Line of business: Motor Page 7 / 11
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- December 13 2022
China’s easing Covid norms to help non-life underwriting performance: AM Best
Non-life insurers in China posted a healthy 20% earnings growth this year till September.
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- November 25 2022
Motor profitability to drive China P&C, outlook revised to stable: Moody’s
Premium growth will remain solid over the next 12-18 months.
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- October 20 2022
HKIA welcomes policy proposals to facilitate cross-border GBA cover
Hong Kong chief executive John Lee is targeting after-sales insurance service centres in Nansha and Qianhai.
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- September 28 2022
Higher loss ratios driving up China NEV insurance rates: report
Electrical vehicle cover 20% more expensive than conventional cars because they are more prone to fire and parts are more expensive.
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- September 26 2022
Malaysia’s Pacific & Orient suffers from lack of diversification: Fitch
The firm's COR was 96% in FY 2021 compared with 107% in FY 2020, with a three-year average of 100%.
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- September 19 2022
Chinese P&C carriers ‘step up coverage’ as extreme weather looms
With urban flood damage estimated to rise to US$77bn in 2030, insurers are diversifying from motor to property and agriculture lines, Morgan Stanley report.
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- September 9 2022
Korean digital insurer Carrot plans to go public by 2025
The Hanwha-owned carrier was valued at US$850m after a US$217m third-round fundraising.
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- August 3 2022
APAC (re)insurers prioritise pricing amid inflation pressure
APAC non-life GWP and rates will continue to climb, but the pace of growth is a mixed picture across the region.
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- August 1 2022
Malayan Insurance COR hampered by fire and cat losses: AM Best
The company reported a five-year average combined ratio of 101.4%.
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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.
