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Motor tag returned 796 results

  • Technology to fight auto insurance fraud

    PT Asuransi Tokio Marine Indonesia has deployed Shift Technology's ("Shift") Force fraud detection solution. The AI-native fraud detection and claims automation solutions will become a crucial element in the insurer's overarching fraud prevention strategy.

    Asia Risk | 30 Sep 2020
  • Motor insurers should partner with car-sharing firms

    The insurance industry faces significant implications as COVID-19 lockdowns and an increase in working from home worldwide has limited the need to own private vehicles which will cause more consumers to consider new models of vehicle ownership

    Asia | 29 Sep 2020
  • Egypt: Regulator to set up electronic platform for auto agencies and workshops

    The Financial Regulatory Authority (FRA) has decided to establish a digital platform that includes all auto maintenance workshops and agencies and vehicle inspection experts, according to Mr Ibrahim Labib, head of the compulsory auto insurance group and head of the motor committee of the Insurance Federation of Egypt.

    Middle East | 28 Sep 2020
  • China: Comprehensive auto insurance reform may drag down short-term growth of property insurance

    With the formal implementation of comprehensive auto insurance reforms beginning on 19 September, P&C insurance premium growth may be slowed in the short term.

    Asia | 23 Sep 2020
  • UAE: Insurers ease motor pricing for some categories of drivers

    Insurance companies have eased pricing conditions for four categories of drivers as price competition intensifies in the market, according to insurance broking executives.

    Middle East | 22 Sep 2020
  • UAE: Auto insurance premiums decline

    Motor insurance premiums have decreased since the beginning of this year, driven by the decline in demand in light of the COVID-19 pandemic, as customers renewed motor policies covering their old cars and while refraining from purchasing new vehicles, insurance brokers say.

    Middle East | 21 Sep 2020
  • China: Comprehensive motor reform started on 19 Sep

    The CBIRC rolled out comprehensive reform of motor insurance last Saturday (19 September) that aims to give full play to the decisive role of the market in the allocation of auto insurance resources, improve the government's role, and minimise direct supervision.

    Asia | 21 Sep 2020
  • Singapore: COVID-19 relief measures by general insurers extended

    The General Insurance Association of Singapore (GIAS) today announced the extension of relief measures to ease the financial strain faced by individual and corporate customers amid the ongoing COVID-19 pandemic.

    Asia | 18 Sep 2020
  • Motor pricing reform pressures P&C insurers' profit -- Moody's

    Premium growth is expected to drop to mid- to high-single-digit percentages in the next 12-18 months from 10.7% in 2019, as motor premium growth weakens because of low vehicle sales and a nationwide motor pricing reform, Moody's Investors Service says.

    China | 18 Sep 2020
  • Egypt: Mandatory motor pool chalks up premiums of US$70m in its first 13 months

    The Egyptian compulsory motor third party liability insurance pool has generated premiums amounting to EGP1.1bn ($70m) for the period 8 August 2019 until 8 September 2020 whereas the number of such policies issued during the period was about 4.5m.

    Middle East | 17 Sep 2020

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