Auto Insurance

In the face of ever-increasing premiums, auto owners are foregoing coverage, taking higher deductibles and not filing claims. This marks a profound change. 

The on-demand economy is exploding, but building suitable auto insurance products and services for the drivers fueling this economy is taking far too long.

Smartphones and apps are now at the point where we can all have dashcams — reducing fraud, simplifying the adjudication of claims, and curbing risky driving. 

Here are six strategic steps carriers can take to better prepare for handling auto claims following severe weather, such as the recent Hurricane Helene. 

Unified fleet management platforms with AI dash cams provide critical insights to improve safety, satisfy insurers, and optimize operations.

Despite the gloom and doom, there are numerous examples of companies achieving competitive advantage through their use of insurtech. 

With usage-based insurance, carriers can detect accidents instantly and dispatch assistance, but many aren't taking full advantage of their programs. 

His continual overpromising about Teslas' autonomous capabilities and his wildly optimistic plans for colonizing Mars offer lessons on mental traps to avoid.