IRDAI has permitted general insurance companies to introduce tech-enabled concepts for the Motor Own Damage (OD) cover in order to offer customers usage-based insurance covers as add-ons to the basic…
Insurance companies will soon offer vehicle owners analytics-based insurance that include ‘pay as you drive’ policies and covers where the premium varies according to driving behaviour. Companies have also been…
The Centre approved the revised base premium rates for third-party motor vehicle insurance on Wednesday. From June 1, 2022, these new rates will come into effect. These rates were last…
The motor insurance industry in Asia-Pacific (APAC) is projected to grow from $226.0bn in 2020 to $294.2bn in 2025, in terms of written premiums, according to GlobalData, a leading data, and…
Edelweiss General Insurance (EGI), one of India’s fastest growing InsurTechs, has partnered with PhonePe, a market leader in the digital payments space, to offer quick and easy, digital motor insurance…
Malaysian general insurers’ growth is expected to slow down in 2021 due to decline in vehicle sales and motor insurance due to halt in production driven by global automobile chip…
Liberty General Insurance Ltd, one of the leading general insurance companies in India, strengthened its partnership with PhonePe to offer motor insurance digitally. Through PhonePe, Liberty General Insurance’s motor insurance…
Introduction Change is the only thing that is almost always constant. Organisations have to keep revamping their business strategies from time to time to grow their business and capture a…
Gross direct premium underwritten by the general insurance industry came down 4.41% in September as motor insurance and crop insurance businesses remained under stress. IRDAIA data revealed that general insurance…
With slew of new car models being launched and the festival season round the corner, the automobile sector is expected to pick up pace in the coming months and with…