New energy vehicle insurance is coming! 6 million new energy car owners: finally waiting for you!

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Today, the China Insurance Industry Association issued the Exclusive Clauses for Commercial Insurance for New Energy Vehicles (Trial Implementation) (hereinafter referred to as the "Exclusive Clauses"). Millions of new energy car owners have been waiting for a long time new energy car insurance officially came!

As of the end of the first half of this year, china's new energy vehicles have 6.03 million. The exclusive clause has upgraded the insurance protection of new energy vehicles, the much-concerned "three electricity" system has been included in the scope of vehicle damage insurance protection, and auxiliary equipment such as power grids and charging piles also have additional insurance options.

According to the exclusive terms and rate switching time, all new insurance and renewed new energy vehicles (excluding motorcycles, tractors, special vehicles) are uniformly insured by exclusive terms, and the traditional car insurance terms are no longer applicable. Non-new energy vehicles cannot be covered under exclusive terms.

Guarantee upgrade: "fire and combustion", "three electricity" equipment are guaranteed the power grid, charging pile optional guarantee

The relevant person in charge of the China Insurance Industry Association said that in recent years, the technological progress of China's automobile industry has been changing with each passing day, and the new energy automobile industry has advanced by leaps and bounds. New technologies bring new challenges, new energy vehicles with power batteries as energy storage devices, vehicle auxiliary equipment extended to charging facilities, in the process of vehicle use, in addition to the traditional traffic accident risk, power battery fire, deflagration caused by major accidents will also constitute new risk factors. For these risks, the insurance industry needs to innovate products and upgrade insurance protection and insurance services.

"How to scientifically design insurance products under the condition of continuous iterative updating of technology and less accumulation of insurance experience data has become a topic that must be solved in the development process of new energy vehicle products." The above-mentioned person in charge said bluntly.

According to the above-mentioned person in charge, in order to ensure that the development process of the terms is scientific and rigorous, the Insurance Industry Association organized major companies in the industry to set up working groups to carry out product development work. In the course of more than a year, the working group visited dozens of major domestic new energy vehicle manufacturers, power battery manufacturers, national research institutes, data monitoring platforms, etc., held more than 20 forums in different forms, invited nearly 100 representatives from all walks of life in society, and drafted and completed exclusive clauses on the basis of extensive research and repeated arguments.

The above-mentioned person in charge said that the formulation of exclusive clauses resolutely implements the people-centered development concept and high-quality development requirements, conscientiously implements the comprehensive reform and deployment of automobile insurance, and provides more effective and targeted insurance protection for new energy vehicle consumers.

In terms of insurance liability, the exclusive clause not only provides protection for the "three electricity" system (battery and energy storage system, motor and drive system, and other control systems), but also comprehensively covers the use scenarios of new energy vehicles driving, parking, charging and operation. In terms of terms of terms, exclusive terms not only consider the current mainstream technology route, but also leave room for innovation in the new formats of the new energy automobile industry.

Exclusive clauses highlight the structural characteristics of the "three electric" systems of new energy vehicles, such as batteries and energy storage systems, motors and drive systems, etc., and the relevant expressions are clear at a glance, which is convenient for consumers to read and understand. At the same time, the clause extends the scope of protection to vehicle-specific use scenarios, such as self-service charging, special vehicle engineering operations, etc., upgrades and optimizes the connotation and extension of traditional car insurance, and enhances the applicability and pertinence of the clauses.

The escalation of the main insurance liability covers the main risks of new energy vehicles. However, new energy vehicles also involve auxiliary equipment such as power grids and charging piles. To fully insure new energy vehicles, the risks of these devices also need to be considered. Combining the characteristics of charging new energy vehicles, the exclusive clause has developed the "Additional Self-use Charging Pile Loss Insurance" and "Additional Self-use Charging Pile Liability Insurance".

This allows new energy vehicle insurance to not only protect the loss of the vehicle itself, but also to protect the loss of auxiliary equipment such as charging piles, as well as the property loss and personal injury that the equipment itself may cause, and focus on solving the risks arising from auxiliary facilities in the application of new technologies.

