Webinar: The transition to electric vehicle insurance
Sign up to watch this webinar which explores what brokers can do to blossom in the ever-evolving EV insurance market.
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
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