The automobile insurance market in Côte d'Ivoire is doing well, according to the director of services at the insurer, NSIA Assurance, Mr Mel Bedje.
The Indonesian General Insurance Association (AAUI) has called for third-party liability (MTPL) insurance to be made mandatory for all vehicles, saying that the number of motor accidents has been rising.
Australia's peak motoring body, the Australian Automobile Association (AAA), says new figures revealing an 11.2% annual increase in road deaths send an unambiguous message that state governments must agree to Federal demands to share critical data about the causes of road trauma.
The mainland Chinese motor insurance industry is set to grow at a compound annual growth rate (CAGR) of 5.4% from CNY912.2bn ($127.4bn) in 2024 to CNY1,125.7bn ($158.9bn) in 2028, in terms of gross written premiums (GWP), forecasts data and analytics company GlobalData.
The number of vehicles covered by traffic insurance (also known as motor third-party liability insurance) in Turkiye exceeded 23.34m as of the end of March, according to data from the Insurance Association of Turkiye (TSB).
The UAE insurance industry sees rising demand for comprehensive motor insurance in the wake of severe floods in recent weeks that submerged or swept away vehicles.
The average vehicle premium of nearly 60% of the 62 motor insurance companies that have provided such data declined in the first quarter of this year compared with the fourth quarter of last year.
The National Financial Regulatory Administration (NFRA) has granted approval to Shenzhen BYD Property Insurance to adopt statutory automobile liability insurance (SALI) terms and premium rates in eight markets in China.
Insurers in Bahrain are addressing the growing trend of EV ownership although the current number of such vehicles is less than 750 out of a population of 750,000 vehicles in the kingdom.
When insurers call for free tariff rates for traffic (compulsory motor third-party liability) insurance, foremost on their mind is that premiums must be priced fairly, according to Insurance Association of Turkiye (TSB) secretary-general Ozgur Obali.