Cruise control system failures while driving have raised questions about the liability of the driver, the manufacturer, and the insurance company in the event of accidents resulting from such breakdowns.
Al Fujairah National Insurance (AFNIC) has launched the region's first insurance product exclusively covering accidental loss or damage from Flood, Inundation, Storm, and Tempest for motorists with third-party liability insurance coverage.
Motorcycle liability insurance premiums totalled VND431.8bn ($17.6m) in the first half of 2024, with claims amounting to nearly VND42bn, according to official statistics. This reflects an improved payout rate compared to previous years.
Petro Ivoire, one of the leaders in the distribution of petroleum products in Côte d'Ivoire has announced that it had formed a strategic partnership with Leadway Assurance Côte d'Ivoire (Leadway CI).
A new survey of motorists in Western Australia (WA) has revealed some of the worst habits on the road, with tailgating and poor merging topping the list, according to the Royal Automobile Club of Western Australia (RAC WA).
Najm for Insurance Services has announced ongoing efforts to enhance insurance fraud prevention and develop new indicators for assessing the legitimacy of traffic accidents and detecting fraud.
International actuarial consulting firm Badri Management Consultancy says that it sees growth in the profitability of the Saudi Arabian insurance market.
The combined net income of insurance companies that offer motor insurance reached KRW332.2bn ($248m) in the January-June period, down by 40.2% from KRW555.9bn for the corresponding period last year, according to the preliminary data from the Financial Supervisory Service (FSS).
The Emirates Insurance Association (EIA) has said that the prices of motor insurance policies have become balanced compared to the size of claims, after insurers raised prices within the limits set by the regulatory authorities.
Tadawul-listed Rasan Information Technology Co has announced that its subsidiary, Tameeni Electronic Insurance Broker, has obtained a no-objection letter from the Saudi Insurance Authority to sell comprehensive motor insurance for leased vehicles.