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Motor tag returned 510 results

  • Motor insurance says goodbye to double-digit growth rates

    Slower growth has become the new normal for motor insurance business in China, as this class of business posted 4% year-on-year growth in premium income to CNY199.4bn for the first three months of this year. In 2017, motor reported a 7% increase in premiums during the first quarter.

    China | 17 May 2019
  • Mobility as a service and the changing economy

    Over the past 10 years, Mobility as a Service (MaaS) grew from a concept into a $31bn industry. According to Aon's Asia Market Review, it is expected to grow to $1.7tn by 2028.

    AIRPlus | 13 May 2019
  • Motor business continues to lose market share

    The share of auto insurance business in China has slipped to 57.68% in the first quarter of this year, according to data from the CBIRC. This contrasts with a few years ago when motor dominated non-life business with a market share of over 70%.

    China | 10 May 2019
  • Saudi Arabia: New center for motor insurance dispute resolution launched

    The General Secretariat of the Committees for Resolution of Insurance Disputes and Violations has launched the Center for Settlement of Lawsuits at the General Secretariat for resolution of lawsuits filed by individuals against Saudi insurers.

    Middle East | 08 May 2019
  • India: SoftBank leads in $152m funding round for online insurance marketplace

    Policybazaar's parent company ETechAces has procured around $152m in the first tranche of its Series F funding led by Japan's SoftBank Vision Fund, reported DealStreetAsia citing the company's filings with the Registrar of Companies (RoC). The company received $68m from a wholly owned subsidiary of SoftBank Vision Fund SVF India Holdings (Cayman) along with investments from InfoEdge's subsidiary Diphda Internet Services, private equity firm True North and Startup Holding. It has not been revealed how the investment will be used.

    Asia | 08 May 2019
  • Has Tesla laid the groundwork for autonomous vehicle insurance?

    In its 1Q2019 earnings call on 24 April, Tesla CEO Elon Musk confirmed that the automotive and energy company is working to provide an insurance product for its autonomous vehicles (AV), which may be based around Tesla's Autopilot self-driving system.

    AIRPlus | 06 May 2019
  • gig-Kuwait partners Beyontec to drive digital operations

    Beyontec, a global insurance information and technology solutions provider with significant business presence in Kuwait, has announced that it has been selected by Gulf Insurance Group Kuwait (gig-Kuwait) to implement the Beyontec Suite, its core solution, across general and group life lines and ERP business.

    Middle East | 06 May 2019
  • India: Locals can now purchase their two-wheeler insurance via WhatsApp

    Indians looking to insure their motorbikes can now purchase a two-wheeler insurance from Bharti AXA General Insurance on WhatsApp by simply giving a missed call and chatting on the messaging platform. The offering, dubbed 'Buy Two-wheeler Insurance on Whatsapp', which claims to be the first of its kind in India, has been made available via Bharti AXA's partnership with insurance aggregator Wishpolicy. Wishpolicy claims to have made significant progress in driving transactions on WhatsApp via the new product.

    Asia | 02 May 2019
  • Qatar: QIC reports 15% increase in net profit in 1Q2019

    Qatar Insurance Company (QIC) has reported a net profit of $75m for the first quarter of 2019 compared to $65m in the same period in 2018, according to a press statement. This 15% increase is attributed to improving underwriting results and resilient investment income.

    Middle East | 01 May 2019

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