Behind new fuel cells, connected cars are the next biggestdisruptor driving innovation in the automotive industry. Today’scars can already park themselves, help drivers avoid traffic, andautomatically find the closest gas station when the tank is low. Inthe very near future it will be the norm for cars to be autonomous.Connected cars are aligning with car owners’ digital lifestyles andoffer a safer, smarter, and enhanced driving experience.
For insurers, however, connected cars are altering thetraditional landscape of auto insurance and posing real challengesthat require insurers to rethink policies, claims processing, andtheir overall business models. Insurers who evolve with theautomotive industry are the ones who will secure their place asindustry leaders going forward.
Leveraging big data is mandatory
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