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Motor-insurance market to grow next year: AIG

It identifies growth in rental vehicles, use of telematics and younger drivers as factors

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AIG, referring to the rise in number of younger buyers of new cars, said this segment of drivers has run up a 33 per cent rise in third-party property damage claims in the past year, signalling these younger drivers' involvement in more "at-fault" accidents.

Singapore

THE motor insurance market is expected to grow in the year ahead, given a rising number of rental vehicles, greater use of telematics and the trend of buyers of new cars being younger.

AIG Asia Pacific Insurance said on Wednesday that these trends have emerged at a time

sentifi.com

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