Tuesday, July 16, 2024

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Insurance

BYD Acquires an Internet Insurance Company for $530M

According to Chinese commercial information query platform Tianyancha, BYD’s proposed acquisition worth 3.6 billion yuan ($530 million) for Yi’an Property Insurance Co., Ltd. was...

Usage-Based Auto Insurance Takes Center Stage as Satisfaction Flatlines

A record high number of serious collisions, skyrocketing used-vehicle prices and surging repair costs have created an unenviable scenario for auto insurers: raise rates...

New Energy Vehicle Companies Enter Insurance Industry

Since the beginning of this year, many Chinese new energy vehicle companies have entered the insurance industry by acquiring or setting up insurance brokers....

Why is NIO setting up an insurance unit?

NIO recently incorporated an insurance brokerage company, which has prompted some readers to ask why it did so. The background of NIO's move is that...

Government action needed to ensure insurance against major hacking of driverless vehicles, experts warn

Government action is needed so driverless vehicles can be insured against malicious hacks which could have potentially catastrophic consequences, a study says. The software in...

Global Automotive Insurance Market 2021 – In-vehicle Electronics to Drive New Connected Vehicle Insights

The automotive insurance industry has witnessed a rapid transformation over the last few years to become a smarter industry. The traditional one-for-all approach in...

Why is Tesla selling insurance and what does it mean for drivers?

Alex Zarifis, Loughborough University In the past year, Elon Musk and Tesla have fascinated the world with new innovations like the Tesla Cybertruck. There is...

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