Compliance Alerts

    Auto (2)

    COVID-19 Continues to Impact Auto Insurance Market

    Dec 17, 2021 / by Meg Lech posted in Technology, Data & Technology, COVID-19, Tech News, IoT, P&C Insurers, Auto, Commercial Auto, AAIS Insights, Personal Auto, Data/Tech, Compliance, Insurance Line of Business

    0 Comments

    As the pandemic rolls on, with the omicron variant providing the latest wrinkle, the auto market continues to be reshaped by COVID-19. Aside from the overall financial impact, now increasing claims, severity of claims and higher losses, and worsening consumer behavior are all leaving a mark. Here is the latest from around the industry:

    Read More

    Keeping Pace with the Evolving Auto Industry

    Nov 2, 2021 / by Ash Naik posted in Community, Technology, Issues & Trends, Data & Technology, Tech News, Telematics, P&C Insurers, Auto, Commercial Auto, AAIS News & Views, AAIS Insights, Personal Auto, Data/Tech, Insurance Line of Business

    0 Comments

    A Fast-Moving Auto Industry Presents Challenges and Opportunities

    The automotive industry transformation continues to have significant repercussions in the insurance industry. With improving sophistication in car technology, telematics, and consumer behaviors, insurance carriers face new and unprecedented challenges spanning the entire lifecycle of the policy from research to claims. Still, personal and commercial auto insurance remain the industry bellwether as the largest product lines accounting for more than $300 billion in annual premiums.

    Read More

    A Data-Driven Future: 2020 Auto Trends

    Jun 16, 2020 / by Casey Brewer posted in Issues & Trends, Data & Technology, Insurtech, Telematics, P&C Insurers, Auto, Commercial Auto, Data/Tech, Data Management, 2020 VME, TNEDICCA, AAIS Views

    0 Comments

    The auto industry is fueling up for new technology down the road. Fully autonomous vehicles and advanced crash-data analysis will all impact not only how the industry operates, but how it is insured as well.

    Read More

    Driving the Future of Auto Insurance

    Jul 8, 2019 / by Casey Brewer posted in Issues & Trends, Data & Technology, Insurtech, Telematics, Auto, Commercial Auto, Innovation, AAIS Views, Autonomous Vehicles, AAIS Auto Program

    0 Comments

    Earlier this year, AAIS surveyed insurance carriers to better understand where they believe the auto insurance market is heading and the challenges associated with the auto technology evolution. After analyzing the responses, the results were clear: change is coming, and the opportunities for AAIS to help Members stay ahead of the curve are great.

    Read More

    Insuring the Ridesharing Economy...Vehicle Sharing and Telematics

    Nov 29, 2017 / by Casey Brewer posted in Issues & Trends, Data & Technology, Insurtech, Telematics, New/Emerging Risks, Auto, Commercial Auto

    0 Comments

    Shared mobility services are not only growing, they also are expanding in scope. Among these trends is the significant increase in vehicle sharing programs. A recent Frost & Sullivan report noted that approximately 7 million users were sharing roughly 112,000 vehicles in 2015 in the United States alone. These numbers are expected to grow to over 36 million users and 427,000 vehicles by 2025. Market revenues are predicted to increase to more than $16 billion within the next five to ten years.

    Read More

    Disruption in the Personal Auto Market

    Oct 11, 2017 / by Casey Brewer posted in Technology, Issues & Trends, Data & Technology, Insurtech, Telematics, Auto, Personal Auto

    0 Comments

    The Greek philosopher Heraclitus is credited with coining the phrase "the only constant is change". Odds are he wasn’t predicting the current state of auto insurance, but those words ring true today as we look at this ever-changing marketplace. Lately there has been a lot of discussion about auto insurance, and varied opinions around the future of the largest line of P&C business. Nobody knows exactly what the auto insurance market will look like in 20 to 30 years, but it will be vastly different than it is today. AAIS Auto Product Manager Casey Brewer outlines the forces currently reshaping the market. Following are excerpts that summarize "The Trifecta of Disruptive Trends" affecting the Personal Auto Insurance market.

    Read More

    Lists by Topic

    see all

    Posts by Tag

    See all