Recently local media reported that the first-year comprehensive insurance premium for the Xiaomi SU7 Ultra, priced at CNY529,000 ($73,088), ranges between CNY9,500 and CNY11,000. This is approximately CNY3,000 lower than the insurance costs for similarly priced gasoline vehicles.
These are the updates on insurance regulation across China this week.
The Algerian Unified Automobile Bureau (BUAA) has lined up several digitalised insurance services for auto insurers which will also benefit motorists.
Net insurance premiums for insurance companies in Tunisia reached TND3.82bn ($1.24bn) in 2024, up from TND3.45bn in the previous year, a 10.8% increase, according to preliminary figures released by the General Insurance Committee (CGA), the insurance sector's regulatory authority.
These are the highlights for all events and updates across the industry this week.
An Australian code administration committee (CAC) has unveiled its updated motor vehicle insurance and repair industry code (draft) for public consultation before it is formally adopted. Businesses, individuals and organisations have been invited to have their say via the public consultation route that began on 5 March 2025 and will run for a period of eight weeks until 29 April 2025.
According to a new survey by Compare the Market, 23% of Australian motorists, or approximately one-in-four, have been forced to delay or stop essential car maintenance due to cost-of-living pressures.
The number of insurance companies joining the insurance platform for new energy vehicles (NEVs) has been steadily rising.
Leading new energy vehicle (NEV) manufacturer BYD has announced that it made record sales of 4.27m vehicles in 2024, securing its dominance in the global NEV market.
Baidu founder Robin Li has stated that autonomous driving could significantly reduce traffic fatalities, basing his comments on autonomous-vehicle data.