Motor

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.

swiss-re-echoes-for-closer-collaboration-between-insurers-and-ev-manufacturers

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-customer-data-report

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.

Rising vehicle sales and EV demand to drive China motor insurance growth: GlobalData

May 17 2024

GlobalData expects market to reach US$158.9bn by 2028, but EVs and rise in road accidents will prompt motor insurers to reassess their risk exposure.

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