A car occupancy survey in the UAE has revealed a high percentage of car dependency (83%) as compared to public and alternative transport. About 6 out of 10 motorists are alone in their cars for 80-100% of trips.
The government is proposing to abolish a pollution tax which is currently collected on the behalf of the tax authorities by insurers from customers who purchase a motor insurance policy.
Swiss Re and Daimler Insurance Services have entered into a strategic partnership for automotive and mobility insurance and launched a new company called Movinx.
Chinese auto dealers will recover from the unprecedented disruptions caused by the lockdowns and social distancing measures imposed by the government to manage the coronavirus pandemic, Fitch Ratings says.
If you are commuting to work, you would surely expect that accidents are most likely to happen during rush hours, in the morning or in the evening, when everybody is out driving, and traffic is often congested.
Bangladesh Road Transport Authority (BRTA) has that no case could be filed against any motor vehicle or vehicle owner for not having third-party liability insurance.
The Nigerian insurance industry is losing millions in foregone premiums with estimates that 9.64m vehicles hold fake motor insurance papers or are uninsured. A few which had genuine insurance policies failed to renew them when the motor insurance cover expired.
During the coronavirus pandemic, the US auto insurance industry has offered over $10bn in rebates on premiums to the policyholders. However, despite the rebates and discounts being offered, customer satisfaction with car insurance providers has continued to fall.
Motor insurance premiums amounted to CNY546.3bn ($80.5bn), accounting for 58.15% of the insurance industry's total non-life premiums for the first eight months of this year.
Non-life insurers are trimming their workforces in motor insurance sales channels, to cut operating costs amid falling revenue and rising loss ratios.