During a meeting with members of Thai General Insurance Association, OIC assistant secretary-general Apakorn Panlerd urged insurers to employ risk management strategy in handling EV cases as EVs operate differently from internal combustion engine (ICE) vehicles and therefore carry higher risks. Apakorn said insurers must carefully consider all related details before providing the insurance, as well as set a suitable premium rate that reflects the true risk of the product. He said companies should also keep in mind that EVs use different parts than ICE vehicles, and certain parts may not be readily available in the market. The OIC also urged insurers to prepare their supporting system for E
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