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Motor tag returned 337 results

  • UAE: Lack of liquidity oushes insurers into price undercutting

    The lack of liquidity in the auto insurance sector, coupled with the summer holiday season, have fueled competition among insurers to reduce prices.

    Middle East | 15 Jul 2018
  • Road ahead for telematics in India may not be smooth

    In August 2017 IRDAI issued a discussion paper on the potential of telematics in insurance-premium pricing. Both, traditional and new-kids-on-the-block, online insurers, are waiting for the green light and final regulations from the regulator so that they can frame their pricing policies using granular data such as driving behaviour, distance driven and time taken for each trip, and charge premiums based on how the vehicle is driven. Collecting granular data among other things would help the industry to frame pricing policies.

    AIRPlus | 11 Jul 2018
  • India: Regulator directs insurers to abide by Supreme Court order

    The IRDAI has issued a directive asking insurance companies not to insure a vehicle unless it has a valid pollution under control (PUC) certificate. The 6 July directive follows an order from the Supreme Court in August 2017 where the issue of making PUC mandatory for insurance was first raised.

    Asia | 10 Jul 2018
  • Singaporean InsurTech start up first to participate in Thai regulatory sandbox

    Singapore-based start-up Vouch has kick started operations as FairDee in Thailand, and is the first InsurTech venture to be approved by the Office of Insurance Commission (OIC) to take part in its insurance regulatory sandbox, set up in June 2017.

    AIRPlus | 09 Jul 2018
  • Invisible insurance only achieved through disruption outside insurance value chain: actuary

    Insurance needs disruptive innovation for it to become a seamless and hassle-free 'invisible insurance' that is embedded in everything we do. And for this to be possible, the disruption needs to occur outside the insurance value chain, in the whole value chain of the customer's life to meet his needs, said actuary and risk consultant Raymond Cheung.

    AIRPlus | 04 Jul 2018
  • Australia: Insurance laws running behind autonomous cars

    With 5G wireless networks poised to go live around the world next year, Australian law is seriously lagging behind the rapid pace of technological change, warns insurance and health law firm, Barry.Nilsson.

    Asia | 04 Jul 2018
  • UAE: Auto insurance customers shun add-on covers

    Motor insurance buyers in the UAE are skipping add-on covers to reduce their premiums, new research from financial comparison site, Souqalmal.com reveals.

    Middle East | 02 Jul 2018
  • Insurance premiums for new energy vehicles forecast to exceed US$70 bln by 2030

    Demand for insurance of new energy vehicles is growing rapidly along with the sales of such vehicles. In 2017, the number of new energy vehicles insured reached 1.717 million, an increase of 47.0% year-on-year; while the volume of premiums was CNY10.16 billion ($1.53 billion), an increase of 50.4% year-on-year, according to data from the China Insurance Information Technology Management Co.

    China | 29 Jun 2018
  • RHB Insurance launches fastest platform for motor insurance purchasing

    Malaysian insurer RHB Insurance recently launched its mobile app, which provides users with the ability purchase motor insurance policies and road tax in under three minutes - currently the fastest in the financial industry.

    AIRPlus | 28 Jun 2018
  • Saudi Arabia: Women drivers to improve motor insurance results

    The lifting of the ban on women driving will have a positive impact on the Saudi insurance market as it will add a new segment of customers, which will improve the long-term results of vehicle insurance, as the number of insured vehicles will increase, according to Mr Adel Abdulaziz Al-Essa, spokesman for the insurance industry.

    Middle East | 27 Jun 2018

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