China's motor insurance branch chalked up an underwriting profit of CNY13.50bn for 1H2024, jumping by 56.8% compared to the first half of 2023, according to an analysis of the financial performance of the non-life sector.
The motor insurance branch showed that premiums rose in the second quarter of this year, compared to the first quarter.
Nasdaq-listed Cheche Group, a leading auto insurance technology platform in China, has entered into a partnership with Wuhan Dongfeng Insurance Broker Co as Cheche further diversifies its partner network with leaders in the new-energy vehicle (NEV) sector.
Qatar Insurance Company (QIC), the leading insurer in Qatar and the MENA region, has announced a strategic restructuring of its UK motor business.
The General Insurance Association (GIA) of Singapore has launched its Myinfo Reporting service.
The insurance industry in Cambodia is expected to see good growth in future years, according to the director-general of the Insurance Regulator of Cambodia (IRC), Mr Bou Chanphirou.
Tesla has registered an insurance broking firm in China, reported Reuters citing a national corporate information database.
Shanghai-headquartered SunCar Technology Group, which operates online platforms that offer B2B auto services and motor insurance in China, has formed a new business partnership with the Inner Mongolia branch of China Continent Property & Casualty Insurance.
Saudi Arabia's Health Sector Transformation Programme has reported a 54% decrease in the traffic accident death rate in 2023, with the rate falling to 13.6 deaths per 100,000 people, compared to 28.41 deaths per 100,000 people in 2016.
The Financial Services Authority (OJK) is currently preparing for the implementation of compulsory motor third-party liability (TPL) insurance.