What is the product?

Munich RE’s coverage for E-mobility applications protects manufacturers and fleet owners against excessive expenses arising from warranty claims for their long-term battery warranty.

This not only covers the cost of the component, but also the often larger positions of labour and transportation, and can be a viable alternative to expensive extended supplier warranties.

Apart from private and commercial road vehicles, we are also working on covers for all kinds of mobility, including on water and on rails.

How does it support green outcomes?

RRange anxiety and reliability is a key issue when getting people to electrify their mobility. As a result, long warranty durations have become standard in the market – both for private as well as commercial vehicles.

With the battery generally being the most expensive part of the vehicles and with rising shares of EVs, this puts increasing strain on manufacturers and fleet owner’s balance sheets.

We aim to enable rising manufacturers to offer competitive warranties in the market from the get- go. For established manufacturers as well as fleet owners, we offer a versatile tool to manage their exposure and reserves on warranty risks. This allows them to push for the electrification of transportation without being held back.

How does it enable customers today?

Our insurance coverage aims to enable several new vehicle manufacturers to offer a long-term warranty on their battery that is competitive in the market and emboldens their message of quality.