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Australia RBA Commodity Index SDR (YoY) climbed from previous -9% to -4.3% in August

2025/09/01 16:13


Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Source: https://www.fxstreet.com/news/australia-rba-commodity-index-sdr-yoy-climbed-from-previous-9-to-43-in-august-202509010630

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China’s EV insurance market bleeds billions as claims surge

China’s EV insurance market bleeds billions as claims surge

The post China’s EV insurance market bleeds billions as claims surge appeared on BitcoinEthereumNews.com. China’s once-booming electric vehicle (EV) insurance business is fast becoming a money-losing sector. Claims are growing faster than expected, and insurers are losing billions of yuan annually. The issue is that EV adoption in the country has outpaced insurers’ antiquated tools to price risk. As a result, one of the world’s most advanced EV markets has become a battleground for insurers. China has the world’s largest number of EVs on the road. More than 20 million new energy vehicles (NEVs), including pure electric cars and plug-in hybrids, are registered nationwide. And sales continue to soar, with EVs now outselling gasoline cars in several cities. Yet behind the surge, insurance statistics paint a chilling reality. Owners of electric vehicles, many younger than motorists who pilot traditional internal combustion, are roughly twice as likely to file claims on their policies. Their vehicles are also much pricier to repair. Batteries account for roughly a third of a car’s value and are most at risk. These units are mounted under the floor and can more easily be damaged by speed bumps or road detritus. And new ones aren’t cheap; sometimes, replacing one is more than it would cost to repair the entire rest of the car combined. Specialized components like sensors and chips have become more expensive and difficult to find. And often repairs can only be made by authorized service centers, many at Tesla-certified body shops, where costs are all too expensive. In China, insurers lost 5.7 billion yuan ($802 million) on underwriting EV policies in 2024 alone, according to the China Association of Actuaries. Total premium income was almost 141 billion yuan, but claims and repair costs outweighed profits. Qin Lu, the chief executive officer of Greater China at Aon Plc, said insurers could not fully distinguish between car brands, models, and…
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BitcoinEthereumNews2025/09/22 14:21