RISK RADAR · BUSINESS LINE
Strategic risks that hit motor: private and commercial motor, fleets.
ARGUS’S READING Steady · AM Best's commercial auto severity findings describe sustained historical pressure; Australia's automatic claim acceptance provision remains proposed.
Property and catastropheCasualty and liabilityMotorMarine, aviation and transportEnergy, engineering and constructionCredit, surety and political riskCyberAgricultureLife, annuities and pensionsHealth and medicalWhole industry
Regulation
The Insurance Council of Australia has submitted a revised General Insurance Code of Practice to ASIC for approval. Key obligations would become part of consumer insurance contracts, enforceable through the courts, AFCA or an independent committee. Home and motor claims left undecided for 12 months, for reasons within an insurer's control, would be accepted automatically.
1–3 yrsBusiness model
Alberta's no-fault injury model moves auto injury costs from courts to benefits, reshaping motor pricing and claims.
5–10 yrsClaims and pricing
Social-media-linked theft of certain car models is rising, a growing motor theft loss trend to 2050.
NowClaims and pricing
Record staged-crash fraud raises motor claims costs, a rising loss trend for South Korean motor insurers.
1–3 yrsBusiness model
Eyes-off driving shifts liability toward manufacturers, changing who insures autonomous vehicle risk.
NowClaims and pricing
Longer, more varied driver hours are changing taxi motor risk, which standard motor data may miss.
1–3 yrsBusiness model
AI shopping agents could lift personal auto rate comparison, shifting price competition and distribution.
NowClaims and pricing
Rising pothole claims add repair-cost inflation pressure on motor claims costs.
NowClaims and pricing
Commercial auto liability severity outpacing inflation twofold signals rising social inflation pressure on auto and liability reserves.
NowClaims and pricing
EV battery and body repair costs lift motor claims, making electric vehicles harder to price profitably.
1–3 yrsBusiness model
Persisting barriers to vehicle data access could limit insurers' motor pricing and underwriting.
NowClaims and pricing
Litigation costs push commercial auto liability claims above inflation, raising underwriting pressure on fleet and liability cover.
NowClaims and pricing
Social inflation keeps pressuring US liability claims costs, with commercial motor among the hardest hit.
NowClaims and pricing
AI and synthetic identities are scaling vehicle finance fraud to $10.4B, raising fraud exposure for motor insurers.
NowClaims and pricing
Supreme Court precedent may lift compensation for lifelong-care motor injury claims in India.
1–3 yrsClaims and pricing
Autonomy, EVs and nat cat are reshaping motor risk, shifting claims costs and pricing for motor writers.
NowCapital
Slow claim closures hide a $16bn US commercial auto loss, pressuring reserves and insurers' balance sheets.
NowClaims and pricing
A $604m upheld verdict signals nuclear-verdict risk for freight-broker liability in US trucking.
NowClaims and pricing
Record-scale European storm losses show severe convective storm severity hitting property and motor books now.
NowClaims and pricing
Rising total-loss share shows repair-cost inflation pushing motor loss costs higher.
