Navigation Links
Hong Kong Insurers Unlikely to Lower Premiums for New Car Safety Technologies Says Kwiksure
Date:8/16/2013

(PRWEB) August 16, 2013

Claims Journal recently published an article about the new car-safety technologies available on the market. Such devices, which include automatic braking, advanced cameras, and automatic lane-centering systems, would imaginably lead to fewer accidents and decreased premiums, especially in Hong Kong, where accidents are frequent. However, Kwiksure's Motor Insurance Manager, Ken Chung, expresses that many of these are still unproven in Hong Kong, and that it's too early for HK insurers to start making changes.

Chung states, “Whether insurance premiums will be adjusted lower is yet to be seen as few Hong Kong drivers have such systems installed, so there's not enough data to gauge the effectiveness of such systems in Hong Kong.”

Drivers might expect that the advanced safety features would help lower their premiums significantly, especially when some insurers have issued discounts in the past for vehicles with anti-theft systems. However, this does not take into account that many claims are for situations where another driver is at fault. There is a higher possibility of discounts on other components of the insurance, as Chung stated, “As a broker, we might be able to negotiate the sum paid for own damage excess, as he or she would be less likely to cause a crash.”

Of these new car-safety features, Automatic braking technology is one of the most talked about, and it is now being offered by brands like Mercedes and Honda as an optional feature. The Insurance Institute for Highway Safety analyzed the insurance claims of Mercedes cars that had the auto braking collision system and revealed a seven percent drop in crashes. Whether this data would translate to the Hong Kong road environment, however, has yet to be determined.

Chung further explained that these safety devices would have to be more widely adopted in Hong Kong to allow some HK-based statistics to form. Only then will HK insurers likely begin lowering their premiums.

For more information, please go to http://www.kwiksure.com/news/technology-means-fewer-crashes-and-claims/.

Read the full story at http://www.prweb.com/releases/car-safety-features/hong-kong-car-insurance/prweb11033846.htm.


'/>"/>
Source: PRWeb
Copyright©2012 Vocus, Inc.
All rights reserved

Related medicine news :

1. Private insurers Medicare Advantage plans cost Medicare an extra $34.1 billion in 2012
2. July 30 Webinar to Review the Impact of Self-Funding on Employers and Health Insurers
3. Skin Cancer Awareness Month: An Unlikely Patient
4. African Americans Find New Solutions to Their Skin Problems from an Unlikely Source
5. Lower GI problems plague many with rheumatoid arthritis, Mayo Clinic study finds
6. Tree nut consumption associated with lower body weight and lower prevalence of health risks
7. Diagnostic yield of colonoscopy for melena after nondiagnostic upper endoscopy is lower than previously reported
8. Everyday Activities Might Lower Alzheimers Risk
9. Modest alcohol consumption lowers risk and severity of liver disease
10. Lower Risk for Bowel Obstruction With Less Invasive Surgery: Study
11. CAM therapy combined with conventional medical care may improve treatment of lower back pain
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:6/24/2016)... ... June 24, 2016 , ... Marcy was in a crisis. Her son James, eight, was out ... family verbally and physically. , “When something upset him, he couldn’t control his emotions,” remembers ... would throw rocks at my other children and say he was going to kill them. ...
(Date:6/24/2016)... ... June 24, 2016 , ... ... micro-osteoperforation for accelerated orthodontic treatment. Dr. Cheng has extensive experience with all areas ... , AcceleDent, and accelerated osteogenic orthodontics. , Micro-osteoperforation is a revolutionary adjunct ...
(Date:6/24/2016)... ... 2016 , ... People across the U.S. are sharpening their pencils and honing ... contest in which patients and their families pay tribute to a genetic counselor by ... Society of Genetic Counselors (NSGC) Annual Education Conference (AEC) this September. , In ...
(Date:6/24/2016)... ... June 24, 2016 , ... Puradigm® & Innovative Solutions ... initiated cultivation and processing operations at its production facility, and opened its first ... is the manufacturer of a complete system of proactive air and surface purification ...
(Date:6/24/2016)... ... 2016 , ... Venture Construction Group (VCG) sponsors Luke’s Wings ... at the Woodmont Country Club at 1201 Rockville Pike, Rockville, Maryland, 20852. The ... members that have been wounded in battle and their families. Venture Construction Group is ...
Breaking Medicine News(10 mins):
(Date:6/23/2016)... 2016 Research and Markets has announced ... Analysis 2016 - Forecast to 2022" report to their ... contains up to date financial data derived from varied research ... trends with potential impact on the market during the next ... which comprises of sub markets, regional and country level analysis. ...
(Date:6/23/2016)... and INDIANAPOLIS , June 23, ... a Lilly Diabetes Tomorrow,s Leaders Scholarship is any indication, ... winners, announced today online at www.diabetesscholars.org by ... 1 diabetes stand in the way of academic and ... the Foundation,s scholarship program since 2012, and continues to ...
(Date:6/23/2016)... Research and Markets has announced the addition ... States, China, Japan, Brazil, United Kingdom, Germany, France, Italy, ... Surgical Procedure Volumes: Global ... surgical procedure volume data in a geographic context. The ... of growth drivers and inhibitors, including world population growth, ...
Breaking Medicine Technology: