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As technology gains in importance and the EV industry expands, competition is anticipated to rise. Additionally, the majority of insurers are actively building their own technology, embracing InsurTech, or collaborating with brokers on recognized InsurTech platforms in order to preserve underwriting efficiency and keep market dominance. The most active players in these trends are auto insurance firms.
An economic ray of hope has emerged in the Thai EV insurance industry, where both premium and policy penetration rates are rising. This is anticipated to fuel the country’s EV insurance market’s expansion.
While purchasing an electric car may offer a number of advantages, one may also want to take into account some of the contrasts, such as purchasing electric vehicle insurance as opposed to traditional auto insurance.
Understanding the best way to insure an electric car can help one to save money and make sure they have the right coverage for their new purchase.
The Thailand EV Insurance Market accounted for $XX Billion in 2021 and is anticipated to reach $XX Billion by 2026, registering a CAGR of XX% from 2022 to 2027.
One of the biggest auto exhibition events in Southeast Asia is the Motor Expo. AXA participated in this event by providing support for both marketing and commercial tactics. AXA and IMC’s partnership intends to boost sales by fusing the advantages of both businesses.
AXA will provide a wide variety of insurance products at the Motor Expo, including those for travel, health, personal accidents, and more. Additionally, AXA will provide exclusive deals for auto dealers, guests, and buyers of vehicles at the show, particularly those that are electric, which will be the event’s star attraction this year.
This is consistent with AXA’s dedication to promoting sustainable transportation and highlighting its leadership as the Green Insurer.
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