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Motor tag returned 613 results

  • Growth in motor and casualty in Taiwan

    Taiwan's national reinsurer, Central Reinsurance Corporation (Central Re) was established in 1968 to promote the growth of the domestic insurance sector and remains the only domestic reinsurance company in Taiwan.

    AIRPlus | 13 Nov 2019
  • India: New partnership seeks to disrupt automobile claims

    Indian claims management solution service provider IAR Group and US-based AI damage estimation platform Claim Genius have entered into a partnership to jointly bring the latter's AI auto damage estimation solutions to the Indian insurance market. Their collaboration seeks to improve the processing speed and accuracy of Indian auto insurance claims.

    Asia | 07 Nov 2019
  • Turkey: New player enters non-life insurance market

    TMT Sigorta has become the latest to join the insurance industry, after receiving a licence from the regulator, the Treasury.

    Middle East | 06 Nov 2019
  • Algeria: Insurers lobby against collection of proposed vehicle tax

    Representatives of public and private insurance companies called on the government to exempt them from collecting motor vehicle fees proposed in the draft financial law 2020 due to its likely negative impact on insurance business.

    Middle East | 03 Nov 2019
  • Insurance sector surges ahead in first 3 quarters of the year

    In the first nine months of this year, China's insurance industry realised gross insurance premium income of CNY3,452bn ($490.4bn), a year-on-year increase of 12.6%. The year-on-year growth rate narrowed by 0.4 percentage point from the previous eight months, according to data from the CBIRC.

    China | 01 Nov 2019
  • Motor premium drives Indian non-life segment

    A report by Kotak institutional equities research has shown that general insurance companies in India have reported 18% y-o-y growth in premium (excluding crop) in September, higher than 7-11% y-o-y growth over the past three months. This was driven by the motor TP segment (up 38% from 10-18% in past three months) as an immediate reaction of increase in traffic fines, even as health and fire grew, crop business was higher leading to 26% overall premium growth.

    AIRPlus | 31 Oct 2019
  • China: ERGO forms motor mobility JV

    ERGO Group and Great Wall Motors (GWM) have signed an auto mobility joint venture agreement to establish a leading provider of technology and data-driven insurance product and service solutions in the automotive and new mobility ecosystem.

    Asia | 31 Oct 2019
  • Australia: Qantas launches motor insurance service

    Australia's flag carrier Qantas has launched Qantas Car Insurance, which rewards motorists with Qantas Points for performing brake and tyre checks and booking their car in for a service.

    Asia | 31 Oct 2019
  • Revamp of mandatory motor 3rd party liability insurance rules seen as imminent

    The CBIRC is reportedly considering updating its regulations for compulsory motor third party liability insurance (CTPL), which would be the first major revamp of the rules since this class of business was made mandatory on 1 July 2006.

    China | 25 Oct 2019
  • Cambodia: Govt to penalise uninsured vehicle owners

    The Insurance Association of Cambodia (IAC) has signed an MoU with general insurers on vehicle insurance whereby the insurers will use accident reports from traffic police to develop an accident scenario assessment and determine compensation. The agreement will come into effect in January next year and seeks to make processing claims more accurate and faster, reported the Khmer Times.

    Asia | 23 Oct 2019

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