Insurance Industry
Trends and impact of future mobility
The future of mobility and the impact on the technological progress of various industries are the subject of this comprehensive study by msg Plaut.
The insurance industry must adapt to the rapid development of vehicle technologies and adjust its business models. The lack of historical data on new technologies makes it difficult to assess risk and price insurance policies. To remain competitive, the industry needs to introduce innovative products tailored to the on-demand mobility market.
Rising claims costs due to vehicle technology and batteries are also a problem, and the changes in the risk landscape need to be taken into account.
The insurance industry also has to deal with new types of risks, such as cyber attacks and theft. The paradigm shift towards autonomous vehicles requires a re-evaluation of coverage policies insuring car and software manufacturers, as with autonomous vehicles responsibility for accidents will lie with manufacturers rather than human drivers.
Liability for data breaches is another challenge that requires a comprehensive understanding of legal and technical aspects.
Do you have questions?
Our study highlights the important skills that businesses and institutions need to succeed in the rapidly evolving mobility sector. These include: Embracing ecosystem thinking, business model agility, digitalisation, complexity management, effective use of data, focus on customer centricity and environmental sustainability.
Implementing these capabilities can lead to creating new revenue streams, increasing customer loyalty, and driving innovation. The goal is to assist in better understanding the issues at hand and provide them with valuable insights and solutions that will enable them to succeed in this rapidly evolving landscape.
Learn more about the findings of our study and how companies and institutions can prepare for the mobility of the future.
Specific industry whitepapers
In a series of whitepapers, we look at the challenges ACES poses to the automotive industry, the public sector, and the insurance and banking industries.
By understanding the challenges and potential solutions outlined in this whitepaper, industries can navigate and thrive in the future of mobility without uncertainty.