EV – (Re)in Asia

EV

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.

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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.

KOBA Insurance launches Australia's first dedicated EV policy

May 3 2024

Pay-as-you-drive policy is initially for Tesla owners, but access to other brands will roll out in the 'near future'.

Agent support among key barriers to realising UBI's underwriting potential

April 12 2024

Telematics provides innovative motor insurance opportunities, but industry needs to overcome a series of usage-based insurance roadblocks.

Taiwan's FSC greenlights specialised EV clauses from 1 July

April 9 2024

Taiwan's electric vehicles to fall under new rules, which exclude battery damage as standard but allow coverage under additional riders.

NFRA looking to 'optimise' EV insurance pricing

March 12 2024

Li Yunze, Head of the NFRA, says regulator is to refine insurance pricing and reduce down payments on loans.

as-ev-adoption-surges-apac-insurers-face-a-complex-drive-ahead

Nuanced underwriting and rapid adaption key to meeting surge in EV demand

March 5 2024

New risks, abundance of data, lack of service technicians, and telematics are pushing industry to adopt new underwriting approaches.

EV market expansion spurs opportunities for insurer-manufacturer collaboration

January 22 2024

Strategic partnerships that combine vehicle data with expertise in claims handling and risk assessment can lead to improved insurance products.

globaldata-chinas-gi-industry-on-track-for-us361bn-of-gwp-by-2028

Motor will continue to drive China's GI industry to US$361bn GWP in 2028

December 21 2023

GlobalData predicts 7.4% CAGR over five years for China's general insurance market, driven by economic recovery and regulatory reforms.

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China's non-life market seeing premium growth, offset by net profit decline

November 29 2023

Growth in health, agriculture, and resurgence in motor underpin AM Best's 'stable' outlook for China's non-life sector, but market faces drop in underwriting profit and slowing economy.

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25 September