Toyota investment and ride-hailing providers opens up the opportunity to build connected autos and bundle insurance and maintenance. Insurers need to factor strategy and developments like this into their own vision and strategies.
"Toyota Chief Executive Officer Akio Toyoda sees the industry shift threatening the very existence of the company his grandfather founded in 1937, and is pursuing a transformation into a mobility services provider."
...... "The Toyota executive sees Uber’s Advanced Technologies Group -- where it conducts its autonomous driving research -- as essential to its corporate value, and said both companies have high expectations for the other’s software."
Digital Insurance Sep 27th, 2018
Digital disruption is not just from insurtechs, GAFAs and other insurers but the evolving ecosystems.
That’s behind the hefty investments that the company has made in ride-hailing providers, most prominently the $1 billion that it poured into Southeast Asian leader Grab. Toyota sees the partnership as an opportunity to get Grab to buy more of its cars and to push services like insurance and maintenance, Shigeki Tomoyama, the global head of Toyota’s connected car division, said in an interview this month in Nagoya, Japan.