While predictions of the demise of the Personal Auto insurance market due to autonomous cars were over-inflated on extent and overly-optimistic on timing, other factors are coming together to dramatically change the Auto Insurance space.
Those three drivers are:
- Connected Cars
- Embedded Insurance
- Subscription Business Models
How they will impact Auto insurers and what we can do to ensure there is still a place in the market for today’s carriers depends on how we navigate these changes.
Read the new Thought Leadership piece by Bryan Falchuk of Insurance Evolution Partners, author of the best-selling series, The Future of Insurance. This piece is available free of charge thanks to the support of Guidewire Software.