Motor & Fleet

Sompo Japan ordered to improve practices following Bigmotor fallout

Sompo Japan ordered to improve practices following Bigmotor fallout

Company asked to clarify management responsibilities and strengthen legal compliance

Kenneth Araullo Jan 27, 2024
Sompo Holdings CEO to step down over Bigmotor scandal - report

Sompo Holdings CEO to step down over Bigmotor scandal - report

Firm also said to be considering whether he should resign from his chairman role

Budget Direct to cover GST on motor policies as part of new promotion

Budget Direct to cover GST on motor policies as part of new promotion

Initiative aims to ease the financial burden on Singaporean motorists

Sompo accused of prioritising shares over customers, new Bigmotor report reveals

Sompo accused of prioritising shares over customers, new Bigmotor report reveals

Leniency towards a car dealer was driven by intense competition with rival insurers

South Korea motor insurance projected to exceed US$19 billion by 2028

South Korea motor insurance projected to exceed US$19 billion by 2028

Subdued growth in the previous year attributed to an increase in car prices

Thai insurers cautiously optimistic on surge of EV adoption

Thai insurers cautiously optimistic on surge of EV adoption

Technology's novelty may present unrealised challenges

Car insurance in Korea expected to see lower rates

Car insurance in Korea expected to see lower rates

Development in line with president's initiative promoting "mutual growth"

Motor insurance in China – what will drive the growth?

Motor insurance in China – what will drive the growth?

Sector expected to experience a 4.5% CAGR boom

Itochu eyeing Bigmotor investment following fraud scandal

Itochu eyeing Bigmotor investment following fraud scandal

Decision to be unveiled next spring

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