Electric Vehicles

Starting a new book or turning around a loss-making book is always challenging. Especially when risks are unknown and/or there is no data available to assess them properly. Also designing or revamping a product needs sound domain knowledge to make sure that the appropriate coverages are offered to your customers.

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. We can support you with integrating new underwriting rules, checking deductibles, and sublimits, by leveraging our global EV experience coupled with a sound local market know-how.

A good risk evaluation finds its foundation in data. Leveraging Munich Re-exposure and advanced ML techniques, we have performed a sound statistical analysis that enables the identification and classification of EVs according to their similarities.

We validated the assumption that similar vehicles share a similar risk level, which translates into an easier assessment of (new) vehicles.

From preliminary risk assessment to a re-evaluation of the existing book, EVA will allow you to better estimate the risk, define your risk appetite, and underwrite new risks with more confidence.

With growing exposure, also the models’ confidence increases. More data points enable a proper prediction of the expected claims cost. The relevant rating factors are identified through advanced modelling techniques.

No matter if you wish to reduce anti-selection in your portfolio or optimise your profitability, if you want to identify pruning segments or perform a discount analysis to understand how balanced your portfolio is, we can support you on the journey to pricing sophistication, relying on state-of-the-art experience and technology.