Charging system
The "charging system" includes various elements, like home and outdoor charging infrastructure, as well as hardware components such as charging stations, ports, connectors, cables, and the necessary software for user authentication, billing, and remote monitoring. The range of EV charging systems varies from home-based Level 1 (120 Volts) chargers to public Level 2 (220/240 Volts) chargers and high-power DC (480 Volts) fast chargers, all designed to meet the diverse needs of electric vehicle owners. The primary hazard associated with EV charging is fire. The cause of the fire is often outdated electrical wiring and an unstable power supply in the charging location. If charging is done at home, such incidents could damage both the EV and the property.
When using public charging stations, the consequences may extend to damaging other vehicles and nearby properties. The charging stations and ports are exposed to weather events like heavy rain and flooding that could pose risks. Additionally, these stations are susceptible to acts of vandalism, such as tampering with electrical components or the charger, which could cause serious accidents during charging. Charging involves the transmission of high-voltage electricity, and malfunctions can result from factors such as physical damage, wear and tear on the charging port, connector, cable, or software glitches. There is also a potential risk of electric shock from a compromised charging system.
Bu hikaye THE INSURANCE TIMES dergisinin July 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye THE INSURANCE TIMES dergisinin July 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
"IMS Unison University differentiates itself in the Indian higher education landscape through a strong commitment to quality education, a personalized student experience, and a modern, industry-relevant curriculum."
About Dr Anil Subba Rao Paila
IRDAI Corner
Insurance Regulatory and Development Authority of India (Insurance Fraud Monitoring Framework) Guidelines, 2024
Insurance Caselaws
The Himachal Pradesh State Commission orders Oriental Insurance Co. to pay Rs. 7.9 lakhs for repudiating an insurance claim solely because of delayed notification.
New Product Launches
Canara HSBC Life Insurance unveils new plan combining life protection and wealth creation
Gunford: Marine Insurance Fraud or Purely Coincidence!!
Global Maritime trade is affected hugely by the policies of maritime insurance being followed in various nations. An insurance policy is a contract in which an individual or entity (known as an insured) receives monetary reimbursement against losses, emerging from the occurrence of an event, from an insurance company (known as an insurer), generally in exchange for a premium.
How various insurtech startups are addressing the challenge of low market penetration in the Indian Life insurance sector
India's life insurance sector, despite being one of the largest markets in the world by population, faces a significant challenge in terms of market penetration. With a penetration rate hovering around 3% of GDP, it's clear that a vast majority of Indians remain either uninsured or underinsured.
Exclusion clauses in Insurance Contract: Enforceability and Interpretation
The terms of the insurance contract require strict construction without eschewing or adding the words in the contract. However, insurers are exempted from any liability where the loss is attributable to an excluded peril specified in the exclusion clause or not mentioned in the covered causes/perils/risks/loss.
Risk Management 2.0 in the new Gen Z Milieu
I notice that the world has significantly changed over the last five years due to black swan events (like Covid-19), geopolitical upheavals affecting supply chains (like situation in Middle east and Eastern Europe) and tech advances (like Al, robotics) have reshaped the risk landscape. Risk professionals must now adapt faster than ever to navigate these disruptions to ensure business resilience.
International News
Growing demand in Europe: Munich Re remains disciplined while further expanding
Life Insurance News
About 7 crore people have subscribed to the Atal Pension Yojana (APY) whose corpus has swelled to Rs 35,149 crore, Finance Minister Nirmala Sitharaman said.
