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The future of mobility and its impact on the automobile insurance industry

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  • Nadine Gatzert
  • Katrin Osterrieder

Abstract

Among the trends impacting most industries are new mobility concepts, digitalization, urbanization, rising environmental awareness, and demographic change. The automobile insurance industry, in particular, is strongly affected by new mobility concepts, including autonomous, shared, and electric vehicles, which are expected to increasingly impact the risk exposure and insurance demand in the future. Identifying and assessing the resulting risk and opportunity landscape from these trends thus becomes a major strategic challenge for insurers. The aim of this paper is to analyze the trends that impact the field of mobility and thus automobile insurers. Based on this, we derive a set of strategic response measures for insurers to enable them to be prepared for the future of mobility.

Suggested Citation

  • Nadine Gatzert & Katrin Osterrieder, 2020. "The future of mobility and its impact on the automobile insurance industry," Risk Management and Insurance Review, American Risk and Insurance Association, vol. 23(1), pages 31-51, March.
    • Handle: RePEc:bla:rmgtin:v:23:y:2020:i:1:p:31-51
    DOI: 10.1111/rmir.12140
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    Cited by:

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    2. František Pollák & Josef Vodák & Jakub Soviar & Peter Markovič & Gianluca Lentini & Valerio Mazzeschi & Alessandro Luè, 2021. "Promotion of Electric Mobility in the European Union—Overview of Project PROMETEUS from the Perspective of Cohesion through Synergistic Cooperation on the Example of the Catching-Up Region," Sustainability, MDPI, vol. 13(3), pages 1-26, February.
    3. Christian Eckert & Christof Neunsinger & Katrin Osterrieder, 2022. "Managing customer satisfaction: digital applications for insurance companies," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan;The Geneva Association, vol. 47(3), pages 569-602, July.
    4. Darren Shannon & Tim Jannusch & Florian David‐Spickermann & Martin Mullins & Martin Cunneen & Finbarr Murphy, 2021. "Connected and autonomous vehicle injury loss events: Potential risk and actuarial considerations for primary insurers," Risk Management and Insurance Review, American Risk and Insurance Association, vol. 24(1), pages 5-35, March.
    5. Yousif Elsamani & Yuya Kajikawa, 2024. "Envisioning the Future of Mobility: A Well-Being-Oriented Approach," Sustainability, MDPI, vol. 16(18), pages 1-22, September.
    6. D. V. Bryzgalov & A. A. Tsyganov, 2022. "Consumer Limitations on the Digitalization of the Insurance Market and Ways to Overcome Them," Studies on Russian Economic Development, Springer, vol. 33(5), pages 539-546, October.
    7. Thomas Url, 2020. "Robust Growth in Non-life Insurance Secures 2019 Premium Growth in Private Insurance," WIFO Bulletin, WIFO, vol. 25(9), pages 75-86, November.
    8. Roberto Ruggieri & Marco Ruggeri & Giuliana Vinci & Stefano Poponi, 2021. "Electric Mobility in a Smart City: European Overview," Energies, MDPI, vol. 14(2), pages 1-29, January.

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