Webinar: The transition to electric vehicle insurance

The UK vehicle pool is transitioning from petrol to electric vehicles but a recent Insurance Age survey found that 57.7% of brokers are concerned they will be left behind when it comes to the provision of insurance cover.

To help our audience learn more Insurance Age hosted a panel of experts who will take a deep-dive into the space and outline how brokers can develop their own EV insurance offering. 

Figures show that 49.4% of brokers stated less than 1% of their insurable vehicle pools consist of electric or hybrid vehicles.

In terms of obstacles, 61.2% believe that the pricing and cost of EV products are holding brokers back. Following this, in close second, 42.4% believe there are a lack of products from major underwriters.

Insurance Age, in association with AX, would like to invite you watch this on-demand webinar. 

The webinar discussed:

• Why are brokers not focusing on EV product offerings despite the growing UK vehicle pool demand?
• What can brokers do to stand out in the Motor Insurance Market as vehicles become more advanced?
• What obstacles brokers are facing in terms of EV product implementation
• What are potential solutions that can help brokers who may be behind on this current market?
• How will the rapidly growing EV market affect both the personal and commercial lines customer?

The expert panel consisted of:

Moderator

• Jonathan Swift, director of content at Insurance Age

Speakers

• Steve Molloy, director of commercial cales at AX
• Leon Bosch, head of automotive partners
• Laurence Hunter, VP insurance at Laka
• Andy Keane, commercial motor product manager at Axa
• Amanda Fox, head of broker management and product governance at Markerstudy

Sign up here