Motor

Andrew Geldart, Julian Baumbach join Zurich Australia as Underwriting Managers

September 2 2024

Pair join NSW/ACT team, with Geldart (left) as Property & Marine Underwriting Manager and Baumach (right) as Motor Underwriting Manager.

macau-insurance-has-ratings-affirmed-amid-strategic-growth-plans

Macau Insurance Ratings affirmed as insurer adopts digitalisation, targets growth in GBA

September 2 2024

AM Best affirms 'A-' ratings as insurer looks for Greater Bay Area growth in business lines such as Motor.

IAG finalises long-tail reserves reinsurance deal with Enstar Group

August 30 2024

Deal, first announced in June, includes cover for Product & Public Liability, Compulsory Third-Party Motor, Professional Risks, and Workers’ Compensation portfolio.

Japan’s motor premiums to see 3.5% to 5% increase next year - report

August 27 2024

Amid inflation and nat cats, Japan's big four non-life insurers plan to hike premiums by 3.5% to 5% from January 2025.

korean-insurers-reviewing-ev-policies-and-premiums-amid-fire-incidents

Korean insurers reviewing EV policies and premiums: Report

August 26 2024

Korean insurers likely to raise rates, amid general EV growth and recent high-profile incidents.

RACQ sale process stalls again amid a lack of buyer interest: Report

August 22 2024

Bank of America reportedly pauses sale of Australian insurer, with Allianz and other potential buyers withdrawing interest.

India's Zuno General Insurance rolls out usage-based insurance option for motor policies

August 8 2024

Insurtech uses telematics to introduce India's first usage-based car insurance option.

SBI General, HSBC India enters bancassurance partnership for non-life products

August 6 2024

Businesses team up to provide health, property, motor, and travel insurance to HSBC's customers.

carrot-acquires-exclusive-right-to-use-behaviour-based-insurance-in-south-korea

Carrot secures six-month exclusive rights for behaviour-based motor insurance in South Korea

August 5 2024

Carrot has gathered extensive driving data to support BBI model for motor insurance.

am-best-revises-hyundai-insurance-chinas-outlook-to-negative-amid-underwriting-risks-and-capital-erosion

AM Best downgrades Hyundai Insurance China's outlook due to underwriting risks and capital erosion

August 5 2024

Ratings affirmed, but negative outlook assigned with short to medium-term losses projected to erode capital.

tesla-registers-insurance-brokerage-firm-in-china

Tesla registers insurance brokerage in China

August 5 2024

Move signals Tesla's renewed efforts to sell insurance products directly to consumers in China.

zurich-becomes-preferred-ev-insurer-for-tesla-customers-in-australia

Zurich partners with Tesla as preferred EV insurance provider in Australia

July 29 2024

Zurich to deliver embedded solutions for Model 3 and Model Y customers through Tesla app.

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