Insurance in the new mobility ecosystem
Quantifying an uncertain future
As surely as the auto industry is headed for fundamental transformation, insurers should be prepping for change across the board, from customers to claims.
Modeling future auto insurance premiums
· Safety improvements from autonomous vehicles could decrease total annual auto insurance premiums by up to 30 percent from current levels
· Personal auto premiums could see an even more significant decrease
· The decrease in personal auto premiums will likely be offset by growth in commercial auto and product liability premiums
· Geographic distribution of auto insurance premiums will likely shift