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Motor tag returned 981 results

  • Bahrain: gig-Bahrain's underwriting results predicted to improve

    The prospective underwriting performance of Bahrain Kuwait Insurance Company (gig-Bahrain) is expected to improve following management actions in its motor lines of business, increased retention of profitable business and further synergies with its subsidiary, Takaful International Company (gig-Bahrain Takaful), says AM Best.

    Middle East | 19 Sep 2021
  • Lebanon: New car sales down 44% in first 8 months

    Vehicle dealers sold 2,678 new passenger cars in the first eight months of 2021, constituting a decline of 44.3% from 4,808 cars sold in the same period of 2020.

    Middle East | 19 Sep 2021
  • Bahrain: Lack of spare parts hampers growth of electric car market

    The biggest obstacle to insuring electric vehicles is the difficulty in obtaining spare parts for such vehicles, according to the head of the Bahrain Insurance Association (BIA), Mr Jawad Muhammad.

    Middle East | 16 Sep 2021
  • UAE: Electric vehicle owners call for unified motor insurance policy to be updated

    Owners of electric cars are calling for amendments to the terms and conditions stipulated in the unified motor insurance policy that they feel has not kept pace with developments in the electric vehicle arena.

    Middle East | 12 Sep 2021
  • CBIRC hands in report card on comprehensive auto insurance reform

    The implementation of the comprehensive auto insurance reform since 19 September last year has helped motor insurance policyholders save over CNY170bn ($26.3bn), according to a spokesman for the CBIRC who was speaking at a media briefing earlier this week.

    China | 10 Sep 2021
  • Biggest non-life insurer outlines impact of motor reform on its 2021 half-yearly performance

    The 2021 interim results of PICC P&C, China's biggest general insurer, showed that its performance in motor insurance business was significantly affected by the comprehensive motor insurance reform launched in September 2020.

    China | 10 Sep 2021
  • Turkey: Objections to draft motor insurance payout formula raised

    A draft formula proposed by the Insurance and Private Pension Regulation and Supervision Agency (SEDDK) to be used for calculating motor compensation amounts payable to vehicle owners who are not at fault in traffic accidents could result in insurance payouts that are approximately one third of current levels.

    Middle East | 09 Sep 2021
  • Should self-driving cars behave more or less like people?

    Recent studies have shown that people have negative attitudes to using autonomous systems because they don't trust them. Moreover, research shows a human-centred approach in autonomy is perceived as more trustworthy by users. This attitude raises a vital issue: Do passengers want self-driving cars (SDC) to mimic their personal driving behaviours or do they hold these autonomous vehicles to a different standard?

    AIRPlus | 09 Sep 2021
  • UAE: Online insurer expands offerings to include home and travel insurance

    Dubai-based insurance innovator Beema, a part of ENOC Group, has announced its transformation to a multi vertical InsurTech company with the addition of home and travel insurance verticals alongside its innovative pay-per-kilometre motor insurance product.

    Middle East | 07 Sep 2021
  • Global: P&C business to shift towards higher-risk property and liability lines - Swiss Re

    The P&C portfolio globally is expected to shift from lower-risk motor insurance towards higher-risk property and liability lines, according to Swiss Re Institute's sigma study, "More risk: the changing nature of P&C insurance opportunities to 2040".

    Asia | 07 Sep 2021

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