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News
Care-First to deliver greater savings than expected for Alberta drivers
5+ day, 2+ hour ago (75+ words) The Globe and Mail New reports by government's rate regulator confirms insurers have reduced rates for drivers by roughly $300 or 15% compared with today EDMONTON, AB, Sept. 9, 2026 /CNW/ -- Alberta drivers are projected to save roughly $300, or nearly 15% annually, on average, under…...
Automobile Insurance Rate Board report aims to highlight pros of Alberta’s care-first reform
6+ day, 3+ hour ago (590+ words) ‘Trial lawyers continue to play a costly role in the current system’: Insurance Bureau of Canada VP In its recently released 2026 Market and Trends Report, Alberta’s Automobile Insurance Rate Board (AIRB) highlighted auto insurance affordability as a concern, with vehicle…...
Motor Insurance Shifts To Usage-Based Pricing In India
1+ week, 1+ day ago (304+ words) whalesbook.com The Indian motor insurance industry is undergoing a structural transformation, moving away from traditional, one-size-fits-all policies toward usage-based insurance This new approach, often called 'pay-as-you-drive,' allows premiums to be calculated based on factors such as annual mileage and…...
Motor insurance gets more personalised as data takes the wheel - The HinduBusinessLine
1+ week, 1+ day ago (286+ words) Motor insurance is increasingly moving away from a one-size-fits-all approach to personalised cover tailoring the premium to the risks specific to the vehicle and policyholder, thanks to a data-driven approach. The personalisation in the own-damage component is visible in the…...
From proxies to precision: How to better understand risk as an auto insurer
1+ week, 6+ day ago (575+ words) The business of insurance is a business of balance. If insurers price policies too high, they risk losing customers. At the same time, if policies are priced too low, losses pile up and profitability suffers. How do insurers strike the…...
Buying Motor Insurance for the First Time: A Beginner's Guide
1+ week, 6+ day ago (479+ words) The very first choice you will face is between third party cover and comprehensive cover, and this decision shapes almost everything else about your policy. The Insured Declared Value (IDV) is the amount your insurer will pay if your car is…...
Record motor profit masks a claims trend brokers cannot ignore
2+ week, 4+ day ago (649+ words) Insurance Business Record motor profit masks a claims trend brokers cannot ignore Net claims incurred in Australian domestic motor rose 22% in two years. New Youi research identifies a predictable afternoon incident window driven by fatigue, time pressure and overconfidence. For…...
Auto Insurance Is More Important For Businesses Than We Think
2+ week, 6+ day ago (264+ words) When business owners think about the risks their companies face, they often picture cybersecurity breaches, liability lawsuits, or property damage from natural disasters. Auto insurance, meanwhile, tends to sit quietly in the background as a line item that gets renewed…...
FMA flags car add-on insurance loss ratios
3+ week, 1+ day ago (149+ words) The FMA’s language is deliberately understated but pointed. Persistently low ratios, the regulator said, “raise questions about the extent to which consumers, when viewed as a group, are receiving meaningful benefit from these products.” Both Australia and the UK have…...