New regulatory criteria announced by Saudi Arabia's Insurance Authority for motor insurance pricing should strengthen underwriting discipline, reduce excessive price competition and support the long-term sustainability of the motor insurance segment, Moody's Ratings (Moody's) says.
India's insurance regulator has proposed limits on distribution costs and commissions as part of a broad overhaul aimed at reducing the cost of insurance and strengthening safeguards for policyholders.
The compulsory motor third-party liability (CTPL) insurance branch in China continued to expand in 2025, with the number of insured motor vehicles reaching 386m, increasing by 3.8% year on year, according to a statement issued by the National Financial Regulatory Administration (NFRA).
As part of its 'New Generation, Safe Driving, Mindful of the Compulsory Motor Vehicle Insurance Act 2026' project, aimed at educating youths about compulsory motor vehicle insurance and fostering road safety awareness, Thailand's regulator, the Office of Insurance Commission (OIC), collaborated with Chachoengsao Technical College, in Chachoengsao Province, to reach out to students at an event.
Income Insurance has detailed its progress in advancing a responsible transition in its 2025 Sustainability Report, titled 'Here for Tomorrow'.
Government agencies are planning to reform new energy vehicle (NEV) insurance, including optimising benchmark premium rates for commercial auto insurance business.
Ping An Property & Casualty Insurance (Ping An P&C ) has reported a 50.4% year-on-year reduction in claims at 1,620 high-risk intersections during China's 2026 Spring Festival holiday, highlighting the potential of technology-driven risk prevention in insurance.
The Santam Group (Group), South Africa's largest general insurer, has appointed experienced industry leader Mr Curt Meyer as Executive Head of Pan-Africa and International, in its specialist business unit.
The motor insurance branch in Saudi Arabia fell short of breaking even in the first quarter of 2026, despite the significant increase in policy prices in recent months.
The Insurance Authority confirmed that it is reviewing the vehicle insurance pricing mechanism to ensure that insurance companies comply with regulatory standards, and to ensure fair and reasonable prices, according to a statement on its website.