Last year, the insurance coverage of new energy vehicles in our country increased by 40% year-on-year.

This article is reprinted from: Nanguo Morning News

Reporter Zhang Qianqian

According to data released on March 31 by the China Association of Actuaries and the China Banking and Insurance Information Technology Management Company, as reported by Xinhua News Agency from Beijing on March 31 (Reporter Zhang Qianqian), in 2025 China’s insurance industry underwrote 43.58 million new-energy vehicles, including 41.81 million passenger cars and 1.77 million trucks; the number of vehicles covered increased by 12.48 million year over year, up 40.1%.

In 2025, China’s new-energy auto insurance premium income was RMB 190 billion, providing risk protection amounting to RMB 159 trillion; the insurance underwriting incurred a loss of RMB 5.6 billion, narrowing the loss by RMB 0.1 billion year over year; the combined loss ratio fell by 1.3 percentage points year over year. Industry insiders analyze that the decline in the combined loss ratio for new-energy auto insurance is driven by the continued strengthening of cost control in the insurance industry, which has improved operating quality.

In 2025, the number of vehicle model series for China’s new-energy vehicles was 429. Among them, there were 143 high-claim model series with a claim ratio exceeding 100% (not yet taking into account the costs of day-to-day operating and management expenses of property and casualty insurance companies), which is an increase of 6 compared with the previous year.

The China Association of Actuaries and China’s Bank Insurance Information Technology Company stated that regarding the specific situation of these high-claim model series, they will provide feedback to the relevant automakers through appropriate means to help them improve vehicle safety and repair cost-effectiveness design, working together to lower the total cost of vehicle use over its full life cycle. Next, they will continue to promote cross-industry communication and data sharing to enhance the insurance coverage capability and service level of new-energy auto insurance, supporting the high-quality development of the new-energy vehicle industry.