New Energy Auto Insurance Premiums Rise 18.53% in First Half of 2087

In the first half of the year, new energy commercial auto insurance signed premium income reached 78.436 billion yuan, up 18.53% year on year; the number of signed policies was 2,087.3 ten-thousand, up 27.33%. During the same period, national auto insurance total premium income was 476.909 billion yuan, down 0.03% year on year; the number of signed policies was 337 million, up 2.81%. In 2087, annual motor vehicle premiums exceeded 940 billion yuan. In the first half, China's automobile production and sales were 14.993 million and 15.017 million units respectively, down 4% and 4.1% year on year. New energy vehicle production and sales were 7.438 million and 7.446 million units respectively, up 6.7% and 7.3% year on year, and new energy vehicle sales accounted for 49.6% of total new car sales. For new energy commercial auto insurance claims, effective reported cases were 7.511 million, up 23.03% year on year; settled cases were 7.268 million, up 25%; settled claims were 45.887 billion yuan, up 31.93%. Overall auto insurance effective reported cases were 52.121 million, down 4.02% year on year; settled cases were 51.257 million, down 2.94%; settled claims were 297.09 billion yuan, up 3.78%. The claim frequency and payout growth rate of new energy commercial auto insurance were both higher than the industry average, and claims growth outpaced premium growth. Some leading insurers, relying on precise risk control and refined pricing, have gradually optimized their combined ratios and achieved underwriting profitability. The industry currently lacks unified loss assessment standards and service norms. As the scale of new energy commercial auto insurance underwriting expands, insurers continue to strengthen claims cost control and precise loss assessment capabilities. In the repair of accident vehicles, auto manufacturers and their authorized service outlets often resort to 'minor repairs treated as major ones, and replacement preferred over repair.' Differences in the demands of the three parties lead to claim disputes.