Motor

Queensland's RACQ considering sale of insurance division - report

May 9 2024

Insurer reportedly re-engages Bank of America for sales process following an unsuccessful sale attempt to IAG in 2022/23.

byds-insurance-arm-receives-green-light-to-offer-statutory-auto-liability-insurance

BYD Property Insurance receives green light to offer statutory auto liability insurance in China

May 7 2024

Latest development comes following EV manufacturer's acquisition of insolvent Yi'an Property Insurance in May 2023.

launch-of-australias-ev-centre-of-excellence-set-to-ease-pressure-on-combined-ratios-and-premiums

Australia's EV Centre of Excellence poised to help ease pressure on combined ratios and premiums

May 7 2024

New EV-learning facility will mitigate risk of minor accident write-offs, with Australia's government initiatives offering a blueprint for APAC.

KOBA Insurance launches Australia's first dedicated EV policy

May 3 2024

Pay-as-you-drive policy is initially for Tesla owners, but access to other brands will roll out in the 'near future'.

Chubb promotes Kate Burke to Head of International Personal Lines for APAC

May 1 2024

Burke has been with Chubb since 2017, will lead the strategic expansion of Chubb's APAC personal lines from 1 May 2024.

Guangdong flood insurance claims near US$100m

May 1 2024

Floods result in 34,700 claims worth 699m yuan (US$96.5m) so far, with 206m yuan disbursed in response to calls for swift claims handling.

April Guangdong floods could see economic losses in the hundreds of millions of USD - Aon

April 29 2024

Damage assessment continues, but financial toll on property, motor, and agriculture expected to be significant.

Igloo expands Vietnam reach through series of strategic embedded partnerships

April 25 2024

Insurtech partners with Zalopay, Lotte Finance, OPES, and FE Credit in Vietnam as it continues its goal to improve insurance accessibility and affordability across Southeast Asia.

insurance-council-of-australia-reports-progress-on-motor-vehicle-code-improvements

Insurance Council of Australia reports progress on motor vehicle code of conduct improvements

April 24 2024

Code Administration Committee for the Motor Vehicle Insurance and Repair Industry targets mid-2024 for a revised Code draft.

honey-insurance-partners-with-bank-australia-after-securing-series-a-funding

Honey Insurance agrees six-year partnership with Bank Australia

April 22 2024

New white label partnership follows shortly after MGA announced successful AU$108m Series A Round.

Agent support among key barriers to realising UBI's underwriting potential

April 12 2024

Telematics provides innovative motor insurance opportunities, but industry needs to overcome a series of usage-based insurance roadblocks.

ica-australian-summer-extreme-weather-insurance-losses-hit-au1-2bn

Australian summer nat cat bill surpasses AU$1.6bn

April 10 2024

Cyclone Jasper, Valentine's Day storms, and Christmas Storms have seen a combined 130,000 claims.

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