Insurance: what changes

Insurance: what changes

The habits of consumption, moving or behavior of insured have evolved in recent years. As a result, insurers must become aware and adapt to this environmental change. Digital is now omnipresent in all sectors of society, which causes a permanent mutation of technology.

Thus, the use of these new digital technologies is generalized, diversifies and multiplies. Insurance companies must take into account this evolution to stand out from their competitors. We will explain the changes in the insurance that will intervene in 2017.
Changes in auto insurance

Increasing car insurance, insured people adopt the sharing economy, and the automotive field does not escape this movement. Many motorists do not have any vehicles and choose to share them according to their needs. As a result, insurance companies must offer on-demand services to cover the mobility and use of their insured, and more only the vehicle that belongs to them.

Embedded technology is the answer that insurers will propose in 2017 concerning car insurance. Indeed, there is already a "self-connected" offer for auto contracts and this offer tends to grow. It ensures the conductors on demand and is named "Pay How You Drive" (pay as you drive) in the Anglo-Saxon countries. The price of the "self-connected" offer varies depending on the behavior of the insured and kilometers it really travels.

Smart cars, or autonomous cars, also change the world of car insurance. These cars are equipped with a large number of embedded technologies such as management and speed management, avoidance of the hazards of the road or the alarm when the driver fatigue is detected.

The problematic for insurance companies is the establishment of responsibilities in the event of an accident. Currently, it is the owner of the vehicle that is designated responsible. But this point of view is evolving and the insurers now mention the responsibility of the builders, their subcontractors and the web companies that market these technological innovations. Similarly, the year 2017 will provide answers to these crucial questions.