A risk-based insurance grading system for new energy vehicles (NEVs) is being established in China. This system will classify NEVs based on indicators such as safety, repair economy, and parts-to-vehicle ratio, with different base premiums applicable to different vehicle grades.
A new force is quietly dismantling the auto insurance landscape, and it isn't coming from the financial sector. It is coming from the auto assembly line.
The Big Three P&C insurers in China have achieved underwriting profits for new energy vehicle (NEV) insurance for the first time in 2025, driven primarily by strong performance and stabilisation within their private passenger NEV business.
1,300 participants from 175 companies across 27 countries gathered at the Grand InterContinental Seoul Parnas in Gangnam, Seoul from June 10 to 11 to discuss how artificial intelligence, cyber risk, and mobility innovation are reshaping the future of insurance. Participants assessed how the insurance sector must adapt to rapidly evolving technologies and interconnected risks that are redefining traditional underwriting and claims approaches.
The Financial Services Authority (FSA) has issued a circular to all insurance companies licensed to provide motor insurance, mandating the maintenance of a minimum level of underwriting for electric vehicles (EVs) in proportion to the size of their respective motor insurance portfolios.
Abu Dhabi National Insurance Company (ADNIC) has announced the appointment of Mr Jugal Madaan as Acting CEO.
The first three months of this year represent an encouraging but narrowly concentrated step forward for the Saudi insurance industry, with a few standout exceptions, according to international actuarial and risk solutions company BADRI Management Consultancy.
The risk protection landscape of China's intelligent connected vehicle sector is being quietly restructured.
The Australian state of Victoria has recorded a surge in motor vehicle theft claims, countering the national trend as every other major state has seen declines. The Insurance Council of Australia, citing data from the Insurance Statistics Australia, said Victoria's theft claims rose 25 percent between 2024 and 2025, while incurred costs jumped 37% to A$243m ($173.2m) across more than 12,500 claims. The state's total losses exceeded the combined value of theft claims in Queensland, New South Wales, South Australia, and Western Australia.
The Guinean Professional Association of Insurers (APAC) has launched a campaign to digitise car insurance certificates. This is a major step forward in modernising the insurance sector in Guinea.