BNP Paribas Tianxing Property and Casualty Insurance Co started operations yesterday, marking its debut by rolling out an auto insurance product line focused on the new energy vehicle ecosystem.
Foreign vehicles entering Qatar through the Abu Samra Border Crossing will be able to obtain motor insurance online before entering the country, speeding up the border entry process.
The Financial Services Authority (FSA) yesterday issued an administrative decision approving new regulatory amendments to the Unified Motor Insurance Policy Model, introducing a package of benefits aimed at expanding insurance protection for motor insurance policyholders and enhancing the quality of services provided.
The Financial Regulatory Authority (FRA) has issued a decision regulating the mechanisms and conditions for settling claims by the Egyptian Compulsory Insurance Association for Civil Liability Arising from Motor Vehicle Accidents (Compulsory Motor Insurance Consortium/Pool). The move is aimed at simplifying procedures and ensuring that those affected and their families quickly obtain their insurance rights.
The Insurance and Social Security Supervisory Authority (ACAPS) has issued a warning to motor insurance companies over practices that are deemed as infringing on policyholders' rights.
The continued increase in road fatalities in Australia underlines the need for the Commonwealth to assume a leadership role by conducting no-blame investigations into the underlying causes of the nation's worsening road safety crisis, according to Mr Michael Bradley, Managing Director of the Australian Automobile Association (AAA).
The government is undertaking public consultations on a proposed Road Accident Fund (RAF) Bill. The objective is to provide timely medical care to accident victims, cover funeral expenses and offer compensation to the injured and families of the deceased.
Major non-life insurers in South Korea have confirmed that auto insurance premiums will rise by 1.3%-1.4% this year, marking the first increase in five years since 2021.
The Insurance Association of Sri Lanka (IASL) has launched an E-Motor Insurance Digital Card and donated 500 tablets to the police, aiming to modernise motor insurance and enhance digital public services across the country.
The number of elderly drivers in a super-aged South Korea is increasing rapidly and so is the number of traffic accidents involving them. In 2020, elderly drivers accounted for 14.8% of traffic accidents; in 2024, this grew to 21.5%.