Exclusive insurance for new energy vehicles is listed, and vehicle fires and explosions are included in the insurance coverage

Xinmin Evening News (reporter Tan Ying) The insurance tailored for new energy vehicles was listed in batches yesterday, and unexpected risks such as vehicle fire and explosion were included in the coverage. On December 27, the Shanghai Insurance Exchange officially launched the new energy vehicle insurance trading platform, and the first batch of new energy vehicle exclusive insurance products of 12 property insurance companies, including PICC Property & Casualty, Ping An Property & Casualty, and CPIC Property & Casualty, were listed.

Is the premium of new energy vehicle captive insurance for different models lower or more than that of ordinary models before? CPIC Property & Casualty insurance related sources replied that the rate of new energy vehicle captive insurance is a special calculation in the context of a sharp fee reduction and price return value in 2020, and the overall principle of moderate caution is followed to make a slight and reasonable increase in premium adequacy, and the goal is to achieve a balance between the "double carbon" green industrial layout and the sustainable development of automobile insurance. Compared with the traditional insurance of fuel vehicles, the adjustment of the overall rate of new energy vehicle captive insurance for car insurance is not significant. Among them, the three liability insurance is consistent with the current rate framework, and the relative difference rate between the levels under each dimension remains unchanged, and the change range of each vehicle type is also small, such as the same family car rate, the rental car reduction of 0.5%, and the reduction of urban bus 0.8%. The vehicle damage insurance is close to the framework of the three liability insurance, and the calculation takes special consideration of the affordability of the owner of the price-sensitive stock new energy vehicle, and restricts the price of the car below 250,000 yuan without increasing the fee. In addition to the main insurance, exclusive additional insurance has also been added to further provide more comprehensive risk protection for new energy vehicle owners.

So, how is the payout ratio of new energy vehicle captive insurance expected to change? The person went on to introduce that before the introduction of new energy exclusive car insurance, the underwriting and claims affairs of new energy vehicles and fuel vehicles lacked rules and practices for refined management, the insurance experience data precipitation was not sufficient, and the insurance rate and compensation rate of new energy vehicles in the short term were still significantly higher than those of traditional fuel vehicles. However, with the accumulation of exclusive products in the expanding market, claims technology will be rapidly iterated and upgraded, and practices such as refined management of underwriting pricing will promote the return of the loss rate of new energy vehicles to a reasonable level in the long run.

Yesterday, PICC Property & Casualty successfully signed out the new energy vehicle insurance policy, and said that the new energy vehicle insurance clause provides consumers with comprehensive and effective risk protection, and covers the accident loss of the vehicle "three electricity system" and the unexpected risk of vehicle fire and explosion. Clause design diversified insurance scenarios to meet consumer needs, disperse unexpected risks in the application of new technologies, and eliminate people's worries.

The new energy vehicle insurance trading platform launched by the Shanghai Insurance Exchange is another major innovation in the new energy vehicle insurance service model of the insurance industry after the Exclusive Clauses for Commercial Insurance of New Energy Vehicles (Trial) and the Benchmark Pure Risk Premium Table of Commercial Insurance for New Energy Vehicles (Trial). At present, the trading platform can provide new energy auto insurance consumers with online insurance, policy inquiry, order inquiry and other one-stop comprehensive services, and will successively open functions such as approval form inquiry, claim progress inquiry, electronic policy download and so on in the future, so that the people can buy with peace of mind, choose with confidence, and use comfortably. The trading platform has released a standard interface and completed the docking and launch of the first batch of institutions such as PICC Property & Casualty, Ping An Property & Casualty, and CPIC Property & Casualty, which is expected to cover more than 90% of the market share.