The future of transportation is here. This isn't a line from Hollywood's next big sci-fi thriller but the tone of the coverage coming out of the 2018 Consumer Electronic Show and the North American Auto Show, both of which happen in January. Gadgets lovers used to converge on the annual Consumer Electronics Show (CES) in Las Vegas to get a first look at new tablets, mobile phones and lifestyle devices. But consider that this year's Show included a 290,000-square-foot "Vehicle Technology" exhibition space where roughly 600 exhibitors showed off the latest in self-driving technology and "smart mobility." It follows that USA Today dubbed CES 2018 one of the year's best car shows, and that The Boston Consulting Group (BCG) has listed several automakers among its annual rankings of the world's top 20 "Most Innovative Companies." Within the property & casualty insurance sector, opinions are mixed about whether the rise of autonomous vehicles will create new markets and opportunities for insurers, or seriously shrink the auto insurance market. But, three trends persist:
          • Companies that foster smart innovation strategies top headlines.
          • The innovation game is dominated by strategic partnerships that simultaneously boost technology resources and business outcomes.
          • Insurers continue to face evolving personal and commercial markets that will require creative coverage solutions.
With these trends in mind, here is a sampling of the vehicle technology updates that will shape the way insurers do business in 2018. Related: 7 ways auto technology is impacting insurance coverage  

 

 

 

 

 

 

 

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Elana Ashanti Jefferson

Elana Ashanti Jefferson serves as ALM's PropertyCasualty360 Group Chief Editor. She is a veteran journalist and communications professional. Reach her by sending an e-mail to [email protected].

Sales & Marketing
Auto
Commercial Lines
E&S/Specialty
Personal Lines
Cybersecurity
Loss Control
Analytics & Data
Technology Solutions