Howden brokers Ping An–Dhipaya pact for Thailand EV cover

It also aims to help Chinese EV brands address key overseas challenges.

Howden has arranged a new partnership between China’s Ping An P&C and Thailand’s Dhipaya Insurance to support Chinese electric vehicle (EV) makers expanding into Thailand and to improve warranty protection for local EV buyers.

Dhipaya will underwrite the products, whilst Ping An will provide reinsurance capacity arranged by Howden Re. The first product is expected to launch in early 2026.

The two insurers have signed an MOU under the “Chinese Automobile Insurance Expansion Program” to jointly develop extended warranty insurance products for Chinese EVs sold in Thailand. 

The arrangement gives EV owners coverage beyond standard manufacturer warranties. 

It also aims to help Chinese EV brands address key overseas challenges, including changing regulations, high repair and parts costs, and limited service networks.

The collaboration was advised by Howden Maxi, Howden’s Thai operation, together with Howden Re.