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Motor tag returned 850 results

  • UAE: Motor insurance premium rates expected to fall by 10% this year

    Senior executives and directors of insurance brokerage firms expect a 10% decline in the average motor insurance premium rate during the current year, compared to last year.

    Middle East | 14 Jan 2021
  • China: Auto maker takes strategic stake in non-life insurer

    Zhejiang Geely Holding Group, a Chinese multinational automotive company headquartered in Hangzhou, has agreed to buy a 33.33% stake in Union P&C Insurance from Union Life Insurance, according to an announcement by the non-life insurer.

    Asia | 11 Jan 2021
  • New Zealand: A quarter of drivers have been in crashes involving uninsured drivers

    Kiwi drivers may be putting themselves and others at risk by not taking out car insurance, according to new research by Finder, a car insurance comparison website in New Zealand.

    Asia | 11 Jan 2021
  • Insurers go slow on auto business

    Some motor insurers are quietly cutting back on accepting motor business, following the implementation of comprehensive motor insurance reform since September 2019 that has led to lower profits or even losses in this class of business.

    China | 08 Jan 2021
  • UAE: Health and motor insurance estimated to have boosted insurers' profits by 10-12% in 2020

    The Emirates Insurance Association and officials in the sector expect that the profits of insurance companies would have grown by between 10% and 12% in 2020.

    Middle East | 07 Jan 2021
  • Turkey: Nexus facilitates first structured MTPL reinsurance deal

    Leading independent specialty Managing General Agent Nexus Group has announced that Labuan-based Nexus Structured Solutions has developed a groundbreaking, 10-year structured reinsurance deal for innovative niche Turkish insurer, Koru Sigorta Anonim Sirketi, covering its Motor Third Party Liability (MTPL) book of business with capacity provided by an 'AA-' rated global reinsurer.

    Middle East | 06 Jan 2021
  • Saudi Arabia: Najm steers 'Manafeth' foreign vehicle insurance portfolio

    Najm for Insurance Services has announced that it is managing the 'Manafeth' portfolio, which specialises in selling third party liability insurance for non-Saudi vehicles entering and transiting through Saudi Arabia's land and sea ports.

    Middle East | 05 Jan 2021
  • Algeria: Motor insurance pricing unified wef 1 Jan

    Motor insurance premium rates have been standardised with effect from 1 January 2021, according to the Algerian Union of Insurance and Reinsurance Companies (UAR) in a statement.

    Africa | 04 Jan 2021
  • Brexit insurance headache for UK drivers: BIBA

    Beginning 1 January 2021, UK drivers to Europe may face potential delays and additional checks at ports. The additional checks could be to ensure that the drivers and hauliers from Britain have the correct documentation including insurance and evidence of insurance in the form of a green card for each vehicle and trailer or caravan.

    AIRPlus | 24 Dec 2020
  • MSIG and Carro launch motor UBI product across Southeast Asia

    Carro, Southeast Asia's automotive marketplace, has launched the region's first-ever behaviour and usage-based car insurance (UBI) in an exclusive partnership with Mitsui Sumitomo Insurance Group Holdings (MSIG).

    AIRPlus | 18 Dec 2020

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