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.
The rapid rise of autonomous vehicles in China presents a challenge to insurers who have to create new motor insurance products to keep pace with technological advancements, according to a new white paper.
As the use of e-scooters and e-bikes increases in the UAE, particularly in urban areas, insurers need to develop insurance policies for those using these personal mobility devices, according to Mr Anas Mistareehi, CEO of the insurance brokerage eSanad, which runs a digital insurance platform.
The number of insured vehicle drivers in Türkiye is expected to decrease as motor insurance premiums increase, according to the "2023 Sector Report" released last week by the Insurance Association of Türkiye (TSB).
Insurance premiums for electric vehicles (EVs) have increased at double the pace of fuel-powered cars after the heavy rains in the UAE in April 2024.