Browsing: motor insurance

Concerns over larger vehicles and their impact on insurance costs

An analysis of how the Motor Vehicles (Compulsory Insurance) Act 2022, post-Brexit, affects employers’ liability and motor insurance policies concerning work-related vehicle accidents.

An analysis of the UK insurance market in 2024 and predictions for 2025, focusing on market softening, key trends, and strategic advice for businesses.

The Insurance Regulatory and Development Authority of India (IRDAI) has issued a directive mandating that insurance companies provide coverage for employees traveling in their employers’ vehicles under the compulsory motor third-party (TP) policy. Importantly, the IRDAI stated that no additional premium will be charged until further instructions.

emPLE Insurance introduces Flexi offerings to provide affordable and customizable coverage for Nigerian vehicle owners.

A recent analysis of complaints against insurance companies in Nigeria reveals billions in disputed claims, with group life assurance topping the list.

Insurers paid out over £11 billion last year, putting a strain on household finances, as vehicle repair costs and thefts continue to escalate.

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.