Flexibility in ownership and different driving habits are changing the way millennials purchase auto insurance. (Photo: Shutterstock)
We now live in a world of renting, leasing, subscribing, and sharing of services and products, rather than flat out ownership being the norm. From meal kits and clothing to fresh razors and tackle boxes for fishermen, there are subscription services for just about everything. In fact, 15% of on-line shoppers have subscribed to an e-commerce service over the past year, with 46% of respondents subscribed to an on-line media streaming service, according to a recent McKinsey report.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
- Educational webcasts, resources from industry leaders, and informative newsletters.
- Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
