Ping An's overseas investment arm Ping An Global Voyager Fund has led a $70m Series D funding in Indian auto technology company CarDekho alongside Sequoia Capital and Hillhouse Capital. This is the insurance group's first venture investment in India.
As Malaysia's general insurance market undergoes a phase of transformation and liberalisation, insurers have been urged to keep up with the times by embracing new competitive parameters such as risk-based pricing, tailored services and product innovation.
In partnership with insurer NTUC Income, online automotive marketplace Carro has launched Singapore's first true usage-based insurance (UBI) programme bundled exclusively into its car subscription service.
The National Insurance Commission (NIC) will soon launch a comprehensive electronic database to deal with the increasing number of fake motor insurance stickers.
Non-motor premiums in China will continue their strong growth of recent years from a broad range of business lines in the next 12-18 months, predicts Moody's Investors Service in a report on the P&C insurance sector.
The IRDAI has proposed changes to regulations concerning the structure of motor own-damage insurance policies that can make the plans simpler.
SCOR subsidiary and InsurTech solutions provider ReMark has partnered with Indonesian insurer Sequis to develop the latter's online insurance business unit which has now been rebranded as 'Super You'.
The number of vehicles in Turkey covered by own-damage motor insurance is declining. One reason cited for this situation is that vehicle owners want to cut costs because they are feeling the impact of the economy.
The General Administration of Traffic is linking drivers with traffic violations to motor insurance, a move which is seen as benefitting the insurance industry.
Almost three quarters (73%) of UAE residents surveyed in a recent study admit to road rage "often" or "sometimes" while driving.