The partnership will develop comprehensive extended warranty insurance products for Chinese EV brands sold in Thailand as manufacturers seek more reliable after-sales and risk-transfer mechanisms.
Losses in electric vehicle insurance also eased in 2025 as insurers adapted to higher claims costs with better pricing and claims controls, the ratings agency said.
The three-tier insurance scheme uses real-time driving data to reward safer behavior, with coverage expanding from personal accident protection to family benefits.
Trade tensions and supply chain disruptions force a reassessment of rates and pricing strategies, but China's EV insurance segment could reach break-even this year.
