Shenzhen: Encouraging property and casualty insurance companies to include new risk factors such as cruising range, safety features, and power performance in their pricing models to promote better alignment between the prices and risks of new energy vehicle insurance.

The Shenzhen Financial Regulatory Bureau, together with the Shenzhen Municipal Industry and Information Bureau and other departments, issued the "Notice on Promoting High-quality Development of Shenzhen's New Energy Vehicle Insurance". It mentioned optimizing the benchmark premium rates for new energy commercial vehicle insurance, supporting the insurance industry in using experience data to scientifically determine the pure risk loss rate for different vehicle types as an important reference for vehicle risk rating and benchmark premium rate setting, enhancing the accuracy and reasonableness of new energy vehicle insurance pricing. It also aims to improve the mechanism for forming market-based terms and rates, steadily expand the range of autonomous pricing coefficient fluctuations. It encourages property insurance companies to include new risk factors such as cruising range, safety configuration, and power performance in the pricing model, explore the use of traffic violation coefficients in pricing, promote better matching of new energy vehicle insurance prices with risks, and enhance the scientific nature of pricing.