E-Mobility

The mobility landscape is in swift transformation: Countries phase out combustion engines in favor of electric vehicles, and battery technology advances. Building confidence in the reliability and performance of this technology is paramount for customer acceptance and a seamless transition. Both manufacturers and suppliers play a key role in fostering trust, ensuring sustainable financing, and guiding this significant shift in mobility.

Transitioning from traditional ICE to advanced battery and fuel cell technologies is more than just a mechanical shift. It's a paradigm change. EVs and FCEVs may have fewer parts, but their value is significantly concentrated, shifting power dynamics away from manufacturers, towards suppliers. With customer perceptions shaped by experiences through personal devices, the expectation of long-term battery performance and reliability is heightened. This evolving scenario, coupled with the rapid pace of technology advancements and missing experience, ties significant capital in long-term reserves, adding to financial risks and warranty uncertainties. This new mobility landscape carries its own set of complexities, in pressing need for innovative solutions.

In response to these challenges, Munich Re introduced an E-Mobility Warranty Cover, enabling our clients to provide the warranty promise their customers demand, while protecting them from the long-term uncertainty these warranties bring. It also provides a flexible and effective risk management solution that can be tailored to individual requirements. This cover ensures the protection of vital investments, fostering stability and confidence for both suppliers and manufacturers.