Introduction of electric vehicle insurance reinforces MAPFRE’s ‘commitment to the future of mobility’, says COO

MAPFRE Middlesea has teamed up with automotive company Mizzi Motors to bring electric vehicle (EV) insurance to the Maltese islands.

In doing so, MAPFRE Middlesea hopes to spur further action in the global fight against climate change whilst setting an example within the local insurance industry.

Mizzi Motors, one of the leaders in the local EV market, will be offering MAPFRE Middlesea’s new insurance product in tandem with its diverse range of EVs.

“We strongly believe that the transition to electric vehicles will play a crucial role in tackling climate change,” said President and CEO of MAPFRE Middlesea Javier Moreno.

Whilst acknowledging the steep price of most EVs, Mr Moreno highlighted that “research has shown that making the switch to greener vehicles will bring with it both financial and environmental benefits over time.”

The introduction of EV insurance to MAPFRE Middlesea’s portfolio is in line with MAPFRE’s mission to become a carbon neutral company by 2030.

“The EV insurance product launch reinforces our commitment to the future of mobility and to be at the forefront in the transformation of the mobility landscape,” said MAPFRE Middlesea COO Boris Curmi.

The environmental benefits of driving an electric car, including the elimination of toxic emission and decreased noise pollution, are especially prevalent in highly-urbanised areas of the Maltese islands.