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Research on Insurance Group Rating System of European and its Significance in Development

In: Proceedings of the 2024 6th International Conference on Economic Management and Model Engineering (ICEMME 2024)

Author

Listed:
  • Longliang Wang

    (CATARC (Tianjin) Automotive Engineering Research Institute Co., Ltd, Security Development Department)

  • Shu Miao

    (CATARC (Tianjin) Automotive Engineering Research Institute Co., Ltd, Security Development Department)

  • Dong Cui

    (CATARC (Tianjin) Automotive Engineering Research Institute Co., Ltd, Security Development Department)

  • Botao Hu

    (CATARC (Tianjin) Automotive Engineering Research Institute Co., Ltd, Security Development Department)

  • Feifei Han

    (CATARC (Tianjin) Automotive Engineering Research Institute Co., Ltd, Security Development Department)

Abstract

At present, China’s new energy vehicle exports to overseas markets are gaining momentum. In the first half of 2023, Europe became the region with the largest market share of Chinese self-owned brand new energy vehicle exports overseas. Among them, the UK and Germany are the countries with the highest sales volume of new energy vehicles. This paper mainly introduces the vehicle insurance group rating system of Britain and Germany. By organizing data and analyzing the strong correlation between the insurance rating and cost, it is demonstrated that the development and design of vehicle insurance ratings are of great significance for vehicle manufacturers to export overseas and even promote the cooperation and development between insurance and the vehicle industry.

Suggested Citation

  • Longliang Wang & Shu Miao & Dong Cui & Botao Hu & Feifei Han, 2025. "Research on Insurance Group Rating System of European and its Significance in Development," Advances in Economics, Business and Management Research, in: Lina Zhong & Tang Yao & Chee Yoong Liew & Hongbo Li (ed.), Proceedings of the 2024 6th International Conference on Economic Management and Model Engineering (ICEMME 2024), pages 259-269, Springer.
    • Handle: RePEc:spr:advbcp:978-94-6463-690-1_25
    DOI: 10.2991/978-94-6463-690-1_25
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