Speaking at the Global Insurance Forum last week, Cambridge Mobile Telematics director of corporate and strategic development Mohsin Rashid said that the telematics data it has collected revealed interesting insights on driver behaviour and causes of motor accidents.
With effect from 1 September, general insurers are to make available to customers annual standalone Own Damage (OD) covers for both new and old cars and two-wheelers, according to a directive issued by the insurance regulator IRDAI.
Motor insurance premiums declined by almost 10% in the first half of 2019, compared to the corresponding period last year, because of a lower number of accidents and weaker car sales, according to UAE financial aggregator Insurancemarket.ae which is run by AFIA Insurance Brokerage Services.
Regional ride hailing company Grab has partnered with state-owned Myanma Insurance to launch a group Personal Accident Insurance (PAI) scheme which covers drivers and passengers in the case of an accident during a GrabTaxi, GrabThoneBane or GrabBike ride.
The National Development and Reform Commission (NDRC) has suggested that a study be carried out on hiking premiums for compulsory motor third party liability (CTPL) insurance for old vehicles with poor safety records. The implication is that owners would then take the initiative to scrap old vehicles.
China has reported the worst-ever monthly sales drop in its vehicle market, exacerbating concerns over the country's economic slowdown and growing impact of an ongoing trade war with the US, reported Reuters.
Huddle Insurance, which calls itself a technology company that uses AI to improve insurance services, has launched Australia's first product to cover fully drivers in the event of a collision with a kangaroo or other animals.
The total number of passenger vehicles sold in May stood at 239,347 units, 20.6% lower than the corresponding month in 2018, making the decline the biggest since September 2001 when sales dropped by 21.9%.
With so many exaggerated Hollywood depictions of car hacking scenarios, it's easy to become absorbed - to imagine a future in which cars are hacked by criminals or terrorists and used as weapons. While there are reasons why such scenarios haven't yet taken place, could they? And if so, how can we prevent them?
A majority of consumers have a positive attitude toward self-driving cars, and are awaiting their introduction with 'anticipation', according to a survey conducted by the consulting group Capgemini.