UAE-based AI insurtech firm Shory has announced a strategic partnership with Electric Vehicle Services (EVS) and Fidelity United Insurance to introduce a dedicated insurance solution for Chinese electric vehicle (EV) owners in the United Arab Emirates. The initiative aims to support the country’s growing EV market by addressing key challenges faced by consumers.
Addressing a Critical Market Gap
As the adoption of electric vehicles accelerates in the UAE, owners of popular Chinese EV brands have often encountered difficulties in securing suitable insurance coverage. These challenges include outright rejection by insurers, prohibitively high premium costs, and a lack of access to qualified repair facilities equipped to handle the specific technical requirements of EVs.
This new solution directly targets these issues, providing comprehensive coverage for a range of models from manufacturers such as BYD, ROX, Jetour, Avatr, Zeekr, Chery, and Volkswagen.
A Strategic Partnership for EV Adoption
The collaboration leverages the unique strengths of each partner to create an end-to-end service for EV owners. Shory provides its advanced digital insurance platform for a seamless customer experience, Fidelity United brings its trusted motor insurance underwriting, and EVS contributes its certified EV repair network, ensuring all maintenance and repairs meet stringent technical and safety standards.
This move is part of Shory’s broader strategy to expand into specialised motor insurance segments and foster EV adoption through transparent, technology-driven solutions.
Leadership on the EV Transition
Aoun Al Smadi, CEO of Shory UAE, highlighted the initiative’s customer-centric approach. “Electric vehicles are reshaping how people drive, maintain, and repair their cars. This partnership with EVS and Fidelity United allows us to put customer needs first, support the growing EV market, and give customers access to EV specialist repairs backed by trusted underwriting.”
Ahmed Nasef, CEO of Fidelity United, commented on the evolving nature of risk in the automotive sector. “The transition to electric mobility is changing how vehicles are powered and how risks are assessed. Our role is to evolve alongside this transformation, ensuring coverage is supported by dependable repair networks and designed around the real needs of EV owners.”
About Shory
Shory, a First.tech company, is an AI-powered insurtech firm based in the UAE. The company is focused on revolutionizing the insurance industry by providing seamless, transparent, and technology-driven solutions for consumers. Shory aims to simplify the process of obtaining insurance coverage across various segments, with a growing focus on specialized markets like electric vehicles.
Source: Fintech News AE
