The Insurance and Private Pension Regulation and Supervision Agency's new regulation on determining totally wrecked and severely damaged vehicles has entered into force, starting an era in which grievances about damaged vehicles and unregistered practices in the sector will be reduced.
The Ghana Revenue Authority (GRA) has implemented a 15% Value Added Tax (VAT) on non-life insurance premiums, starting on 1 July 2025.
The Moroccan insurance sector is entering the second half of 2025 with very favourable momentum, despite the significant disruptions affecting the global economy, according to the Moroccan Insurance Federation (FMA).
Commercial car insurance premium rates have increased by more than 300% since the beginning of the year. The spikes in motor premiums affect all vehicle categories, large and small as well as those of high-value and medium-value
The motor insurance branch in Algeria reached DZD22.6bn ($175.3m), in the first quarter of this year, an increase of 4.9% or DZD1bn compared to the corresponding quarter in 2024, according to statistics released by the National Insurance Council (CNA).
Cambodia's insurance regulator, the Insurance Regulator of Cambodia (IRC), launched a campaign to drive public outreach on mandatory coverage in the country's Ratanakiri province, news platform Khmer Times stated.
Over 60% (62%) of Electric Vehicle (EVs) owners in Australia are concerned about the lack of qualified repairers in their area. Additionally, 90% of EV owners - or those intending to purchase an EV - say it's important that their insurer has access to qualified EV repairers according to a new report by NRMA Insurance.
The UAE's auto insurance sector has seen a significant increase in premiums, exceeding 40% in some cases, raising questions from the Federal National Council, a consultative council whose functions include passing, amending or rejecting federal draft laws and discussing international treaties and agreements. Some insurers are charging double for third-party cover and imposing deductibles of up to 15%.
Driven by increased demand for motor insurance and higher takaful contributions, Brunei Darussalam's insurance sector has reported slight optimism for April 2025, according to the Business Sentiment Index (BSI), published by the regulator, Brunei Darussalam Central Bank.
Taiwan's domestic non-life insurance premium continued to increase in 2024, growing 10.5% to reach TWD278.5bn ($9.2bn), according to a new report by AM Best.