Author: Yang Qianwen
On December 27, new energy exclusive auto insurance products were officially launched nationwide.
According to a reporter from China Business News, a number of property insurance companies have issued notices on the launch of new energy auto insurance on their official accounts. Most insurance companies said that 80% of car owners’ benchmark premiums may fall.
At the same time, the new energy auto insurance trading platform also set sail simultaneously. Shanghai Insurance Exchange (hereinafter referred to as “Shanghai Insurance Exchange”) officially launched the new energy auto insurance trading platform (hereinafter referred to as “trading platform”) on the same day, and the first batch of 12 property companies including PICC Property & Casualty, Ping An Property & Casualty, and CPIC Property & Casualty The new energy vehicle exclusive insurance products of insurance companies provide support for product landing services.
New energy exclusive auto insurance goes online
“Attention, all new energy vehicle owners! New energy vehicle exclusive insurance has been officially launched today (at 0:00 on December 27), and you can go for it now!” Ping An Property & Casualty announced on the 27th in its “Ping An Good Car Owner” public account .
In fact, industry insiders said that the 27th was the day when new energy auto insurance was launched nationwide. After several years of soliciting opinions, the exclusive new energy vehicle insurance product has finally officially landed. All new and renewed new energy vehicles, but excluding motorcycles, tractors, and special vehicles, are uniformly applicable to the “New Energy Vehicle Commercial Insurance Exclusive” “Terms (Trial)” (hereinafter referred to as “exclusive terms”), the original commercial auto insurance model clauses are no longer applicable.
What is the difference between the exclusive product of new energy auto insurance and traditional auto insurance?
According to industry insiders, both include the three main clauses of car damage insurance, tripartite insurance, and car personnel insurance, as well as a number of additional insurances. However, unlike traditional fuel car insurance, new energy car insurance clarifies that the core part of new energy vehicles-the three-electric system (battery, electromechanical, and electronic control) belongs to the insurance liability of car damage insurance, and it fully covers driving, parking, and parking. The scene of charging and working. And for the unique risks of new energy vehicles, additional risk protection such as loss of self-use charging piles and loss of external grid failures has been added. This is the first time that auto insurance has covered fixed auxiliary equipment outside the car. It is an innovation and exploration.
In terms of insurance premiums, the “Instructions on the Calculation and Adjustment of the Benchmark Pure Risk Premium Table for New Energy Vehicle Commercial Insurance Exclusive Products” issued by the Insurance Association of China to property insurance companies in early December showed that compared with the current benchmark premiums of traditional auto insurance, new energy vehicles The benchmark premiums of the three insurance and auto damage insurance dropped by 0.8% overall. Among them, the benchmark premium of the three insurances decreased by 0.1% compared with the current one; the benchmark premium of auto damage insurance decreased by 1.2%.
“80% of car owners’ benchmark insurance premiums will fall. However, because insurance premiums will be affected by factors such as traffic violation records and the number of accidents, car owners still need to refer to the actual insurance premiums.” Ping An Property & Casualty said.
At the same time, Ping An Property & Casualty reminds that new energy car owners who have already insured traditional auto insurance will not automatically upgrade their insurance coverage to new insurance plans. In other words, the car mainly waits until the expiration of the previous auto insurance coverage before purchasing new energy auto insurance. Of course, you can also choose to re-purchase new energy auto insurance after surrendering the insurance, but you must pay attention to avoiding the situation where the vehicle is out of insurance and on the road.
In the eyes of industry insiders, the word “trial” in the brackets of the exclusive clause also leaves room for future changes. Huaan Insurance said that with the rapid iteration of new energy vehicle technology, new energy vehicle insurance clauses will continue to be improved, and future revisions of clauses may become normal.
The trading platform sets sail simultaneously
With the official release of new energy auto insurance, related trading platforms have also been launched simultaneously.
On the trading platform of the Shanghai Insurance Exchange launched on the same day, the first batch of 12 property insurance companies listed on the new energy vehicle exclusive insurance products, is expected to cover more than 90% of the market share.
It is understood that the trading platform is positioned as a comprehensive trading service platform for exclusive product services for new energy auto insurance. The front-end provides insurance consumers with insurance, inquiry and other services to reduce transaction costs, enhance consumer satisfaction and sense of acquisition; the back-end, in conjunction with relevant units, provides risk management and control, product innovation, data sharing, and transaction monitoring through docking with big data platforms, etc. And other supporting services.
The relevant person in charge of the Shanghai Insurance Exchange said that for consumers, the trading platform has a more transparent one-stop shopping feature. The trading platform supports the listing of various new energy auto insurance exclusive products and the combined sales of new energy auto compulsory traffic insurance and commercial auto insurance. Consumers can easily access the exclusive new energy auto insurance products of multiple insurance companies online and choose according to personal needs. Information asymmetry effectively protects the rights and interests of consumers, and there are multiple insurance channels such as WeChat official account and Alipay. At the same time, the trading platform is constructed in accordance with the third-level requirements of the national information security level protection system to ensure stable transactions and data security.
After the trading platform is launched, it will empower the industry from two aspects: on the one hand, as a professional third-party trading platform, it can achieve the integration and uniformity of data flow and business flow and efficient management through standard and standardized digital trading processes, and effectively improve products The quality and efficiency of transactions shorten the transaction chain, reduce industry transaction costs, customer acquisition costs and operational risks, and improve the online and intelligent level of new energy auto insurance business. On the other hand, the trading platform connects new energy vehicle underwriting claims data, accumulates true and accurate pure risk loss rates for the industry, provides a data foundation for the industry to carry out product innovation and improve claims services, and provides pricing, Supports such as underwriting and verifying claims to improve industry risk management capabilities and service levels.
In addition, the above-mentioned person in charge stated that the Shanghai Insurance Exchange will actively study and promote the cooperation of trading platforms, new energy vehicle OEMs and other related service providers, and Internet traffic platforms and other upstream and downstream industry chains to explore the realization of cross-border, centralized and efficient data. Interconnection and resource docking help the industry to build claims and value-added service standards; and explore and research to accumulate carbon credits for new energy auto insurance consumers, and provide application scenarios and data support for carbon trading. Continue to develop the ecosystem.
.