The Financial Services Authority (OJK) is carrying out a study on premium rate adjustments in electric vehicle (EV) insurance, taking into account the different risk characteristics of EVs compared to conventional vehicles.
Thailand's insurance regulator, the Office of the Insurance Commission (OIC), has revealed the road accident statistics from the seven-day travel period related to Songkran.
Most repudiations of motor insurance claims are driven not by administrative or technical factors, but by preventable driver behaviour and non-compliance with traffic regulations and responsible driving practices, says the South African Insurance Association (SAIA).
Murugappa Group has announced the appointment of Mr Rajive Kumaraswami as the new Managing Director of Cholamandalam MS General Insurance, effective 1 June 2026.
The Actuarial Society of South Africa (ASSA) has released a research paper advocates replacing the current Road Accident Fund (RAF) system with a robust, financially stable hybrid solution that will fairly and timeously compensate future road accident victims.
The Financial Supervisory Service announced that, together with the Korea Insurance Development Institute and non-life insurers, refunded KRW1.36bn ($1.0m) in improperly inflated motor insurance premiums to 2,289 victims of auto insurance fraud last year, reported Yonhap news.
The move by the Queensland government to introduce reforms related to the use of e-mobility devices on roads and footpaths has been welcomed by the Insurance Council of Australia (ICA). There has been a surge in serious injuries and deaths due to these e-mobility devices.
Beijing is the first city in China to launch the development and application of commercial insurance for intelligent connected new energy vehicles (NEVs). The initiative aims to upgrade existing NEV insurance and enable unified coverage for L2-L4 intelligent connected vehicles, according to Xinhua News Agency.
Thailand's insurance regulator, the Office of the Insurance Commission (OIC), recently instructed a delegation and a number of insurance companies to raise public awareness about the importance of travel insurance.
As part of its expansion in Australia, Sompo has recruited a highly experienced team of local underwriters who bring established expertise across property, casualty, financial lines, energy and construction.