Motor

Property and motor to fuel growth in Malaysian GI segment: GlobalData

May 14 2024

An increase in vehicle sales, accidents, and claims has led insurers to reassess risk exposure.

indian-regulator-mandates-insurers-to-expand-coverage-in-rural-and-undeserved-areas

Indian regulator mandates insurers meet rural and social sector quotas

May 13 2024

Circular mandates life, general, and health insurers fulfill rural and social sector quotas.

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.

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