Mobility Will Change the Face of Auto Insurance: Are You Asleep at the Wheel?

The world of mobility is changing as consumers discover efficient new means of transportation.

Boston, October 21, 2020 –Bike share, scooter rental, short-term vehicle rental, and car share programs are expanding globally, providing new options for consumers. In addition, the lines between personal lines and commercial lines are blurring with growth in ridesharing and delivery services. Unfortunately, these new types of mobility and vehicle use do not fit into the current insurance ecosystem, leaving many consumers without proper coverage and potentially exposing carriers to unforeseen liability. How can these mobility changes create opportunities for insurance carriers to protect their clients from loss?

This report acts as a guide to industry stakeholders at the onset of the revolution, identifying key current mobility trends most must consider and offering insight on value chain impacts. It is based on interviews and discussions with 26 executives at insurers, consulting firms, and technology vendors across North America and Europe between July and September 2020.

This 30-page Impact Report contains 10 figures and four tables. Clients of Aite Group’s P&C Insurance service can download this report, the corresponding charts, and the Executive Impact Deck.

This report mentions Amazon, Bird, DriveNow, JUMP Bikes, Lime, Lyft, Mobike, Motivate, Tier, Turo, Uber, Voi, and Zipcar.

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