The South African Insurance Association (SAIA) has said that the primary reason that the non-life insurance industry's Vehicle Salvage Data (VSD) system was created was to combat crime.
The total number of traffic accidents in Oman in the first quarter of this year was 23,800, including 4,100 major accidents and 19,700 minor accidents, according to unaudited quarterly insurance sector statements.
RSA Insurance said it will be giving people on the frontline of the COVID-19 crisis a 3-week concession on their car insurance as a way of showing appreciation for the service they have rendered during the pandemic.
The South African Motorbody Repairers' Association (SAMBRA), an association under the Retail Motor Industry (RMI) umbrella, has requested the South African Insurance Association (SAIA) to allow access to vehicle information, such as the vehicle identification number (VIN), so that consumers can be properly informed prior to making a used-car purchase decision.
Similar to other economic sectors in Algeria, the insurance sector is feeling the impact of the COVID-19 pandemic.
Edelweiss General Insurance (EGI), India's first cloud native insurer, has launched an innovative, app-based motor OD floater policy, called "Edelweiss SWITCH".
The UAE Insurance Authority (IA) is considering to launch a new stimulus package as part of a series of measures to support the insurance sector amid the COVID-19 crisis.
Auto sales in China grew in April, the first increase in nearly two years, driven by increased demand for commercial vehicles.
The Moroccan Federation of Insurance and Reinsurance Companies (FMSAR) has announced that insurers will offer discounts that can reach 30% of premiums on annual motor third party liability insurance policies as well as additional coverage for two months of a coronavirus lockdown.
The government's move to resume the licensing of new cars will help revive the motor insurance sector, say a number of insurance experts.