New analysis released by the Insurance Council of Australia (ICA) shows that motor vehicle theft claims are increasing significantly in some parts of the country, namely Queensland and Victoria.
Thailand's insurance regulator, the Office of the Insurance Commission (OIC) organised the 1/2025 Consumer Protection and Insurance Participation Committee meeting to clarify the criteria of copayment on the terms and conditions for renewing insurance contracts in the case of policy renewals, chaired by OIC secretary-general Chuchat Pramulpol.
Tropical Cyclone Alfred has left a lasting mark on one of Australia's most popular tourism regions, with extensive sand erosion, damaged beach accessways, and coastal infrastructure destruction along the Gold Coast.
Insurers in Australia had received more than 44,000 claims till 12 March following ex-tropical cyclone Alfred as reported by the Insurance Council of Australia (ICA).
According to a new survey by Compare the Market, 23% of Australian motorists, or approximately one-in-four, have been forced to delay or stop essential car maintenance due to cost-of-living pressures.
A new study has highlighted that individuals aged 25-35 are filing the most insurance claims, with a significant focus on maternity coverage. Women are leading the claims landscape, representing 60% of total claims compared to men's 40%.
South Korea has announced stringent provisions to curb fraud in motor insurance claims and help reduce motor insurance premiums for policyholders.
The Turkish Catastrophe Insurance Pool (TCIP), known also as DASK, has disclosed that it had paid over TRY39.7bn ($1.1bn at the current exchange rate) to date in claims related to damages from the massive 6 February 2023 earthquakes that devastated 11 provinces.
Jordan's insurance market continued to grow in 2024 with the premium volume jumping by around 8% while paid claims increased by 6.5%, according to preliminary data released by the sector's regulator.
The Philippine Crop Insurance Corp. (PCIC) has partnered with G-Xchange to allow farmers to receive indemnity payouts directly through GCash.