The Algerian government will prohibit cash payments in the insurance, real estate, and automobile sectors in a fight against moneylaundering, tax evasion, and other black market activities.
The Office of Insurance Commission (OIC) has revamped motor insurance regulations for the first time in nearly 20 years, with a pilot run to be launched next year.
The Insurance Association of Turkiye (TSB) has announced that it has become mandatory for buyers of second-hand vehicles to have compulsory motor third-party liability insurance (traffic insurance) before the vehicle purchase transaction.
Insurance companies in China are entering the intelligent vehicle market as the proportion of new cars equipped with high-level intelligent systems increases.
With effect from 30 November 2024, all mini electric bikes or scooters should be covered by compulsory automobile third-party liability insurance, and must be registered, and display the licence plate.
The Ministry of Transport (MOT) will look at the implications of making car insurance compulsory for private car passengers.
A member of the board of the Insurance Association of Turkiye (TSB) has called for issues related to compulsory motor third-party liability insurance (traffic insurance) to be resolved so that attention can be focussed on other matters.
Nasdaq-listed Beijing-headquartered Cheche Group, a leading auto insurance technology platform in China, has said that its long-term plans include extending its partnerships with auto manufacturers beyond China.
Vehicle owners are complaining that some insurance companies have been refusing to sell them comprehensive insurance. Instead, the insurers offer them motor third-party liability insurance.
China's motor insurers are being plagued by companies offering vehicle pool coverage and deceiving consumers by exploiting the names of big-brand insurers such as Ping An and Taikang.