Motor

RACQ Chief hints that insurer could leave Queensland's CTP scheme if more equitable approach is not adopted

May 8 2023

David Carter called for a premium equalisation system, which would debit insurers with better than average risk and credits insurers with below-average risk.

Reliance General and Gallagher ink deal to cover 300,000 delivery drivers across India

May 3 2023

The deal will see insurance coverage provided to the delivery partners of Swiggy, an on-demand delivery platform.

Double-digit GWP growth for Korean Re thanks to new financial solutions product

May 3 2023

Despite large commercial and natural disaster losses, strong results achieved thanks to new coinsurance product along with global market hardening.

An aerial photo of Hong Kong-Zhuhai-Macao Bridge.

Hong Kong Motor Insurers set for July launch of first cross-boundary insurance products

May 2 2023

The 'Unilateral Recognition' products cover Hong Kong and Mainland China.

Photo of house and cars flooded in Australia.

PERILS updates loss estimate for October Southeast Australian floods to AU$907 million

April 28 2023

Personal property lines comprise 65% of the loss, followed by commercial property (25%) and then motor (10%).

Igloo and Circle K partner to expand insurance accessibility in Southeast Asia

April 27 2023

For the first time in Asia, convenience stores will sell non-life insurance - beginning with motor insurance in Vietnam

India: ACKO launches battery insurance product for EVs

April 18 2023

The move comes amid concerns from consumers about replacement costs for EV batteries

India: Insurance brokers' double their share of non-life business over 10 years

April 12 2023

Brokers' share of business hits 35%, while individual agents and direct business decreases.

Photo of judges hammer. Insurance Authority and Target Insurance logos in top left and top right.

Target insurance end challenge against Insurance Authority

April 4 2023

In January 2022, IA made the decision to appoint external managers in order to protect policy holders

Picture of Singapore's garden by the bay.

Singapore general insurance achieves 15% GWP increase in 2022

March 23 2023

The sector achieved growth of 15% in GWP and underwriting performance rise of 20.3%

GIA extends technology partnership with Shift Technology for Fraud Management and Detection

March 19 2023

The partnership strengthens after 5 years of working together

Flooded tennis courts and building in St Lucia, Queensland during 2022 floods.

Largest floods in AU history estimated at AU$6.5 billion (US$4.3 billion) - PERILS

March 15 2023

90.5% of the losses are attributed to property lines

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