The reforms target lower personal injury premiums, broader access to time-based motorcycle insurance, and the transfer of no-claims discounts when motorcycles are replaced.
Factors seen to drive the industry's 2026-2030 growth include digital enablement, insurtech investment, AI-driven service models, and expanded telehealth and mental health benefits.
The expansion is fueled by several factors, including elevated claims, medical inflation, an ageing population, and ongoing infrastructure investments.