China’s New Energy Vehicle Growth Transforms the Country’s Motor Insurance Market
As China continues its dominance in the global new energy vehicle (NEV) market, the country is witnessing a significant transformation in its motor insurance landscape. According to a recent report from AM Best, the surge in NEV production and sales has led to a sixfold increase in related insurance premiums over the past five years.
This impressive growth signals the insurance industry’s adaptation to the evolving automotive landscape.
This article was written by Ahmad Zaki and published on January 7, 2025.
