Industry Segments: Motor Page 9 / 10
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- January 11 2021
Zhejiang Geely takes 33% stake in Union P&C
Chinese automaker investment comes amid motor insurance reforms.
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- December 28 2020
China warns insurers over ‘arbitrary’ expansion
The new CBIRC regulations come amid an environment of increased government oversight.
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- December 14 2020
Queensland’s October hailstorm losses reach US$927m: Perils
Market claims have surged since November.
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- December 2 2020
Allianz swoops on Westpac’s P&C arm in US$535m deal
German giant underwrites the bank's business, motor and travel books.
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- October 21 2020
Slowdown means Malaysia’s P&C market to continue to take a hit
Pandemic disruptions are creating a long road to recovery for the sector.
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- October 7 2020
As IAG confirms US$99m settlement, Allianz also faces penalties
Aussie insurers have come under increasing regulatory and public scrutiny in recent years.
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- October 7 2020
Demand could see Asia’s motor GWP increase US$30bn by 2023
China saw a 16% increase in new vehicle sales in July in this key market.
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- September 28 2020
Tesla’s big data disruption to spark insurers into action
The electric car giant is well-placed to make a market splash but challenges remain.
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- September 21 2020
Axa Korea sale sees rocky start as single bid comes in
One expected contender dropped out at the last minute.
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- September 18 2020
China’s P&C outlook stable as GWP climbs: Moody’s
(Re)insurers can expect "ongoing diversification" to lines such as agriculture and liability.
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- September 4 2020
CBIRC steps up motor market reforms, supervision
Regulatory oversight is being strengthened.
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- August 26 2020
Motor claims drop in Japan and Korea amid lacklustre growth
There are mixed fortunes for P&C players operating in the two countries.
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- August 18 2020
Malaysia’s P&C sector sees “steepest” ever H1 GWP drop
Road to recovery will be long and arduous says the country's General Insurance Association.
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- August 14 2020
South Korea’s P&C players hit by US$40m rain losses
The longest monsoon in the country since 2013 has flooded thousands of vehicles and homes.
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- August 13 2020
Tesla registers Shanghai broker: report
The US electric vehicle specialist could use data capture to develop driver profiles.
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- July 10 2020
Chinese motor reforms are “credit negative” for insurers: Moody’s
The regulator's sweeping changes could increase loss ratios from 60% to 75%.
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- June 16 2020
Locked down India sees P&C premiums fall 9% in May
India has been one of the hardest hit countries in Asia by Covid-19.
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- June 10 2020
Electric car risks to multiply as Asia sales ramp up
Amid a growing market, especially in China, product liability cover needs to be improved.
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- June 5 2020
India’s motor claims surge over 50% as traffic restarts
However the country is still in lockdown -- which has now surpassed 70 days.
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- April 20 2020
Youi joins Australia’s insurers in premium help amid Covid-19
The firm is offering 15% cashback on motor premiums for the next three months.
