Commercial Auto

How Regulation is Impacting Auto Insurance

Feb 16, 2022 / by Lori Dreaver Munn posted in Community, Issues & Trends, Insurance News/Current Events, Regulatory/Compliance, P&C Insurers, Commercial Auto, Legislation & Regulation, AAIS News & Views, AAIS Insights, Personal Auto, Insurance Line of Business, auto insurance

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Regulation plays an outsized role in the development of the auto insurance sector. Since the beginning of the pandemic, we have seen an even higher than usual impact from wild fluctuations in rates, claims, premiums, and consumer reimbursements, to activities impacting the industry itself.

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COVID-19 Continues to Impact Auto Insurance Market

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

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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:

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Keeping Pace with the Evolving Auto Industry

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

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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.

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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 Management

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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.

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Driving the Future of Auto Insurance

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

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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.

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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

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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.

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AAIS Learning-Pandemic Coverage in the Age of COVID-19
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