Industry Segments: Motor Page 5 / 9
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- July 26 2022
Infrastructure projects to spur Thailand’s GI market: GlobalData
Around US$37bn has been allocated by the government towards a smart city.
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- July 15 2022
Hong Kong’s Target placed into liquidation by HKIA
The taxi insurer ran into trouble at end of 2021 as HKIA's CEO says there's "room for improvement" in the market.
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- July 15 2022
Taiwan’s GI market to hit US$9.6bn GWP in 2026: GlobalData
Growth to be driven by property, health insurance and a recovery in new vehicle sales.
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- June 24 2022
Queensland’s RACQ confirms US$69m payout from Feb, March floods
Almost 5,000 home repairs have been completed or are underway.
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- May 30 2022
India hikes third party motor liability premiums
This is the first such rise in two years and will feed into the overall cost of insuring vehicles
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- May 2 2022
Strong headwinds for India’s non-life sector: AM Best
Rating agency maintains negative outlook but says there is significant long-term growth potential.
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- March 17 2022
Generali grows APAC P&C book by 16.3%
The Italian giant is expanding in India and Malaysia.
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- March 10 2022
Electric car insurance: profitability concerns persist
As a new dawn greets Asia’s motor industry, a dearth of data presents underwriting challenges.
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- March 4 2022
Rivals circle Axa’s S$150m motor business
After HSBC purchase, without a new bancassurance partner, competitors sense opportunity in the Lion City.
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- March 2 2022
China P&C grew just 1% in 2021
Covid, motor reforms and a property crisis combined to create worst ever year for sector.
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- February 25 2022
China rule change led to 1% fall in motor revenue for Axa
CBIRC carried out a reform of motor insurance in 2020.
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- February 24 2022
Are insurers being too complacent about inflation?
Inflation may be ticking up in Asia, but insurers don’t seem too worried.
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- February 21 2022
Samsung Fire & Marine sees 42.5% profit jump despite underwriting loss
The P&C player made an underwriting loss of US$458m in FY 2021 -- an improvement over FY 2020.
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- January 26 2022
China electric car company NIO launches broker
Policy push by Beijing means cleaner energy vehicles are becoming increasingly popular.
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- January 26 2022
Indian non-life insurers grew 12.2% in 2021
Health insurance made up 33% of the non-life market last year, surpassing motor for the first time.
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- January 25 2022
South Korea’s digital insurers face tough road ahead
Digital disruption is starting with motor insurance. Deeper market penetration may prove harder.
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- January 21 2022
AM Best upgrades Taiwan’s Hotai Insurance
Taiwan's largest motor player has been improving its combined ratio in recent years.
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- January 11 2022
China was second-largest insurance market again in 2021: CBIRC
The total claims payout was US$224bn in the first 11 months of the year, the regulator said.
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- December 30 2021
China Pacific Property Insurance to get non-motor boost
Moody's report suggests agriculture could be a key source of premium growth for the P&C player.
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- December 28 2021
Tokio Marine sees NPW rise as rates harden
Domestic NPW at Japan's largest P&C player increased by 3.2% in H1 2021 while overseas premiums increased by 8.9%.
