Bangkok, The OIC warns the insurance business of underwriting electric cars. There are risk factors From foreign lessons Prepare to determine a risk protection plan. Mr. Apakorn Panlert, Assistant Secretary-General Insurance product supervision line The Office of the Insurance Commission revealed that the Office of the Insurance Commission has collaborated with the insurance business to develop insurance products for electric cars under the name Electric vehicle insurance policy: Battery Electric Vehicle (BEV) according to Registrar's Order No. 47/2023 regarding the use of form, text, and premium rates of electric vehicle insurance policies. The Thai General Insurance Association held a meeting to clarify guidelines for such products. To achieve standards in practice in the same way At present, electric cars are still a new thing. Every sector must still learn together. After appearing in the news in some countries Problems from the use of electric cars have been increased. For example, the situation in So uth Korea where sales of electric cars began to decline for the first time in 6 years due to concerns about batteries catching fire. The number of fast charging stations is still small. And the price of electric cars is quite high. Or the case in the United States where an electric car manufacturer has recalled more than 2 million electric cars because it was found to have a defect with the automatic driving assistance system. May risk causing an accident. 'The OIC therefore recommends that insurance companies use caution when accepting insurance for electric cars. From considering electric car insurance Setting insurance premiums that are appropriate to the actual risks and claims, which electric cars have different procedures from combustion cars in many parts, such as precautions regarding batteries, control systems, and electrical systems, including the claim period, have also been found to be used. quite a long time including preparation The company's readiness in various aspects, including IT systems a nd experts who have knowledge and understanding of electric cars. To support the company's electric vehicle insurance and emphasize risk management for electric vehicle insurance. If risks are discovered from the insurance company's electric vehicle insurance, the OIC may require that electric vehicle insurance must present an additional risk management plan. The OIC will prepare a schedule for coverage of emerging risks. Coming soon,' said the Assistant Secretary-General of the Office of the OIC. Source: Thai News Agency