■ our reporter Liu Xuying
According to the latest prediction of China Automobile Association, the sales volume of new energy vehicles will reach 3.4 million in 2021, a year-on-year increase of 1.5 times; In 2022, the sales volume of new energy vehicles is expected to reach 5 million, with a year-on-year increase of 47%, which is expected to account for about 20% of the total sales volume of vehicles.
Liu Wenting, director and associate researcher of the safety technology and Service Research Office of the Institute of safety industry, believes that the Shanxi Guoxin Energy Corporation Limited(600617) automobile industry is currently in a period of rapid development. In July 2021, the Political Bureau meeting of the CPC Central Committee specially proposed to support the accelerated development of new energy vehicles. This strategic incentive policy will promote the rapid development of the Shanxi Guoxin Energy Corporation Limited(600617) automobile market in the future, The corresponding auto insurance market also shows huge growth space.
“It should be noted that there are great differences between new energy vehicles and fuel vehicles in terms of accidents. According to statistics, the accident rate of new energy vehicles is 12% higher than that of traditional fuel vehicles, and there are many accidents due to collision. In terms of key parts damaged by collision, the core power damage rate of new energy vehicles is three times that of engine loss accidents of traditional fuel vehicles.” Liu Wenting told reporters that in recent years, both at home and abroad are actively exploring new energy automobile insurance products to meet consumer demand.
For example, in the United States, owners of new energy vehicles must purchase physical injury liability insurance and property damage liability insurance, similar to China’s “traffic compulsory insurance”, and can freely purchase body damage comprehensive insurance, collision insurance and other types of insurance. In the UK, electric car, plug insurance and other professional new energy vehicle insurance companies classify the risk level of the vehicle model through the low-speed collision test, so as to determine the most likely claim amount of the new vehicle in the next year, formulate the underwriting cost of the vehicle, and the premium will be reduced step by step with the increase of the safety factor. In Japan, insurance companies provide premium concessions for new energy vehicles with a vehicle age limit of 13 ~ 37 months, such as 5% discount for fire Gongrong company and 1200 yen quota reduction for saisong automobile company.
In China, some insurance companies have made relevant attempts. More recently, AXA Tianping insurance company has launched exclusive insurance for pure electric vehicles with Yundu automobile, and the premium is dynamically adjusted based on the driving behavior and driving mileage of the owner; Shanghai launched comprehensive insurance for charging piles of new energy vehicles a few years ago, mainly including charging pile property insurance and charging pile power safety liability insurance.
Liu Wenting believes that the introduction of China Shanxi Guoxin Energy Corporation Limited(600617) automobile exclusive insurance means that the industry has taken a great step. However, the update of insurance products should be strengthened in time in the future. With the rapid iteration of new energy vehicle technology, the terms of new energy vehicle insurance will continue to be improved. For example, with the development of automatic driving and other active safety technologies, automobile collision accidents will be significantly reduced in the future, and collision insurance and other insurance types will also need to be adjusted accordingly, and even the insurance structure needs to be reconstructed.
\u3000\u3000 “In terms of optimizing the development environment of new energy vehicle insurance, we also need to increase fiscal and tax incentives and further standardize the development of the industry. The industry also needs to constantly improve the rate setting system. For example, in combination with the vehicle structure of new energy vehicles, we need to carry out research on the safety of power batteries, motors and electronic controls, determine the risk coefficient of vehicle models, and compare the age, gender and driving years of vehicle owners , traffic violations, insurance claim records of previous years, etc. are related to the accident rate, and a reasonable insurance premium rate is designed. ” Liu Wenting said.
Cui Dongshu, Secretary General of the national passenger car market information joint committee, also suggested that the insurance industry should use more “fresh” data information in the determination of new energy vehicle insurance, extend the analysis with shorter data and reduce the premium. In addition, vehicle enterprises should also establish their own insurance varieties, expand the insurance business of vehicle enterprises, and establish their own low premium insurance system with data support.
Liu Wenting believes that compared with foreign countries, China’s relevant industries still need to innovate business models and strengthen the integrated development of insurance industry and new energy vehicle industry. For example, insurance institutions are encouraged to cooperate with new energy vehicle enterprises in vehicle collision testing, study the safety of various models under different conditions, and lay the foundation for providing personalized and diversified innovative products. Especially with the rapid development of the Internet of vehicles, insurance companies, automobile manufacturers, telecom operators and other parties can jointly invest in the R & D, sales and business activities of new insurance products. Strengthen the voice of Internet of vehicles companies in setting insurance agreements and prices in auto insurance business, and even directly participate in the R & D and underwriting process of auto insurance products. Insurance companies can rely on their advantages in Actuarial and insurance product development to carry out insurance pilot, and finally achieve a win-win situation for automobile enterprises and insurance enterprises.
(source: International Business Daily)
