Leading insurance companies in China such as PICC, Ping An, and China Pacific (CPIC), and others, have set up their own independent technology units to conduct special research on insurance for new-energy vehicles (NEVs), according to Mr Zhang Lei, founder and co-CEO of Nasdaq-listed Cheche Group.
Bahrain Kuwait Insurance Company (BKIC), which is part of the regional insurance group Gulf Insurance Group, has launched distance-based motor insurance, which it offers exclusively online.
Takaful companies paid out a total of MYR8.74bn ($1.85bn) in 2023, 24.40% higher than in 2022, according to data released by the Malaysian Takaful Association (MTA).
The Ghana Private Road Transport Union (GPRTU) has appealed to the National Insurance Commission (NIC) to reconsider the 'No premium, no cover' insurance policy to enable some of its members to buy comprehensive motor insurance.
Owners of electric vehicles (EVs) are finding it difficult to renew their motor insurance policies even for cars that are just past a year old. They complain that insurance companies do not give them a price quote but instead refer them to other insurers.
Financial experts have warned of the risks to the insurance and financing sectors arising from loans granted to finance Chinese electric vehicles (EVs) imported from free-zone dealers.
A new ratings programme that encourages automakers to incorporate more robust safeguards into their partial driving automation systems found that out of the first 14 systems tested, only one was able to earn an acceptable rating.
The Ramadan period presents specific challenges to road users for a number of reasons including increased traffic, according to an analysis of motor insurance claims data by Japanese general insurance giant Tokio Marine, presented in collaboration with RoadSafetyUAE.
The problem of insufficient premiums in compulsory motor third-party liability insurance (known as traffic insurance) imposes a great burden on the sector, with many insurers suffering technical losses in the branch, according to Mr Ceyhan Hancioglu, general manager of Magdeburger Sigorta.
The Company for Cooperative Insurance (Tawuniya), a Top Three insurer in Saudi Arabia, has formed a strategic partnership with Ejaro, a car rental platform company.