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Motor tag returned 560 results

  • India: New motor vehicles law will increase insurance penetration

    The Motor Vehicles (Amendment) Bill, 2019 is finally before the Indian President awaiting his final nod, after having been passed by both houses of Parliament at the end of last month.

    Asia | 16 Aug 2019
  • Indonesia: OJK says changes in property & motor insurance rates can wait

    The Financial Services Authority (OJK) has assessed that changes in premium rates in the property and motor insurance business lines are not yet needed. Even so, any change can still be decided after a review of data for the second half of this year.

    Asia | 14 Aug 2019
  • Australia: Early adopters of driverless vehicles likely to be uninsured

    With Australian legislation being way behind the technological advances of driverless cars, there is a risk of early adopters being on the roads without insurance coverage according to Barry.Nilsson.Lawyers principal Henry Silvester who will address this topic with delegates at the Australian Insurance Law Association (AILA)'s national conference later this year.

    Asia | 13 Aug 2019
  • Japan: Premium rates for auto insurance set to increase by 3%

    Major non-life insurers in Japan are planning to increase automobile insurance premiums by about 3% in January next year, reported local news agency Jiji Press citing industry sources.

    Asia | 06 Aug 2019
  • 1H2019 Results: Net profit for Generali jumps by 34.6%

    With positive developments in all its business segments, global insurer Generali saw its operating result grow by 7.6% to EUR2.72bn ($3.05bn) and its net profit (including the result of discontinued operations) jump by 34.6% to EUR1.8bn in the first half of 2019.

    Asia | 06 Aug 2019
  • Positive impact on motor insurance and road safety in India

    The Motor Vehicles (Amendment) Bill 2019 passed by the Indian parliament on 31 July 2019 will amend the provisions under the Motor Vehicles Act of 1988 and enforce stricter penalties for road traffic violations.

    AIRPlus | 06 Aug 2019
  • Uganda: More than half of boda boda drivers are unlicensed

    Many boda boda or motorcycle taxi drivers and riders are unaware of the law requiring the drivers to buy third party insurance, says Mr Anthony Mateega, the motor and marine manager at Statewide Insurance Company.

    Africa | 05 Aug 2019
  • Jordan: Rule changed to allow electronic verification of traffic records

    The government has abolished a rule obligating vehicle owners to prove that they have not committed traffic violations when requesting a reduction in premiums when they seek renewal of their compulsory motor third party liability insurance cover.

    Middle East | 05 Aug 2019
  • MSIG to pump in funding for Myanmar's major non-life insurer

    Japanese insurer Mitsui Sumitomo Insurance Group (MSIG) announced that its application to secure a 10% stake in IKBZ Insurance passed the regulatory review from Myanmar's Ministry of Finance and Planning on 31 July. Looking to obtain the final regulatory approval by the end of October, MSIG said it will now carry out necessary procedures based on instructions from the local authorities.

    Asia | 02 Aug 2019
  • Auto insurance market to ride on 5G

    Shanghai-based online-only insurer Zhong An P&C Insurance predicts that motor insurance rates will fall in the future due to a lower number of claims, as 5G technology will generate more real-time data and reports following an accident which will allow much faster investigations and claim settlement.

    China | 02 Aug 2019

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