Over 60% (62%) of Electric Vehicle (EVs) owners in Australia are concerned about the lack of qualified repairers in their area. Additionally, 90% of EV owners - or those intending to purchase an EV - say it's important that their insurer has access to qualified EV repairers according to a new report by NRMA Insurance.
The UAE's auto insurance sector has seen a significant increase in premiums, exceeding 40% in some cases, raising questions from the Federal National Council, a consultative council whose functions include passing, amending or rejecting federal draft laws and discussing international treaties and agreements. Some insurers are charging double for third-party cover and imposing deductibles of up to 15%.
Driven by increased demand for motor insurance and higher takaful contributions, Brunei Darussalam's insurance sector has reported slight optimism for April 2025, according to the Business Sentiment Index (BSI), published by the regulator, Brunei Darussalam Central Bank.
Taiwan's domestic non-life insurance premium continued to increase in 2024, growing 10.5% to reach TWD278.5bn ($9.2bn), according to a new report by AM Best.
The Saudi Arabian insurance industry's profits (after-zakat & tax) dropped by 28% in the first three months of 2025 to SAR0.6bn ($160m) in 1Q2025 from SAR0.9bn in 1Q2024, Badri Management Consultancy, an international actuarial consulting company, has said.
BYD Insurance Brokerage has officially ceased operations, with its business registration status recently changed from "Active" to "Deregistered," according to public filings.
China will soon bring in mandatory safety requirements for driving assistance systems in the country. China's Ministry of Industry of Information Technology recently put forward a proposal to this effect.
The Motor Trades Association of Australia (MTAA) has expressed deep disappointment at the decision by the Australian Competition and Consumer Commission (ACCC) to approve Insurance Australia Group's (IAG) acquisition of RACQ's insurance operations.
A Bill has been submitted to the Turkish Grand National Assembly to amend the Highway Traffic Law, which when passed will make motor third-party liability insurance compulsory for electric scooters.
Tune Protect Group started its new financial year encouragingly in 1Q25 with 100% y-o-y growth of profit after tax (PAT) on the back of notable net insurance service result. Tune Protect Group CEO How Kim Lian, highlighted several factors that drove the insurer's strong financial performance in 1Q25.