SCOR subsidiary and InsurTech solutions provider ReMark has partnered with Indonesian insurer Sequis to develop the latter's online insurance business unit which has now been rebranded as 'Super You'.
The number of vehicles in Turkey covered by own-damage motor insurance is declining. One reason cited for this situation is that vehicle owners want to cut costs because they are feeling the impact of the economy.
The General Administration of Traffic is linking drivers with traffic violations to motor insurance, a move which is seen as benefitting the insurance industry.
Almost three quarters (73%) of UAE residents surveyed in a recent study admit to road rage "often" or "sometimes" while driving.
French online insurance broker Baloon has started to offer medical insurance, moving on from motor business.
Insurance companies are awaiting a response from the Ministry of Finance regarding a new pollution tax to be imposed on vehicle owners. The tax is provided for in the draft revised finance law scheduled to be passed in 2020.
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.
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.
TMT Sigorta has become the latest to join the insurance industry, after receiving a licence from the regulator, the Treasury.
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.