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Nonetheless, EVs remain in the early stages of their of the insurance industry to the transformative impact of
evolution, a phase that mirrors the typical trajectory of EVs. Identifying the risks that are unique to EVs, creating
emerging technologies. As with any nascent technology, EVs insurance products that are tailored to their specific needs,
introduce certain risks that evolve over time until a safer setting precise pricing strategies, making changes to current
and more dominant design prevails. This article explores the processes, reimagining of operational models, and creating
novel risks associated with EVs and delves into the response new ecosystems are all part of this response.
Figure 1 Risk from Electric Vehicles
24 June 2024 The Insurance Times
