Growth in South Korea's auto insurance market slowed last year due to intensifying competition and lower premiums, , according to the data by the Financial Supervisory Service.
The distribution of general insurance outside large cities in India is poor, resulting in non-life penetration in the country standing at a low 0.7%.
The Hong Kong Federation of Insurers (HKFI) is in the process of creating an e-platform on blockchain that would record and track data related to motor insurance in the territory.
Third pary liability insurance can be helpful in minimising financial losses resulting from electrical accidents, Minister for Energy, Water Resources and Irrigation (MoWERI), Barshaman Pun, has said.
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