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Motor
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 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 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.
Swiss Re calls for closer insurer and EV manufacturer collaboration
June 1 2024
Swiss Re echoes calls for closer collaboration between insurers and manufacturers to address emerging risks and underwriting challenges amid continuing growth of global EV market.
India faces growing backlog of 1m motor insurance claims valued at nearly US$10bn
May 28 2024
RTI query uncovers over 1 million pending motor accident claims worth 805bn rupees (US$9.68bn).
Australia’s Insurance Council calls for EV insurers to partner with fire agencies for better data
May 28 2024
Insurers urged to collaborate with fire agencies and governments to tackle EV battery fire risks and improve insurance models.
GIAJ reports US$214m in insurance payouts for Hyogo April hail event
May 27 2024
Association reports swift response from industry with an estimated 99.7% of 92,424 claims already settled.
Major Japanese insurers admit to sharing motor customer data - report
May 24 2024
Insurers admit to sharing of policy information, marking the latest in a series of industry compliance issues in Japan over the last year.
NSW's severe April storms cause AU$176m in insured damages
May 17 2024
95% of AU$176m (US$117m) in damages related to property, with insurers having paid out AU$10m so far, the ICA reports.
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