Upcoming Events
SIR Webinar: The Rising Risk of Insuring Electric Vehicles
August 8 | 1 PM Eastern
In 2023, Electric Vehicle (EV) sales in the U.S. surged by an impressive 51%, accounting for 9.1 out of every 100 new vehicles purchased. With more affordable EV models entering the market, consumer adoption is set to accelerate even further. However, this influx of EVs, which often have higher loss ratios, has led to significant underwriting losses for many carriers. These carriers are primarily using a traditional symbolling approach in rating EVs, a method that may not be fully equipped to handle unique challenges. Join us in this insightful webinar as we explore strategies for profitable growth in this rapidly expanding market segment.
Presenters:
Xiaohui Lu & Jonathan Atteberry, LexisNexis Risk Solutions
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