The new mobility ecosystem's affect on the insurance industry will be wide-ranging and complex, touching nearly every part of the insurers' businesses, says a new report from Deloitte Consulting LLP, "Insuring the future of mobility: The insurance industry's role in the evolving transportation ecosystem."
Published May 13, the report predicts that the evolution of customers and products will transform the current passenger automobile insurance industry, providing new opportunities while simultaneously eliminating some traditional ones.
Shifting customer needs and improvements in vehicle safety are two expected results of the changes in mobility, the report states, which will likely "reduce, reallocate or eliminate a substantial amount of today's insurance premiums."
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Rosalie Donlon
Rosalie Donlon is the editor in chief of ALM's insurance and tax publications, including NU Property & Casualty magazine and NU PropertyCasualty360.com. You can contact her at [email protected].
