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Motor tag returned 681 results

  • Regulator clamps down on conflict of interests involving key personnel of motor insurers

    The CBIRC is tightening its rules for the motor insurance market by issuing a directive for key personnel of motor insurance companies to avoid conflict of interests where their relatives operate or work in entities that have business dealings with the insurers.

    China | 27 Mar 2020
  • Saudi Arabia: Motor damage assessment system launched in 40 cities

    The Saudi Authority for Accredited Valuers (TAQEEM) and its strategic partner Najm for Insurance Services have jointly launched the first phase of the "Taqdeer" system for electronically evaluating minor vehicle damages in 40 different cities throughout the Kingdom.

    Middle East | 26 Mar 2020
  • Singapore: general insurance sector achieves stable growth, more claims paid out in 2019

    The General Insurance Association of Singapore (GIA) announced that the sector achieved stable growth with 7.6% annual growth in gross written premiums, totalling S$4.10 billion as at 31 December 2019. The sector paid out 12.2%, or S$159 million, more in insurance claims in 2019, which contributed to the sector recording an underwriting loss of S$28 million.

    Agents | 25 Mar 2020
  • Australia: Proportion of the young who drive is falling

    The proportion of people in younger age groups driving is decreasing while the proportion in older age groups who are behind the wheel increases, new automotive data from market research firm Roy Morgan show.

    Asia | 26 Mar 2020
  • Singapore: General insurance market sees underwriting loss in 2019

    The general insurance market in Singapore recorded an underwriting loss of S$28m ($19.4m) last year, compared to an underwriting profit of S$36m in 2018, according to the General Insurance Association of Singapore (GIA).

    Asia | 25 Mar 2020
  • Turkey: Motor insurers to use new calculation method to determine claim amounts

    A new calculation method has been prepared for motor insurance compensation and added to the general rules related to compulsory motor third party liability insurance, the Insurance Association of Turkey (TSB) has announced.

    Middle East | 24 Mar 2020
  • Driving towards profitable growth in Vietnam

    PVI Insurance is one of the biggest insurers in Vietnam, holding an estimated 15% of the Vietnam market. With the guidance from owner HDI Global, the insurer is set to be a force in the nation. We speoke to newly appointed chairman Duong Thanh Francois about the company and its direction in Southeast Asia's biggest emerging economy.

    AIRPlus | 24 Mar 2020
  • Japan: Sony Assurance uses AI to reward safe driving

    Japan: Sony Assurance uses AI to reward safe driving Sony Assurance has launched a new motor insurance plan which rewards customers with a cashback of up to 30% for safe driving, which is tracked through AI.

    Asia | 24 Mar 2020
  • Car sales plunge by 80% in Feb, expected to return to normal in 3Q2020

    Auto sales in China plunged by 79% in February to mark their biggest ever monthly decline, with demand pummelled by the coronavirus outbreak, reported Reuters.

    China | 20 Mar 2020
  • Australia: PERILS to provide motor exposure & loss data

    PERILS, the independent Zurich-based company providing industry-wide catastrophe insurance data, has announced that it will extend its line of business reporting to include Australian motor for personal and commercial lines.

    Asia | 18 Mar 2020

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