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Motor tag returned 497 results

  • Auto third party liability coverage scope exceeds 95%

    The motor third party liability insurance coverage rate was 95.6% last year, an increase of 0.4 percentage point compared to 2017, according to official data.

    China | 19 Apr 2019
  • Car sales forecast to grow in 2H of this year

    China's car market will return to growth in the second half of this year due to government support although the days of high single or double-digit growth are over and consolidation is likely, reported Reuters citing senior automotive executives.

    China | 19 Apr 2019
  • UAE: Insurers reduce deductibles in motor policies

    Insurers in the UAE are reducing the deductible amount in motor insurance policies, as competition intensifies for market share.

    Middle East | 16 Apr 2019
  • Oman: Regulator again warns drivers against crossing flooded wadis

    The Capital Market Authority (CMA) has warned drivers against crossing overflowing wadis intentionally, with many parts of Oman likely to receive heavy rainfall in the next several days.

    Middle East | 16 Apr 2019
  • Keyless cars make car-thefts easy

    Car insurers in Britain paid out a record-breaking £1 million a day in 2018 after a surge in vehicle thefts, including keyless car crime. According to a report published on yahoo.news.com, the cost of pay-outs for thefts of and from vehicles topped £376 million - a 29% increase on 2017 figures.

    Asia Risk | 10 Apr 2019
  • Jordan: Insurers push again for motor pricing liberalisation

    Mr Majed Smairat, chairman of the Jordan Insurance Federation (JIF), has said that compulsory motor third party liability (CMTPL) insurance poses the biggest challenge to the insurance industry, as insurers continue to suffer huge losses in this branch.

    Middle East | 10 Apr 2019
  • India: Slower car sales expected to hit insurers' profits

    Slower growth of passenger car sales in India during the 12 months ended 31 March 2019 (FY2019) is expected to have a direct impact on the fourth quarter profits of general insurers.

    Asia | 10 Apr 2019
  • UAE: Auto premium discounts withdrawn from drivers with clean records

    Insurance brokers say that insurers have withdrawn discounts from accident-free drivers, in the wake of motor insurance prices falling in recent months.

    Middle East | 08 Apr 2019
  • 6 reasons why telematics in insurance fails to take off

    NMG Consulting partner Roshan Perera highlighted the fact that despite many insurers having tested and trialled motor telematics programmes since the technology became popular five years ago, only one - AXA Insurance - has managed to launch one successfully in Asia.

    AIRPlus | 08 Apr 2019
  • Saudi Arabia: Motor insurers see $27m loss from cases of fraud & ignorance over 15 months

    The insurance industry in Saudi Arabia suffered losses of SAR100m ($26.7m) from motor insurance fraud and customer ignorance, according to Dr Mohammed Sulaiman, CEO of Najm for Insurance Services Company, which is a leading traffic support and accident-related service provider in the Kingdom.

    Middle East | 03 Apr 2019

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