India
Claims rise 33% in monsoon as most car owners miss engine cover: Report
Motor insurance claims during India’s monsoon season have risen 33% over the past two years, increasing from ₹30,000 in 2023 to ₹40,000 in 2025, according to Policybazaar. Despite water damage being a common issue, only 20% of customers opt for engine protection add-ons, which are not included in standard policies. Tier-II and Tier-III cities account for 75% of claims due to poor infrastructure and increased vehicle usage. While 75% of policyholders buy roadside assistance, only half choose zero depreciation cover, leaving many with high out-of-pocket expenses. SUVs lead in claim costs, averaging ₹60,000 per incident. Experts urge consumers to invest in essential add-ons to avoid high repair costs during increasingly severe monsoons.
UAE
UAE Central Bank suspends motor insurance business of Oriental Insurance in Dubai: Here’s why
The Central Bank of the UAE (CBUAE) has suspended the motor insurance operations of Oriental Insurance Company (OIC) in Dubai due to non-compliance with solvency and guarantee requirements. As a result, OIC’s Dubai branch will enter run-off mode from August 7, 2025, meaning it will stop issuing new policies but continue servicing existing ones. The company failed to secure a required AED 100 million guarantee and was denied an extension to meet regulatory approvals. Despite the suspension, OIC assured it will honor all obligations on current policies. OIC also operates in Nepal and Kuwait. This is part of a broader trend, as other Indian insurers like GIC Re and New India Assurance have previously placed foreign operations into run-off mode.
Germany
HUK Coburg: Private e-car purchases are increasing sharply
Most electric cars in Germany have so far been bought by companies, with private buyers showing more hesitation. However, recent data from HUK Coburg’s "E-Barometer" reveals that private electric car purchases are rising again, reaching 5.5% of new car acquisitions in Q2 2025—up over a third from Q1. This increase follows a drop after the government ended the electric car subsidy in late 2023. Surveys also show growing acceptance of electric vehicles among the public, with 48% rating them positively, up from 37% earlier in the year. Younger people and men tend to be more favorable towards electric cars than older adults and women, while regional differences also exist across Germany.
These are the most popular car insurers
Many drivers prioritize value for money when choosing car insurance, but service quality and contract terms also strongly influence satisfaction. A recent survey by the German Institute for Service Quality (DISQ) shows that both direct insurers and branch insurers receive generally high ratings, with many customers satisfied with service—especially digital contact for direct insurers and in-person service for branch insurers. The top-ranked branch insurer is HUK-Coburg, praised for transparency and customer service, while CosmosDirekt leads among direct insurers with low complaint rates and strong overall performance. Despite high satisfaction, rising premiums remain a key reason customers consider switching providers. Overall, good service combined with fair pricing is essential for customer loyalty in the competitive car insurance market.
UK
Fast-growing motor insurer Cuvva enlists bankers to explore sale
UK-based digital insurer Cuvva, known for offering monthly and short-term car insurance, has appointed Perella Weinberg Partners to explore a potential sale after receiving unsolicited interest from potential buyers. Since its launch in 2015, Cuvva has sold over 13 million policies and serves around 1.4 million customers, claiming about 7% of the UK’s monthly motor policy market. The company recently reported a record year in 2024, tripling its profit to £12.8 million on £27.4 million in revenue. Cuvva is backed by LocalGlobe and chaired by Bruce Carnegie-Brown, former chair of Lloyd’s of London. It remains focused on finding a buyer aligned with its growth strategy and shareholder value.