Please wait while the search results are loading...

Gig Economy and Self-Driving Cars Pose Insurance Challenges and Underwriting Opportunities, Business and Industry Trends Analysis

Transportation industry analysts believe that, over the mid- to long-term, more and more consumers will forgo car ownership in favor of ride-hailing services (such as Uber, Didi and Lyft).  This has profound implications for the future of the automobile insurance industry, in the same way that it will deeply affect the automobile manufacturing sector.
Consequently, insurers are scrambling to devise policy options that cover drivers (or riders, which may include paying passengers) in a wide variety of transportation scenarios.  Allstate subsidiary Arity is working to analyze staggering amounts of telematics (digital automobile trip records) data on personal driving habits to help develop such insurance options for the future.  Arity says it has access to more than 1 billion miles of new driver information per month on top of 10 years of archival data from Drivewise, another Allstate subsidiary.  Analysis of this data may help Allstate form a benchmark for future rates in emerging mobility services trips.


A Representative List of Organizations that Have Used our Research and Products:



Testimonials

I’m amazed at how much information is available and the various ways to access it. This will be a major resource for our serious job seekers.

Career Services, Penn State University

Plunkett Research Online provides a great ‘one stop shop’ for us to quickly come up to speed on major industries. It provides us with an overall analysis of the market, key statistics, and overviews of the major players in the industry in an online service that is fast, easy to navigate, and reliable.

Wendy Stotts, Manager, Carlson Companies

I really appreciate the depth you were able to get to so quickly (for our project). The team has looked through the material and are very happy with the data you pulled together.

Hilton Worldwide, Marketing Manager
Real Time Web Analytics preload imagepreload image