Motor

NFRA looking to 'optimise' EV insurance pricing

March 12 2024

Li Yunze, Head of the NFRA, says regulator is to refine insurance pricing and reduce down payments on loans.

Australian MGA Mustard Underwriting partners with Sovereign on personal lines products

March 5 2024

The collaboration will introduce home and contents, landlord, and motor products, with plans for further expansion.

as-ev-adoption-surges-apac-insurers-face-a-complex-drive-ahead

Nuanced underwriting and rapid adaption key to meeting surge in EV demand

March 5 2024

New risks, abundance of data, lack of service technicians, and telematics are pushing industry to adopt new underwriting approaches.

Property and motor to drive New Zealand GI growth

March 4 2024

GlobalData forecasts sector to grow by 7.3% CAGR to NZ$12.9bn (US$7.87bn) in 2028, but profitability to remain volatile due to nat cats and reinsurance rates.

Australia: Pacific International's ratings affirmed with pet and travel expected to fuel underwriting growth

March 4 2024

Despite a five-year average ROE of -0.2%, the insurer has demonstrated an upward financial trend with positive earnings recorded in FY 2022 and 2023.

Allianz Malaysia launches comprehensive EV insurance with on-the-go charging coverage

March 1 2024

Allianz General Malaysia introduces 'EV Shield' which includes a unique an on-the-spot charging service in cases of depleted batteries.

indias-non-life-providers-notch-three-quarters-of-solid-growth

India’s non-life insurers notch three quarters of solid growth

February 23 2024

Major segments thrived, while smaller lines of business like marine and liability faced challenges.

perils-pegs-initial-loss-of-australias-2023-christmas-storms-at-au1-4bn

PERILS pegs initial loss estimate of Australia's 2023 Christmas Storms at AU$1.4bn

February 14 2024

PERILS's first insurance loss estimate, for storms, that hit QLD, VIC, and NSW between 23 and 29 Dec, is AU$1.4bn (US$900m).

samsung-fire-marine-latest-insurer-to-reduce-motor-rates-amid-rising-cost-of-living

Samsung Fire & Marine follows other Korean insurers by reducing motor rates amid rising cost of living pressures

February 7 2024

Heeding call from the government, Samsung F&M spearheads 2.8% cut, with industry peers having already cut between 2.5% to 2.6%

nat-cat-infrastrucutre-and-health-demand-to-drive-vietnam-gi-growth

Nat Cat, infrastrucutre, and health to drive Vietnam GI growth

February 1 2024

GlobalData forecasts growth of segment to VND 98.3 trillion (US$3.9bn) in GWP by 2028.

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