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Motor tag returned 341 results

  • China: ZhongAn in strategic alliance to drive auto insurance

    ZhongAn Online P&C Insurance and Shanghai Cango Investment and Management Consultation Service have entered into a strategic cooperation framework agreement, to serve the automotive retail industry by offering insurance in a new automotive ecosystem that also spans areas such as automotive retail, finance and aftermarket auto parts.

    Asia | 19 Jul 2018
  • Tech partnerships remain a priority for (re)insurers

    (Re)insurers continue to prioritise investing in technologies with potential applications to their core reinsurance business, according to Willis Towers Watson's (WTW) latest edition of its Quarterly InsurTech Briefing.

    AIRPlus | 18 Jul 2018
  • UAE: Motor premium rates dip in 1H

    Insurance premiums in the UAE declined by an average of AED169 ($46) or 8% in the first half of this year for the most insured car brands compared to the same period last year, according to a study from comparison site InsuranceMarket.ae and the classifieds platform dubizzle.

    Middle East | 18 Jul 2018
  • Kuwait: Minor accident settlement law saves time

    Kuwait has activated a law that allows motorists to settle minor traffic accidents at police stations, cutting down on the amount of time needed to resolve such issues, the Interior Ministry has said.

    Middle East | 18 Jul 2018
  • UAE: Lack of liquidity pushes insurers into price undercutting

    The lack of liquidity in the auto insurance sector, coupled with the summer holiday season, have fuelled 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

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