The growing use of electric vehicles is bringing new risks, higher claims costs and longer repair times, requiring insurers to adjust their risk assessment, underwriting and pricing models, Serbian insurance executives said during the EV Days conference held on September 10-11 in Novi Sad.

Speaking during a panel dedicated to the challenges of electric mobility, Dejan Jevtić, President of the Executive Board of AMS Osiguranje, pointed out that one of the main difficulties for Serbian insurers is the limited amount of domestic claims data available for electric vehicles.

According to Jevtić, the local EV fleet remains too small to provide sufficiently reliable statistics, meaning insurers currently need to rely largely on European and international experience when assessing risks.

However, the data already available indicate a different claims profile compared with conventional vehicles. EV repairs generally take longer and claims tend to be more expensive, Jevtić noted. As a result, insurers cannot apply the same Motor Hull pricing to electric and conventional vehicles.

At the beginning of 2026, Serbia had around 6,000 electric vehicles, compared with approximately three million registered vehicles overall, according to data from the Serbian Chamber of Commerce.

Participants in the panel agreed that the transition to electric mobility will require insurers to develop new approaches to risk assessment and pricing as the volume of relevant claims data increases. Cooperation between insurers, public authorities, vehicle manufacturers and other market participants will also be important as Serbia's electric vehicle fleet expands.

The discussion brought together representatives of AMS Osiguranje, Globos osiguranje, DDOR osiguranje, Dunav osiguranje and Triglav osiguranje.

Source: osiguranje.hr