The Future of Vehicles and Insurance

TEI/IET Mobility Newsletter

Montreal, QC (July 3, 2015) – Surprisingly or not, things are changing quickly as technology in the automotive autonomy space develops further.

The technological advances of the last few years, combined with the rise of new business models in the mobility space, have already resulted in some disruption. One need only think of Uber. Just a few years ago, no one had heard of this company. Today, Uber has a valuation approaching of $50 billion, annual gross revenues of $10 billion, more than 160,000 drivers and a presence in hundreds of cities around the world. We are seeing only the beginning of the disruption. Today, this disruption is being felt by taxi drivers and others competing for a share of the urban mobility pie.

A number of trends in combination are creating the perfect storm in the mobility space. These trends include increasing urbanization, growing congestion and pollution levels as well as an aging population and a relative disinterest in driving demonstrated by younger adults. Combine these trends with a high cost of ownership and operation of a personal vehicle that is utilized only 4% of the time and you have an ecosystem that is ripe for change.

As we move into the shared, driverless mobility ecosystem, new risks will emerge and these risks will present opportunities for insurance companies that are informed, involved and willing to adapt.

Read the newsletter (PDF).


MARCON Management Consultants Inc. is a specialized market research, strategy and management consulting firm based in Montreal. For more information, visit

About the Transportation Evolution Institute

The Transport Evolution Institute’s goal is to anticipate changes related to the evolution of mobility, to develop optimal strategies for our collective benefit and to act as an instrument for their implementation. For more information, visit

Source: MARCON