The main prerequisite for various key initiatives of the general insurance industry is a relationship of trust with customers and business partners and disciplined activities, according to Mr Keisuke Niiro, chairman of the General Association of Japan (GIAJ).
In New Zealand vehicle insurance is the number one thing that people complain about to the Insurance & Financial Services Ombudsman Scheme (IFSOS). Vehicle insurance complaints constituted 23% of all complaints the IFSOS investigated in the past year.
The new unified motor third-party liability insurance policy will see the light before the end of this year, according to the head of the Insurance Regulatory Unit (IRU), Mohammed Sulaiman Al-Otaibi.
The government has issued a decree regulating compulsory motor third-party liability insurance.
Dhipaya Group Holdings has launched Insurverse, said to be Thailand's first digital-only insurance company to meet the needs of the younger generation's digital lifestyles.
The overall CX (customer experience) quality of Singapore's home and auto insurers improved steadily from 2018 to 2021, it suffered a setback in 2022 and has remained flat so far in 2023, according to Forrester, a research and consulting firm focussed on customer dynamics.
The Financial Services Agency's investigation into pricing collusion in auto repairs by Japanese property and casualty insurers, including Sompo Japan Insurance (SJ), could add to the major insurer's rising social risks, says global credit rating agency Moody's.
The average annual car insurance premium charged by the majority (65%) of motor insurers in the second quarter of this year was less than CNY2,000 ($273), according to an analysis of data disclosed in the insurers' 2Q2023 solvency reports.
The number of vehicles running on the roads of Turkiye is around 27.525m, of which 5.626m are uninsured, according to official data.
Japan's Financial Services Agency plans to conduct on-site inspections of Bigmotor Co and Sompo Japan Insurance as early as mid-September as part of an investigation into fraudulent auto insurance claims by the used car dealer.