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  • July 31, 2014
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  1. PICC to cut its reliance on vehicle coverage

    Posted Aug 24th 2004, 12:00am by Staff Reporter

    ... in a report earlier this month. PICC's turnover rose 15 per cent to 35.3 billion yuan in the first half, as a growing number of vehicles insured and recovering premium rates lifted turnover from ... in loss reserves for old motor insurance claims and book losses from mutual fund investments for its worse than expected first-half earnings. Smarting from a 27 per cent year-on-year decline ...

  2. Vehicle insurers gain reprieve on third-party policy liability

    Posted Jun 18th 2004, 12:00am by Staff Reporter

    ... vehicle policies. The Chinese Road Traffic Law, which came into effect last month, makes third-party motor vehicle liability insurance (TPL) mandatory for all drivers nationwide. ... in vehicle accidents, raising TPL underwriting risks substantially. 'Plainly put, the new standards significantly raise insurers' liabilities,' said a Shenzhen-based insurance company ...

  3. Comment - Insight & Opinion

    Beijing's curbs on use of government vehicles raises hope for change

    Posted Jul 30th 2014, 02:29pm by Hu Shuli

    ... of government vehicles give rise for hope According to media reports this month, the government has unveiled new directives restricting the use of cars by central government officials. Little has been ... to higher-level reforms being carried out in other sectors in the future. Some years ago, strict rules were imposed on the use of government vehicles according to officials' ranking and for private ...

  4. News - Hong Kong - TRANSPORT

    Government probes vehicle-hire apps

    Posted Jul 19th 2014, 04:02am by Patsy Moy

    ... vehicle-hire apps The government is "monitoring" the growing use of smartphone apps for passengers to arrange vehicle hire to ensure they comply with the law, a senior official told lawmakers ... came in the week US-based Uber launched its private-hire service in the city. But much of the concern yesterday focused on apps that allowed passengers to book a ride in a light-goods vehicle ...

  5. Comment - Insight & Opinion

    Insurers right to limit cover for young Ferrari drivers

    Posted Oct 14th 2012, 12:00am by STAFF

    ... into money at a young age. Insurers do not always look kindly on youth and high-performance vehicles, though. Some firms refuse to write a policy in the name of drivers under the age of 28. ... insurance data shows sports cars are more frequently involved in claims, especially when there are younger drivers. Higher insurance premiums are inevitable for high-performance and luxury vehicles ...

  6. News - China - POLLUTION

    With vehicles top source of smog-causing pollutant, study suggests halving Pearl River Delta traffic

    Posted Jul 14th 2014, 04:25am by CHEUNG CHI-FAI

    ... Cheung Chi-fai chifai.cheung@scmp.com Smog study suggests halving traffic in delta Reducing traffic in the Pearl River Delta by half could be one of the most effective means of combatting regional smog, according to a cross-border air pollution study. The ...

  7. Business - China Business - CARS

    Policy shot in the arm for new-energy vehicles

    Posted Jul 15th 2014, 01:31am by Celine Sun

    ... Celine Sun in Beijing celine.sun@scmp.com Analysts predict better times ahead after mainland governments are told to lift purchases of electric and hybrid vehicles to 30pc of mix by 2016 Policy shot in arm for new-energy vehicles Beijing's move to ensure that at least 30 per cent of new government vehicles on the mainland are powered by alternative energy by 2016 is expected ...

  8. Comment - Letters

    Letters to the Editor, July 27, 2014

    Posted Jul 27th 2014, 04:01am by LETTERS

    ... Kingdom and Australia, which ban the payment of commission for life insurance policies that are taken primarily as an investment vehicle. Tan Kin Lian, president, Financial Services Consumer ... Insurance law would protect consumers I refer to Enoch Yiu's column (" Insurers should always act in clients' best interest ", July 8). Yiu mentioned that insurance ...

  9. News - China - POLLUTION

    Make 30pc of vehicles 'new energy' models by 2016, Chinese cities and government departments told

    Posted Jul 14th 2014, 04:25am by Eric Ng

    ... Eric Ng eric.mpng@scmp.com Cities given 30pc quota for 'new energy' vehicles At least 30 per cent of annual vehicle purchases must be of "new energy" models by 2016, ... "facilitate technological improvement of the new-energy vehicle industry, promote the environmental protection industry's development and tackle air pollution". Former health minister Chen ...

  10. Comment - Letters

    Insurance industry failing to look after customers' interests

    Posted Jul 25th 2014, 04:39am by LETTERS

    ... Insurance industry failing to look after customers' interests I am an actuary with nearly 30 years' experience working in the insurance industry all over the world. I left the industry two years ago. Lindell Lucy (" Strengthen licence requirements for insurance agents ", July 19) has articulated perfectly the reasons why. The fact that the Hong Kong Federation ...




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