Browsing: motor insurance

Premium growth in non-life insurance took a hit in February, impacted by changes in accounting norms, alongside a slowdown in the health and motor insurance segments.

Budget Direct Insurance has announced the launch of a new commercial vehicle insurance product in Singapore, targeting businesses that rely on vehicles for their daily operations. The move comes as Singapore’s insurance market is predicted to experience significant growth.

Lang’ata Member of Parliament Jalang’o is set to introduce a bill that aims to reform motor vehicle insurance, focusing on compulsory cover, fair compensation, and improved policyholder benefits.

The National Insurance Commission held a symposium in Wa to discuss motor insurance and the Motor Compensation Fund, with a focus on passenger safety and verification of vehicle insurance.

The Australian code administration committee (CAC) has released a draft of its updated motor vehicle insurance and repair industry code for public consultation.

Insurers are reporting a rise in fraudulent claims involving manipulated images of vehicle damage, contributing to increased motor insurance costs.

Pearson Ham’s latest data reveals continued declines in home and motor insurance premiums, though the pace of reduction is slowing.

Rahul Matthan discusses the potential pitfalls of over-reliance on personal data in insurance risk assessment.

AM Best’s report highlights the resurgence of Thailand’s non-life insurance sector, driven by increased premiums and improved underwriting gains.

The Kano State Commissioner of Police held discussions with transport stakeholders regarding the ongoing enforcement of third-party motor insurance.