Howden strengthens cross-border collaboration between China and Thailand with innovative EV Insurance partnership

Singapore, 8 December 2025 – Howden has announced the facilitation of an innovative partnership with leading insurers from China and Thailand to support the global expansion of Chinese electric vehicle (EV) manufacturers and enhance protection for EV owners in Thailand.

The new partnership provides innovative, sustainable and locally adapted insurance solutions for Chinese EV businesses entering Thailand. Under the “Chinese Automobile Insurance Expansion Program,” Dhipaya Insurance Public Company Limited (“Dhipaya Insurance”) and Ping An P&C Insurance Company of China, Ltd. (“Ping An”) have signed a Memorandum of Understanding (MOU) to jointly develop comprehensive Extended Warranty Insurance products for Chinese EVs sold in Thailand.

Under the MOU, Dhipaya Insurance will underwrite Extended Warranty Insurance products backed by reinsurance capacity from Ping An and placed by Howden Re. These products will provide extended protection for EV owners beyond manufacturers’ warranties, strengthening customer confidence and supporting Thailand’s transition toward clean-energy mobility. The first product launch is expected in early 2026. 

With the continued expansion of China’s new energy vehicle (NEV) exports, establishing a reliable and controllable warranty service system overseas has become a key task for automakers. However, changes in overseas policies and market environments, combined with high costs for parts and repairs and an inadequate service network, continue to pose significant challenges for Chinese NEVs in gaining market share abroad. Beyond EV coverage, the initiative also lays the foundation for broader cooperation between Chinese and Thai insurers on products tailored for Chinese entrepreneurs and tourists in Thailand, further strengthening ties between two of Asia’s most dynamic insurance markets.

The collaboration was advised and facilitated by Howden Maxi Insurance Broker Co., Ltd. (“Howden Maxi”), Howden’s Thai operation, and Howden Re, the Group’s global reinsurance arm and appointed reinsurance broker. 

Jittiwut Sasibutra, Chief Executive Officer, Howden Maxi, said: “Thailand’s EV market is expanding rapidly, but underwriting and warranty coverage remain challenging areas. By connecting Ping An’s proven expertise with the local insight of Dhipaya, Howden Maxi has helped create a sustainable and scalable insurance solution. This collaboration highlights Howden’s ability to bridge international markets and deliver innovation that benefits clients and consumers alike.”

Cynthia Cui, Head of Asia Pacific Facultative, Howden Re, commented: “Congratulations to Howden’s valued partners Dhipaya and Ping An on this collaboration. This partnership demonstrates the strength of Howden’s global model: connecting clients, markets and expertise across regions. By combining Howden Re’s reinsurance capability with Howden Maxi’s local insight, we have enabled an innovative solution for the Asia market that supports both our partners’ strategic goals and the broader EV ecosystem.”

Dr. Somporn Suebthawilkul, Chief Executive Officer of Dhipaya Group Holdings Public Company Limited and Managing Director of Dhipaya Insurance Public Company Limited, stated that “the collaboration aims to enhance customer experience and provide comprehensive risk management solutions to support the growth of the EV industry in the clean-energy era.”