RISK RADAR · BUSINESS LINE
Motor
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.
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NowClaims and pricing
Tesla boom raises concerns over Korean auto insurers' loss ratios ↗
The Tesla boom is pushing up Korean motor loss ratios as electric vehicles change repair costs and pricing needs.