Industry Insight: How Singapore’s EV surge is changing motor insurance

As electric vehicles gain traction in Singapore, motor insurance is undergoing a quiet transformation. In this episode of Industry Insight, Lynlee Foo speaks with Cecilia Siah, Vice President and Head of Motor Business at Income Insurance, to explore how the EV boom is reshaping insurance policies, premiums, and customer expectations. We unpack the risks unique to EVs — from high battery replacement costs to range anxiety — and how new motor insurance solutions are evolving to meet the needs of a growing community of EV drivers. Listen to this conversation and find out more about electric vehicles cover, or how insurers are preparing for a fully electric future.See omnystudio.com/listener for privacy information.