Motor

south-koreans-db-insurance-takes-vietnamese-bull-by-the-horns-with-75-stake-in-saigon-hanoi-insurance

South Korea's DB Insurance takes Vietnamese bull by the horns with 75% stake in Saigon-Hanoi insurance

June 19 2023

DBI strengthens its Vietnamese presence further, following its acquisition of a 75% stake in Aviation Insurance in February.

iag-expects-to-exceed-perils-allowance-for-the-seventh-time-in-eight-years

IAG expects perils cost to hit AU$2.9bn (US$1.99bn) and exceed perils allowance for the seventh time in eight years

June 15 2023

At its Investor Day, IAG executives revealed rate hikes, expected perils costs, and expected business achievement for 2023.

indias-online-insurer-policyboss-gets-series-b-funding-boost-1

India's PolicyBoss gets Series B funding lift

June 8 2023

The funds are going to be used to improve the digital insurer's technology infrastructure and strengthen its last-mile presence.

hong-kong-liquidated-target-insurance-claims-it-is-close-to-securing-funding-of-us680m-for-new-uae-venture

Hong Kong: Liquidated Target Insurance claims it's close to securing funding of US$680m for new UAE venture

June 6 2023

While liquidators are still working to recover money from its Hong Kong business, Target announced they'd received letters of intent to fund its UAE subsidiary, Himalayas Insurance.

MGA & Lloyd's syndicate Volante launches Singapore Office

June 1 2023

Veteran Amy Fu will lead the office as the (re)insurer seeks to build its presence across Asia Pacific.

motors-underwriting-crash-sees-hong-kongs-pc-profits-slump-40

Q1 sees Hong Kong's P&C profits slump 40% as motor underwriting crashes

May 31 2023

Despite gross premiums remaining steady, underwriting profit dropped to HK$485m in the first quarter.

ica-declares-hunter-and-central-coast-hailstorm-as-a-significant-event-6021-of-7552-claims-motor-related

ICA declares NSW hailstorm a significant event - 6021 of 7552 claims motor related

May 29 2023

The destructive hailstorm occurred on Friday 26th May in the Hunter and Central Coast regions of New South Wales.

A photo of a boxing ring. BYD and XPENG logos in top left corner.

China's motor insurance market heats up as EV manufacturers enter the fray

May 18 2023

Earlier in May, BYD received regulatory approval to purchase Yi’an P&C. Now XPENG has announced that its partnered with eight Chinese insurers.

A contrasting photo of bright peaks and night time valley.

Contrasting outlook for private and public insurers as Indian industry GDPI looks set to reach US$36.5 billion in two years: ICRA

May 18 2023

The analytics firm sees healthy growth driven by private insurers, while three PSU's are likely to need significant government support.

IAG's Firemark Ventures invests in deep-learning vehicle inspection specialist Ravin AI

May 11 2023

The investment will allow IAG to explore potential benefits of the solution across IAG's brands.

A photo of two motor vehicles in an accident.

Independent review of Australia's motor repair code of conduct: Dr Schaper recommends removal of those who do not comply

May 11 2023

Dr Shaper made 15 recommendations to update the MVIRI code, in line with current technology and regulatory changes.

A photo of a BYD dealership with a couple walking in.

BYD to acquire Yi'an P&C, become first automaker to own insurance firm in China

May 10 2023

As the world's largest EV manufacturer, BYD has access to data that motor insurers can only dream of.

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