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Does new energy vehicle insurance cover new energy vehicles?

The background of the industry is that on December 27, 2021, the China Insurance Industry Association New Energy vehicle Commercial Insurance exclusive Clause (trial) was officially launched, requiring all new energy vehicles to be covered by new energy vehicle insurance.

Will new energy vehicle insurance become an important growth point?

According to the analysis of Ping an Securities Research report, with the development of new energy vehicles and the release of "exclusive terms", new energy vehicle insurance is expected to become an important growth point of the auto insurance industry.

Is BYD launching new energy car insurance?

The new battle of new energy car insurance has begun. Recently, the State Administration of Market Supervision formally approved BYD Insurance Brokerage Co., Ltd., and BYD's ambition to enter insurance is self-evident.

What should a risk manager look for in a battery contract?

That said, risk managers need to pay special attention to the degradation cycle, replacement costs, and safety-related risks associated with the battery. Insurers also need to carefully consider the battery specifications, its material, and the range it offers to underwrite the contract accurately.

Are energy car companies winning their own license plates?

This means that both new energy car companies and traditional car companies are pinning their hopes on winning their own license plates to achieve the opening of the sales model and car insurance service packages, and then to create a closed loop of services.