Vehicle risks

  • Lower noise
  • Greater curb weight
  • Regenerative breaking
  • Abrupt acceleration
  • Fire risk
  • Battery theft
  • High repair costs

Role of insurers

  • Risk modelling of electric vehicles
  • Supporting decentralized repair networks

Driving risks

  • Driver demographics
  • Usage profiles

Role of insurers

  • Offer adequate risk covers
  • Better risk assessment with telematics data

Infrastructure risks

  • Installation risks
  • Operational risks
  • Battery swapping risks
  • Cyber risks

Role of insurers

  • Preventive measures- monitoring and supervision
  • Mitigation measures- minimizing losses
  • Cyber covers and warranties
  • Insurance solutions for battery swapping

Source: Swiss Re Institute