Government agencies are planning to reform new energy vehicle (NEV) insurance, including optimising benchmark premium rates for commercial auto insurance business.
Ping An Property & Casualty Insurance (Ping An P&C ) has reported a 50.4% year-on-year reduction in claims at 1,620 high-risk intersections during China's 2026 Spring Festival holiday, highlighting the potential of technology-driven risk prevention in insurance.
The Santam Group (Group), South Africa's largest general insurer, has appointed experienced industry leader Mr Curt Meyer as Executive Head of Pan-Africa and International, in its specialist business unit.
The motor insurance branch in Saudi Arabia fell short of breaking even in the first quarter of 2026, despite the significant increase in policy prices in recent months.
The Insurance Authority confirmed that it is reviewing the vehicle insurance pricing mechanism to ensure that insurance companies comply with regulatory standards, and to ensure fair and reasonable prices, according to a statement on its website.
The Saudi Insurance Authority has said that the scope of insurance coverage for drivers varies according to the motor insurance policy, according to a statement it published yesterday.
Urtrust Insurance Co is expected to maintain its underwriting advantage in the new-energy vehicle (NEV) segment through close partnerships with manufacturers and improved pricing capabilities driven by richer operational data, said Fitch Ratings.
The number of claims lodged with insurance companies across all branches stood at 993,194 in the first half of this year, 4.1% higher than the 954,299 submitted in 1H2025, according to data from the General Insurance Committee (CGA).
MSIG Hong Kong has appointed Mr Billy Wong as CUO, effective 2 September 2026.
Australian insurer Suncorp is partnering with Aussie tech company Codafication to support its property claims process.