Tesla boom raises concerns over Korean auto insurers' loss ratios
The growing popularity of imported electric vehicles (EVs) such as Tesla’s Model Y in Korea is raising concerns among non-life insurers that high repair costs could push up auto insurance loss ratios, industry officials said Sunday. Figures from the Korea Insurance Development Institute (KIDI) show that the number of EVs covered by auto insurance climbed to 911,797 in the first half of this year…
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