Motor

sompo-adopts-wtw-solution-to-deploy-predictive-pricing-technology-as-part-of-global-non-life-digital-strategy

Sompo adopts WTW tech for global, non-life predictive pricing strategy

September 10 2025

Sompo has adopted WTW's Radar platform to speed up pricing decisions and improve risk assessment, starting with its direct motor insurance unit.

Price Forbes appoints Eric Wang Mingchao as Head of Affinity in Singapore

September 8 2025

He joins from SinoAsia Affinity, where he served as general manager.

abci-insurances-property-results-lift-combined-ratio-to-97-as-fitch-affirms-rating-at-a

ABCI Insurance underwriting results improve, but limited scale, heavy reinsurance reliance remain constraints: Fitch

September 8 2025

Fitch affirmed ABCI's ratings, but noted the Hong Kong-based insurer remains heavily dependent on reinsurance and parental backing, despite recent gains.

Motor vehicle insurance was again the most complained about general insurance product

Eric Insurance creditors to vote on restructuring plan as APRA oversight continues

September 5 2025

The general insurer has ceased writing new business since June 2024.

motor-vehicle-theft-claims-surge-in-queensland-victoria

Victoria motor theft claims hit record A$223m: Insurance Council of Australia

September 4 2025

National motor theft claims climbed 11% in volume and 20% in costs last financial year, according to ICA data.

accc-delays-decision-on-iags-proposed-rac-underwriting-takeover

ACCC raises competition concerns over IAG's proposed A$1.35bn acquisition of RAC Insurance

September 4 2025

The consumer watchdog is inviting industry feedback ahead of a final decision, which is planned for November.

racq-apologises-to-members-over-mishaps-in-insurance-renewal-notices

IAG completes RACQ Insurance acquisition in A$855m deal

September 1 2025

The deal sees IAG acquire a 90% stake in RACQ, while securing an exclusive underwriting and distribution agreement for 25 years.

q1-2025-apac-motor-insurance-splits-between-rapid-growth-and-rising-strain

APAC motor premiums soar in Q1 but rising claims pressure margins

August 27 2025

Claims inflation weighs on APAC's motor insurers, eroding margins in key markets despite double-digit growth in the Philippines, Vietnam, and India.

south-koreas-financial-regulator-to-announce-measures-for-mg-life-report

South Korea's general insurance market to reach US$28bn by 2029, but motor pressures remain: GlobalData

August 25 2025

New liability insurance mandates and demographic shifts will drive 3.8% annual growth despite motor segment pressures from electric vehicle risks.

cambodias-insurance-sector-saw-442185-policies-in-h125

Cambodia's GWP grows 31% in Q2

August 21 2025

Life segment led growth with a 53% increase in premiums.

am-best-affirms-b-rating-for-kb-insurance-indonesia-amid-push-into-motor-line

KB Indonesia shifts focus to motor insurance as AM Best affirms ratings

August 20 2025

The insurer continues to face underwriting volatility from its small premium base and exposure to high-severity commercial losses.

hdi-global-sees-strong-h125-financial-results-on-revenue-growth-resilience

HDI Global sees global insurance revenue grow 7% in H1 2025

August 19 2025

The units in Singapore and ANZ provided a strong boost to the group’s half-year results, the insurer says.

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