EV – (Re)in Asia

EV

carrot-acquires-exclusive-right-to-use-behaviour-based-insurance-in-south-korea

Carrot secures six-month exclusive rights for behaviour-based motor insurance in South Korea

August 5 2024

Carrot has gathered extensive driving data to support BBI model for motor insurance.

am-best-revises-hyundai-insurance-chinas-outlook-to-negative-amid-underwriting-risks-and-capital-erosion

AM Best downgrades Hyundai Insurance China's outlook due to underwriting risks and capital erosion

August 5 2024

Ratings affirmed, but negative outlook assigned with short to medium-term losses projected to erode capital.

tesla-registers-insurance-brokerage-firm-in-china

Tesla registers insurance brokerage in China

August 5 2024

Move signals Tesla's renewed efforts to sell insurance products directly to consumers in China.

zurich-becomes-preferred-ev-insurer-for-tesla-customers-in-australia

Zurich partners with Tesla as preferred EV insurance provider in Australia

July 29 2024

Zurich to deliver embedded solutions for Model 3 and Model Y customers through Tesla app.

zurich-malaysia-partners-with-gentari-to-support-growth-of-ev-infrastructure

Zurich Malaysia partners with Gentari to support EV growth

June 20 2024

Zurich teams up with clean energy solutions provider to expand EV charging infrastructure and offer value-added services for EV users.

swiss-re-echoes-for-closer-collaboration-between-insurers-and-ev-manufacturers

Swiss Re calls for closer insurer and EV manufacturer collaboration

June 1 2024

Swiss Re echoes calls for closer collaboration between insurers and manufacturers to address emerging risks and underwriting challenges amid continuing growth of global EV market.

Australia’s Insurance Council calls for EV insurers to partner with fire agencies for better data

May 28 2024

Insurers urged to collaborate with fire agencies and governments to tackle EV battery fire risks and improve insurance models.

Rising vehicle sales and EV demand to drive China motor insurance growth: GlobalData

May 17 2024

GlobalData expects market to reach US$158.9bn by 2028, but EVs and rise in road accidents will prompt motor insurers to reassess their risk exposure.

byds-insurance-arm-receives-green-light-to-offer-statutory-auto-liability-insurance

BYD Property Insurance receives green light to offer statutory auto liability insurance in China

May 7 2024

Latest development comes following EV manufacturer's acquisition of insolvent Yi'an Property Insurance in May 2023.

launch-of-australias-ev-centre-of-excellence-set-to-ease-pressure-on-combined-ratios-and-premiums

Australia's EV Centre of Excellence poised to help ease pressure on combined ratios and premiums

May 7 2024

New EV-learning facility will mitigate risk of minor accident write-offs, with Australia's government initiatives offering a blueprint for APAC.

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