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Motor tag returned 379 results

  • 1H2018 results show wide divergence between motor & non-motor lines

    The five Hong Kong-listed traditional Chinese property and casualty (P&C) insurers reported weaker profitability in the first half of 2018, which testifies to continued challenges in their predominant motor business, says Moody's Investors Service.

    China | 21 Sep 2018
  • Chinese motor industry faces structural challenges

    According to the China Association of Automobile Manufacturers (CAAM), domestic vehicle sales increased 3% y-o-y in 2017, to 28.88m units, a sales increase far lower than the 10% rise seen in 2016. The slower growth was due to higher taxes on smaller cars and subsidy adjustments on electric vehicles. Passenger car sales increased 1.4% (among those SUV sales rose by 13.3%, to 10.25m units), while sales of minibuses/multi-purpose vehicles dropped 20% and 17% respectively. Commercial vehicles recorded robust demand with sales increasing 14%, to 4.16m units. In 2018 it is expected that vehicle sales will increase as much as 5% y-o-y.

    AIRPlus | 18 Sep 2018
  • Egypt: Insurers consider third party motor liability insurance pool

    The Insurance Federation of Egypt is studying the establishment of a mandatory motor third party liability pool whose members will be all the companies listed in this class of insurance.

    Middle East | 18 Sep 2018
  • China: Improvement in motor profitability seen as limited

    Improvement in profitability for motor insurance in China will be limited until there is significant industry consolidation, says Moody's Investors Service in reports released last week.

    Asia | 17 Sep 2018
  • India: Supreme Court steps in again to crack down on uninsured vehicles

    The Supreme Court yesterday ordered all states to amend Motor Accident Claims Tribunal (MACT) rules to make it mandatory to auction uninsured vehicles involved in an accident and transmit the proceeds to the victim or his beneficiaries.

    Asia | 14 Sep 2018
  • Turkey: Costs rising fast in motor insurance

    Data from the Turkey Insurance Association show that the gap between the total own-damage motor premium that insurance companies produce and the compensation they pay is narrowing.

    Middle East | 13 Sep 2018
  • Singapore: 70% of parking demand can be cut with driverless cars

    It could well be likely that parking needs in Singapore can be reduced by 70% or more, according to preliminary findings by researchers at the Singapore - MIT Alliance for Research and Technology (SMART) and MIT Senseable City Lab (SCL), together with SCL's collaborator Allianz.

    AIRPlus | 06 Sep 2018
  • New Zealand: 60% of young drivers are insured

    Only 59% of Kiwis aged 18-34 have car insurance, possibly because the cost for under-25s is so high, says the Commission for Financial Capability (CFFC), a government funded entity which builds financial capability to equip retirees.

    Asia | 05 Sep 2018
  • India: Multiple-year motor policies made available

    With effect from 1 September, general insurers have been required to offer only three-year motor third party insurance covers for new cars and five-year motor third party cover for new two-wheelers.

    Asia | 03 Sep 2018
  • Saudi Arabia: Insurers clarify drivers are added to auto policy without a fee

    Insurers do not charge a fee for adding drivers to a motor insurance policy, Mr Adel Abdulaziz Al-Essa, a spokesman for the insurance industry, has clarified.

    Middle East | 02 Sep 2018

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