In this article we look at the effect of the emerging mobility ecosystem and we explore new business models to shake up the traditional insurance landscape.
The emerging mobility ecosystem will bring significant disruption – and therefore opportunity – for the insurance industry. The development of Autonomous Vehicles (AV) and Mobility as a Service (MaaS) will shift the emphasis from providing individuals with cover to providing insurance for fleet owners and AV manufacturers.
In the face of such fundamental changes, new business models will be needed if insurers are to thrive. The changes to the current insurance model that are coming are too large to simply ‘leave for later.’
In this article, we consider how the traditional components of the insurance landscape will be transformed by the emerging mobility ecosystem. In particular:
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