BYD Insurance Brokerage has officially ceased operations, with its business registration status recently changed from "Active" to "Deregistered," according to public filings.
China will soon bring in mandatory safety requirements for driving assistance systems in the country. China's Ministry of Industry of Information Technology recently put forward a proposal to this effect.
The Motor Trades Association of Australia (MTAA) has expressed deep disappointment at the decision by the Australian Competition and Consumer Commission (ACCC) to approve Insurance Australia Group's (IAG) acquisition of RACQ's insurance operations.
A Bill has been submitted to the Turkish Grand National Assembly to amend the Highway Traffic Law, which when passed will make motor third-party liability insurance compulsory for electric scooters.
Tune Protect Group started its new financial year encouragingly in 1Q25 with 100% y-o-y growth of profit after tax (PAT) on the back of notable net insurance service result. Tune Protect Group CEO How Kim Lian, highlighted several factors that drove the insurer's strong financial performance in 1Q25.
The Insurance and Private Pension Regulation and Supervision Agency (SEDDK) has published a circular concerning the motor insurance premium/equity coefficient.
Despite strong policy support and rapid technological advancements, China's NEV market is facing mounting consumer dissatisfaction.
Car insurance premiums have almost doubled in the last two years for some car owners in New Zealand according to a study conducted by Consumer NZ.
Recently, 65 insurers had disclosed their average premium per vehicle. The data shows that per-vehicle premiums ranged from a high of CNY5,600 ($784) (Hyundai Insurance) to a low of CNY608.17 (Xin'an Auto Insurance). Among them, 42 insurers - more than 60% - reported average premiums below CNY2,000($280). Nearly 60% of companies saw year-on-year increases.
These are the updates on insurance regulation across China this week.