Motor

chinas-ev-premiums-rising-as-demand-surges-but-cor-remains-above-100-am-best

China's EV premiums rising with surging demand, but COR remains above 100%: AM Best

September 18 2024

AM Best maintains 'Stable' outlook for non-life market, spotlighting prospects for motor and health, which are balanced by economic and underwriting challenges.

tokio-marine-to-offer-per-hour-car-insurance-for-ride-hailing-operators-report

Tokio Marine to offer hourly car insurance for ride-hailing operators: Report

September 18 2024

The new product is set to launch in January and will be the first of its kind in Japan.

China’s motor insurers need to ramp up risk management amid rise of self-driving cars: China Taiping

September 18 2024

Cybersecurity and data safety are key concerns, with whitepaper also calling on reinsurers to support carriers with product design.

Hong Kong Consumer Council calls for improved cross-border motor insurance products

September 17 2024

Watchdog reviewed products from 12 Hong Kong carriers, noting 40% premium differences and potential coverage gaps, while calling for more diversified products.

Korean motor insurers’ 1H net profit drops 40.2% amid uptick in accidents

September 12 2024

Approximately 1.84m auto accidents were recorded in South Korea for the first half of 2024.

cambodia-looking-to-impose-cross-border-motor-insurance-in-2025

Cambodia looking to impose compulsory cross-border motor insurance in 2025

September 4 2024

IAC is looking to integrate with the ASEAN Compulsory Motor Insurance (ACMI) programme.

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.

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