Shenzhen BYD Property & Casualty Insurance (BYD Insurance) has reported a dramatic turnaround in its 2025 Q2 solvency report. The insurer, which struggled with losses for two consecutive years, posted insurance business income of CNY1.4bn($191.8m) for the first half of 2025-already surpassing the CNY1.36bn recorded for the whole of 2024. In 2023, BYD Insurance's revenue was negative, posting a loss of CNY6,858.
The number of registered vehicles in Turkiye stood at 32.37m at the end of June 2025, according to data from the Turkish Statistical Institute (TurkStat).
Insurance companies' premium volume in Kuwait declined by 9% in the fiscal year ended 31 March 2025 (FY2025) with the health insurance branch reporting a notable drop, according to the sector's regulator.
Insurance companies in Oman recorded about 75,200 traffic accidents, 18,552 of which were classified as serious accidents, while the number of minor accidents exceeded 56,600 accidents, according to data released by the Financial Services Authority (FSA).
One in five drivers in Australia admit that they disable their car's safety features according to the 31st edition of AAMI Crash Index research released in July 2025.
More than 3,000 vehicles were damaged in the flooding that followed heavy rains across South Korea according to a report in The Korea Times.
China's commercial new energy vehicle (NEV) insurance market continued to outpace the broader industry in the first half of 2025, with total premiums surging by 41.44% to CNY66.17bn ($9.13bn), according to Securities Daily. That compares with a tepid 3.27% rise in total auto insurance premiums, which include both commercial and compulsory policies.
China Pacific Property Insurance (CPIC P&C), a subsidiary of China Pacific Insurance (CPIC), has partnered with Mitsui Sumitomo Insurance (MSIG) and Aon-COFCO Insurance Brokers to roll out the country's first international insurance program for new energy vehicles (NEVs).
Thailand's regulator, the Office of the Insurance Commission (OIC), has announced that it will move forward with three measures to protect consumers of insurance, including expediting compensation, developing a complaint reduction process and upgrading the protection system for victims of car accidents. These measures aim to promote rights and equal access for all.
Over four in five (82%) of respondents to a road safety survey in the UAE say they regularly witness rude or aggressive behaviour on the road.