A member of the board of the Insurance Association of Turkiye (TSB) has called for issues related to compulsory motor third-party liability insurance (traffic insurance) to be resolved so that attention can be focussed on other matters.
Nasdaq-listed Beijing-headquartered Cheche Group, a leading auto insurance technology platform in China, has said that its long-term plans include extending its partnerships with auto manufacturers beyond China.
Vehicle owners are complaining that some insurance companies have been refusing to sell them comprehensive insurance. Instead, the insurers offer them motor third-party liability insurance.
China's motor insurers are being plagued by companies offering vehicle pool coverage and deceiving consumers by exploiting the names of big-brand insurers such as Ping An and Taikang.
Australian road deaths climbed by 4.9% in the year to 31 October 2024, according to the Australian Automobile Association (AAA), citing statistics from the Bureau of Infrastructure and Transport Research Economics.
Insurance companies in the UAE reported a loss of AED445.4m ($121.3m) in the motor branch in 2023, according to data issued by the Central Bank.
The Insurance Association of China (IAC) has released two claim service standards. These are the "Personal Insurance Claims Service Norms" and "Motor Insurance Claim Service Norms".
Urgent measures are needed in the compulsory motor third-party liability insurance branch (dubbed 'traffic insurance'), says AcnTURK Insurance general manager, Mr Ali Murat Disci.
Nasdaq-listed SunCar Technology Group, engaged in cloud-based B2B auto services and auto e-insurance in China, has entered into a strategic partnership with Wuhan JIDU Automobile Service Co to provide its cutting-edge insurance technology platform to auto buyers and customers across China.
New-energy vehicle (NEV) insurance premiums reached CNY90.7bn in the first 10 months of this year, jumping by 52.7% compared to the corresponding period in 2023.