Insurance Solutions for Electric Vehicles
The Next Frontier of E-Mobility
We have global experience in setting up and revamping the EV insurance business
Within the last 5 years, e-mobility climbed the leaderboards in many markets when it comes to analysing potential new risks in motor insurance. While originally a trend, it is now a global paradigm shift in the making: a couple of markets are having already clear EV Insurance guidelines, signed off by the local regulator, and other markets are just getting started. What is already clear is that regulators and insurers need to act to address risks properly market by market.
Global Consulting is close to both worlds and supports clients worldwide to find solutions according to the market maturity level
How is our industry affected?
The current and major challenges for insurance – identifying new risks concerning the e-vehicle itself, assessing the influences of different e-driving behaviours, and addressing the lack of specific EV data – will persist during the next years.
Our unique approach is tailored to all market maturities and all levels of pricing sophistication to tackle these challenges from a global and local perspective.
Global Consulting has developed an end-to-end EV primary insurance proposition which covers:
Regular market and competitor analyses are also fundamental to staying ahead of the curve.
If you want to (re)start underwriting EV, we can assist you in defining or adapting your strategy and setting up products according to market standards and local regulations.
We can support you throughout the product development process by leveraging our global EV experience and sound local market know-how.
From preliminary risk assessment to a re-evaluation of the existing book, Electric Vehicle Analytics (EVA) will allow you to better estimate the risk, define your risk appetite, and underwrite new risks with more confidence.
Global Consulting delivers unique technical expertise in primary insurance claims, assisting you in developing a market-leading position for these new challenges and achieving EV claims operational excellence.
Electric Vehicles – the way ahead: download PDF
What's in it for you?
- Market overview
- Electric Vehicle insurance insights from global markets
- Munich Re solutions: strategy & advisory, pricing and claims
- Electric Vehicle Analytics
Download the PDF after providing your contact information.