Motor

Suncorp's FY25 reinsurance renewal bumps main cat limit, axes QLD quota share

July 5 2024

Cost of program expected to be broadly in line with FY24 renewal.

fitch-affirms-kb-insurance-indonesias-ratings-with-insurer-eyeing-motor-growth

Fitch Affirms KB Insurance Indonesia's ratings as insurer eyes motor growth

July 4 2024

'AA-(idn)' ratings upheld by Fitch, reflecting strong financial performance and strategic alignment with its South Korean parent company.

qbe-hong-kong-appoints-evariste-yeung-as-regional-head-motor-and-aamph

QBE Asia appoints Evariste Yeung as Regional Head for Motor

July 2 2024

Yeung will have dual role of leading Asia's motor portfolio and overseeing the A&H portfolio in Hong Kong and Macau.

NatCat - 2023 Australias Christmas Storms

PERILS' third insurance loss estimate for Australia's Christmas Storms at AU$1.563bn

July 1 2024

New figure marks a slight increase from PERILS' second industry loss estimate of AU$1.547bn (US$1.033bn).

FWD Singapore agrees deal for motor insurance to be underwritten by Income - report

June 28 2024

Deal will see FWD act as agent, with customers likely to face 15 to 30% premium hikes.

China’s motor insurance segment to hit US$150bn by 2028: GlobalData

June 25 2024

5.4% annual GWP growth forecasted, but regulatory premium cap restricts smaller insurers in EV market.

Domestic underwriting challenges to persist for Japanese major non-life insurers in FYE25: Fitch

June 21 2024

Domestic motor and property lines expected to face difficulties, but strong overseas performance and sales of cross-held shares will provide financial stability.

zurich-malaysia-partners-with-gentari-to-support-growth-of-ev-infrastructure

Zurich Malaysia partners with Gentari to support EV growth

June 20 2024

Zurich teams up with clean energy solutions provider to expand EV charging infrastructure and offer value-added services for EV users.

globaldata-forecasts-9-5-annual-growth-for-philippines-gi-market-through-2028

Philippines' GI market to grow 9.5% annually through 2028, forecasts GlobalData

June 19 2024

Construction activity, rising vehicle sales, and increasing nat cat losses among key growth drivers.

Construction boom and government projects to boost Thailand's property insurance segment

June 17 2024

GlobalData projects 4.5% annual growth for Thailand's GI market between 2024 to 2028.

south-korean-motor-insurers-pay-claims-from-trash-balloons-despite-war-exclusions-report

South Korean insurers pay 'trash balloon' claims despite war exclusions - report

June 13 2024

Insurers are opting to cover motor damage, citing unusual circumstances and classifying North Korea's trash-filled balloons as "falling objects".

indian-regulator-introduces-new-general-insurance-reforms

Indian regulator introduces general insurance reforms

June 12 2024

Stricter claim rejections, flexible policy durations, and 'pay as you drive' motor options outlined in new master circular from the IRDAI.

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