Property Casualty 360 published the recent findings of a report from Deloitte Consulting LLP that predicts the evolution of customers and products will transform the current passenger automobile insurance industry.
The report, “Insuring the Future of Mobility: The Insurance Industry’s Role in the Evolving Transportation Ecosystem,” finds that changes in mobility will likely “reduce, reallocate or eliminate a substantial amount of today’s insurance premiums.” The report projects that over the next 25 years, total auto insurance premium need may decline by up to 30 percent.
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