Tesla is preparing for a potential launch of its insurance service in Europe by seeking a Legal Counsel to handle its European insurance operations.
Tesla established its insurance branch in Malta in December 2020, but it has yet to offer specific insurance services to European drivers.
However, Tesla’s recent job posting for the Legal Counsel role and its recent registration with Companies House to move its European Insurance operations to its London headquarters, located at 109 Devonshire Road, suggests that the automaker is moving closer to launching its insurance service in Europe.
See also: BYD Plans Acquisition of Seized Insurer for EV Insurance Business
Tesla posted the job in late January:
“Tesla Insurance Ltd, a full-stack in-house insurer, is rethinking the way our customers experience insurance, protect their Tesla products.
Tesla Insurance has an outstanding opportunity for a skilled Legal Counsel to build and lead the in-house legal function of the insurance company to guide through the legal and regulatory landscape of an insurer operating cross-border in Europe.
This is a full-time opportunity, to be based in our London HQ office.”
The job posting highlights Tesla Insurance as a full-stack in-house insurer that aims to revolutionize the customer experience of insurance and protection for Tesla products.
Currently, the company has only established a branch in Malta in December 2020 and hasn’t offered specific insurance services in Europe yet. However, the automaker has been expanding its in-house insurance program in the United States, which uses real-time data from driving behavior to determine rates. CFO Zachary Kirkhorn has hinted that Tesla might launch insurance in Europe by the end of 2022.
