Three in 10 of insurance claims submitted by discredited used car dealer and auto repair company Bigmotor are suspected to be fraudulent.
Moped owners are required to have motor insurance with effect from 1 January 2024, given the high proportion of traffic accidents caused by such vehicles in Tunisia.
The shares of Chinese motor InsurTech platform company Cheche Group went public on NASDAQ on 18 September 2023.
Motor insurers are adhering to a circular issued last month by the Central Bank of the UAE (CBUAE), which warned them not to sell auto insurance policies at premium rates lower than the minimum limits stipulated in the unified motor insurance policy, industry executives say.
Indian InsurTech startup Roadzen has listed its shares on the Nasdaq Global Market, with trading of its shares and warrants started on 22 September.
The main prerequisite for various key initiatives of the general insurance industry is a relationship of trust with customers and business partners and disciplined activities, according to Mr Keisuke Niiro, chairman of the General Association of Japan (GIAJ).
In New Zealand vehicle insurance is the number one thing that people complain about to the Insurance & Financial Services Ombudsman Scheme (IFSOS). Vehicle insurance complaints constituted 23% of all complaints the IFSOS investigated in the past year.
The new unified motor third-party liability insurance policy will see the light before the end of this year, according to the head of the Insurance Regulatory Unit (IRU), Mohammed Sulaiman Al-Otaibi.
The government has issued a decree regulating compulsory motor third-party liability insurance.
Dhipaya Group Holdings has launched Insurverse, said to be Thailand's first digital-only insurance company to meet the needs of the younger generation's digital lifestyles.