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Increasing motor loss ratio signals increase in motor premium
The month of November 2024 saw motor insurance loss ratios surge for major motor insurers in South Korea. As the loss ratios breached the...
Jan 32 min read
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Motorcycle liability claims payout ratio increases
Motorcycle liability insurance premiums totalled VND431.8bn ($17.6m) in the first half of 2024, with claims amounting to nearly VND42bn,...
Sep 18, 20241 min read
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General insurance industry to reach US$3.8bn in 2028
The Philippines' general insurance industry is set to grow at a compound annual growth rate (CAGR) of 9.5% from PHP145.4bn ($2.6bn) in...
Jun 21, 20243 min read
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General insurers form group to study EV insurance
The Thai General Insurance Association (TGIA) has established a working group to study insurance for electric vehicles (EVs), according...
Jun 7, 20242 min read
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EVs are a growing opportunity for insurers, but pose near-term challenges
Global sales of electric vehicles (EVs) are growing fast and emerging as a new risk pool for the motor insurance industry, according to...
Jun 5, 20242 min read
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Regulator advises judicious pricing of EV insurance
The Financial Services Authority (OJK) is urging general insurance companies to develop risk mapping for electric vehicle (EV) insurance,...
May 23, 20241 min read
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Webinar on Enhancing Motorcycle Safety through Insurance Awareness | 5 April 2024
The U.P. National Center for Transporation Studies (UP NCTS) in collaboration with the Philippine Insurers and Reinsurers Association...
Mar 26, 20241 min read
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Regulator increases death benefit in mandatory motor insurance
The lnsurance Commission (IC) has revised the death indemnity limit for third-party liability for all Compulsory Motor Vehicle Liability...
Feb 14, 20242 min read
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