Header graphic for print
Global Insurance Blog International Insurance and Reinsurance News, Trends, and Cases

Tag Archives: motor insurance

Posted in Asia, China and Hong Kong, European Union, France, Germany, Hungary, Indonesia, Italy, Japan, Latin America, Market developments, Poland, Russia, Singapore, South Africa, Spain, The Netherlands, UK, USA, Vietnam

Tesla’s insurance plans – the possibility of a revolutionary product

Tesla CEO Elon Musk recently declared that the company intends to create an insurance product ‘much more compelling than everything else out there’. Victor Fornasier, partner at Hogan Lovells, discusses with Tom Inchley from Lexis Nexis, Tesla’s plans and what they could mean for the car insurance industry. Click here for the article. This article

Posted in European Union, Regulatory and legislative updates, UK

No deal Brexit – Government publishes advice on vehicle insurance

On 24 September 2018, the Government published a technical notice on vehicle insurance if there is no Brexit deal. The current position Motorists from non-EU countries driving in the EU must have a Green Card, an internationally recognised certificate issued by their motor insurer as proof that they have third party motor insurance cover for

Posted in Regulatory and legislative updates, UK

UK: The new Civil Liability Bill – will it mean a better discount rate soon?

The Government’s proposed Civil Liability Bill has just had its first reading in Parliament. The Bill proposes a new method of calculating the discount rate and ways in which to reduce the number of whiplash claims. The discount rate The discount rate is the percentage used to adjust compensation awards for victims of serious personal

Posted in Regulatory and legislative updates, UK

UK: A new insurance framework for driverless cars – Government Bill provides details

The Government has introduced the Vehicle Technology and Aviation Bill to Parliament, setting out in detail how the UK’s compulsory motor insurance framework will be amended to handle automated vehicles. Automated vehicles pose challenges for the conventional motor insurance regime in the UK, not least if an accident occurs when a vehicle is in driverless

Posted in Regulatory and legislative updates, UK

UK: Parliament opens an inquiry into the Government’s work on driverless cars

The Government consultation on changes to liability and insurance cover to accommodate automated car technologies closed recently. Barely a week later, the House of Lords has launched its own inquiry into driverless vehicles. The Science and Technology Committee of the House of Lords proposes to examine what the Government is doing to support the development

Posted in Market developments, Regulatory and legislative updates, UK

UK: Driverless cars: Government consultation on proposed changes to motor insurance

The Department for Transport’s Centre for Connected and Autonomous Vehicles (CCAV) has begun a consultation on its proposed changes to the law surrounding liability for accidents and insurance cover to accommodate automated car technologies. Increased use of automated car technologies will shift the nature of insurance claims. The increased safety of driverless cars should greatly

Posted in Regulatory and legislative updates, UK

UK: Autonomous Cars: Government to Consult on changes to RTA to change compulsory insurance regime

The UK Government is seeking to place itself at the forefront of technology for autonomous vehicles.  A feature of the Queen’s Speech on 18 May 2016 was the announcement of the Modern Transport Bill, which will deal with how motor vehicle insurance and liability is handled.  A Government spokesperson has said: “Our current insurance and

Posted in Germany, Market developments

Germany: Pay-As-You-Drive-Insurances – First German Data Protection Authority stipulates requirements

Telematics-based pay-as-you-drive insurances are new innovative and not yet practice-proven products by the insurance industry. The Commissioner for Data Protection and Freedom of Information for North Rhine-Westphalia (Landesbeauftragter für Datenschutz und Informationsfreiheit Nordrhein-Westfalen – “LDI NRW“) is the first German data protection authority which evaluated a pay-as-you-drive product and stipulated requirements for data protection and