Taking the temperature of the electric vehicle market

With the Financial Conduct Authority’s price walking ban coming into force and customers transitioning from internal combustion engines to electric and hybrid vehicles, the motor insurance industry is currently in a state of flux. High fuel prices, vehicle running costs and the cost of living are also impacting the market, with commercial fleet and personal motor customers being squeezed financially.

To find out more about the state of the motor insurance market, Insurance Age in association with AX surveyed motor brokers to understand the factors shaping the market, key challenges faced and opportunities for growth.

This content sheds light on the research findings, why the FCA ban provides brokers with an opportunity to improve service levels and how brokers can seize the opportunities available within the EV market.

Topics covered include:
• The most important factors for brokers when providing cover for motor clients.
• Which products would motor brokers like to offer within the next 12 months?
• Why motor brokers should sell on service, accessibility and value.
• Using claims as a USP.
• The impact of the FCA’s price walking ban.
• Preparing today for the growth of the EV insurance market.
• How existing barriers within the EV insurance market can be overcome.