Motor

MSIG Asia targets 15% CAGR profit growth to 2029

January 20 2025

Insurer is strengthening in digital distribution, as well as healthcare and cyber lines.

Alllianz set to pay AU$170m in compensation after settling car add-on insurance class action

January 20 2025

ASIC has been criticising Australian insurer's car add-on insurance sales practices since 2016.

Severe storms across Australia’s eastern states trigger surge in insurance claims

January 17 2025

Insurers mobilise after strong winds, hail hit New South Wales and Queensland.

Korean insurers could see losses of over US$70m from LA wildfires: Report

January 17 2025

DB Insurance and Korean Re among those exposed to losses from wildfires.

etiqa-to-sustain-underwriting-performance-despite-phased-liberalisation-of-fire-motor-lines-am-best

Etiqa to sustain underwriting performance despite market liberalisation of fire, motor lines: AM Best

January 13 2025

Ratings agency affirms ratings, with ongoing underwriting and pricing discipline expected to support strong operating performance.

AXA, AXA Tianping, and PICC sign MOU to support Hong Kong EV insurance growth

January 10 2025

Partnership aims to develop new solutions for new energy vehicles, while improving cross-border market.

rebekah-ashby-joins-hdi-global-as-senior-motor-fleet-underwriter

Rebekah Ashby joins HDI Global Australia as Senior Motor Fleet Underwriter

January 8 2025

She moves from Zurich Insurance, where she most recently held a similar position.

scale-beginning-to-counter-higher-ev-loss-ratios-in-china-am-best

Large scale countering higher EV loss ratios in China: AM Best

January 8 2025

China’s largest motor insurers are leveraging scale advantages to overcome higher NEV loss ratios, said AM Best.

Bank Negara Malaysia launches code of conduct for motor insurance claims

January 7 2025

The Insurers and Takaful Operators-Repairers Code of Conduct establishes minimum standards around motor claims settlements.

IAG launches global research project on lithium-ion battery safety

December 19 2024

The research aims to "debunk misconceptions about battery fires" and "establish clear, practical safety guidelines for everyday use," in Australia and around the world.

AM best upgrades Provident Insurance's ratings amid "significant" tech investment

December 13 2024

Investment in IT and pricing capabilities has elevated 2024 expense ratio but will aid execution of company's growth plan.

allianz-australia-to-acquire-raas-insurance-business

Allianz Australia's RAA acquisition strengthens top four market position: S&P

December 4 2024

Deal will not impact capital adaqeucy, with Allianz set to fully fund AU$642m (US$417m) RAA acquisition, says rating agency.

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