Motor

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.

Allianz Australia to acquire RAA’s insurance business

December 2 2024

(Re)in Summary • Allianz Australia has partnered with the Royal Automobile Association of South Australia (RAA) in an AU$642m (US$417.2m) deal, acquiring RAA’s general insurance business,...

singapores-gi-industry-to-top-sg8bn-by-2029-globaldata

Singapore’s GI industry to top SG$8bn in 2029: GlobalData

December 2 2024

Economic recovery, rising healthcare costs, and government EV initiatives will be key drivers in shaping growth trajectory.

regulatory-approval-uncertain-for-iags-acquisition-of-racq-say-analysts

Regulatory approval a hurdle for IAG's acquisition of RACQ insurance business, say analysts

December 2 2024

Analysts say deal will face close scrutiny from the ACCC due to potential concerns around market concentration in Queensland's insurance segment.

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