Mobility Will Change the Face of Auto Insurance: Aite Group

Are you asleep at the wheel? The world of mobility is changing as consumers discover efficient new means of transportation

Boston, MA (Oct. 21, 2020) – Bike share, scooter rental, short-term vehicle rental, and car share programs are expanding globally, providing new options for consumers. In addition, the lines between personal lines and commercial lines are blurring with growth in ridesharing and delivery services. Unfortunately, these new types of mobility and vehicle use do not fit into the current insurance ecosystem, leaving many consumers without proper coverage and potentially exposing carriers to unforeseen liability. How can these mobility changes create opportunities for insurance carriers to protect their clients from loss?

New Mobility Options: Aite Group

This report acts as a guide to industry stakeholders at the onset of the revolution, identifying key current mobility trends most must consider and offering insight on value chain impacts. It is based on interviews and discussions with 26 executives at insurers, consulting firms, and technology vendors across North America and Europe between July and September 2020.

This 30-page Impact Report contains 10 figures and four tables. Clients of Aite Group’s P&C Insurance service can download this report, the corresponding charts, and the Executive Impact Deck.

Click here for the online summary or to download the table of contents.

This report mentions Amazon, Bird, DriveNow, JUMP Bikes, Lime, Lyft, Mobike, Motivate, Tier, Turo, Uber, Voi, and Zipcar.

About Aite Group

Aite Group is a global research and advisory firm delivering comprehensive, actionable advice on business, technology, and regulatory issues and their impact on the financial services industry. With expertise in banking, payments, insurance, wealth management, and the capital markets, we guide financial institutions, technology providers, and consulting firms worldwide. We partner with our clients, revealing their blind spots and delivering insights to make their businesses smarter and stronger. Visit us at www.aitegroup.com.

Source: Aite Group

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