This is the first time that auto insurance has underwritten external fixed auxiliary equipment, which is an innovation and exploration in the field of auto insurance.

Combined with the risks in the charging process of new energy vehicles, the exclusive clause also developed the "Additional External Grid Fault Loss Insurance", which covers vehicle losses caused by external grid transmission and transformation failures, current and voltage abnormalities, etc., and further disperses risks through the insurance mechanism.

The above-mentioned person in charge said that in the next step, the Insurance Industry Association will actively organize industry entities under the guidance of the Banking and Insurance Regulatory Commission, adhere to meeting the needs of the masses as the starting point, continue to strengthen source innovation and collaborative innovation, take scientific and technological empowerment as the way, continuously accelerate the integration of technology and data with the new energy automobile industry chain and value chain, continuously innovate and optimize products and services, actively fulfill social responsibilities, practice the insurance industry, and give full play to the role of insurance in assisting social governance and serving the economic and social functions. Continuously meet the growing demand for insurance protection of the people.

Focus on the characteristics of new energy vehicles New energy vehicle insurance needs innovative protection and services

Industry insiders expect that exclusive terms have been issued, then, the launch of new energy car insurance products is only a matter of time, millions of new energy car owners have been looking forward to exclusive car insurance is just around the corner!

Relevant people in the working group said that new energy vehicles are still emerging industries, technological upgrading is relatively fast, and the development of new industries and new formats has also put forward new challenges to the development of the insurance industry itself. Under the background of continuous iteration of technology and less accumulation of historical data, only by accelerating insurance innovation and accelerating industrial integration can we promote the development of higher quality of auto insurance in the industry.

The person in charge believes that insurance companies can only accumulate experience data faster if they launch new products as soon as possible, improve while exploring, and continuously improve products and services in the development process. At the same time, the deep integration of auto insurance with other industries is conducive to collecting more industry information for insurance companies, supporting perfect pricing factors and pricing models, and also helping the insurance industry to intervene in customer risk management earlier, better playing the functions of loss prevention and loss reduction and risk control in related industries, and is also conducive to mutual development between industries.

He said that considering the differences between new energy vehicles and traditional vehicles in many aspects, it is necessary for insurance companies to innovate new energy vehicles and upgrade insurance protection and insurance services. The difference between new energy vehicles and traditional vehicles can be summarized by four "new":

First, new risks, new energy vehicles use power batteries as energy storage devices, and vehicle auxiliary equipment is extended to charging facilities. In the process of vehicle use, in addition to the traditional traffic accident risk, it also faces new risk factors such as major accidents caused by power battery fires. These risks need to be covered by new insurance products.

The second is new technology, in recent years, China's automobile industry technology progress with each passing day, the new energy automobile industry by leaps and bounds. The application of these new technologies, on the one hand, has indeed increased the frequency of new energy vehicle owners, and on the other hand, it has also brought new challenges to the development of corresponding insurance products. Insurance companies need to further deepen their understanding of new technologies and ensure that insurance products are scientifically designed in the context of continuous iterative updates of technology and less data on insurance experience.

Third, new demand, the field of new energy vehicles has emerged a number of innovative business models, while the new energy vehicle customer base is more diversified than the traditional car. Diversified business models and new insurance needs brought by customer groups are factors that must be considered in the development of new energy exclusive clauses.

Fourth, new scenarios, compared with traditional fuel vehicles, new energy vehicles due to the characteristics of their own technology, such as charging, power exchange and other unique use scenarios. For the risks and needs of these new scenarios, insurance companies should consider both product design and development to increase the insurance scenarios covered by insurance products.

Editor: Chen Yu

Video: Qiu Zixing

Producer: Zhang Jiao

Proofreader: Feng Wenjun

Photo editor: Zhou Yang

Producer: Ji Yuliang

Editor-in-charge: Zhang Xiaoguang

Producer: Pu Hongyi

Issued: Pan Linqing