Shenzhen Financial Regulatory Bureau, together with the Municipal Industry and
Information Technology Bureau and other agencies, issued measures to promote
high-quality development of new energy vehicle (NEV) insurance. The measures
direct insurers to optimize commercial NEV benchmark rates and support use of
empirical data to scientifically estimate model-specific pure loss rates for
risk grading and benchmark-rate setting, improving pricing accuracy and
rationality. They call for market-based clause and rate formation and a steady
expansion of the permissible float range for insurers’ autonomous pricing
coefficients. Property & casualty insurers are encouraged to incorporate range,
safety features and powertrain performance into pricing models and to pilot a
traffic-violation coefficient, aiming to better align NEV premiums with
underlying risk.
