Autonomous vehicles, auto subscription pricing with bundled insurance- all part of the changing auto insurance landscape.
New technology stacks on platforms are creating future winners. Who owns the stack owns a first step to domination. See
"3 ways self-driving cars will affect the insurance industry"
Insurers need to pick the right partners from manufacturers, OEMs, Software vendors, Digital Giants and, of course insurtech innovators. Look at the heading image to see today's connected partners but expect exponential change.
The future is bright, to coin a phrase, but some insurers will get dazzled and distracted. Time to focus on strategy, transformation, digital platforms, and. mostly, the customer.
The emergence of new car subscriptions could also have a significant impact on the P&C insurance industry depending on the longer-term adoption and scale of such programs. Because most car subscription programs come with insurance coverage included, consumers that sign up do not need to go out and obtain car insurance on their own.
https://www.cbinsights.com/research/insurance-car-subscription-partnerships/
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