Why are autonomous vehicles not on the roads yet? Why should you pay a premium based on residence and age rather than on how risky your driving is? Why doesn't driving a car, equipped with state-of-the-art, modern safety features, translate into lower premia? Will Electric Mobility change the frequency and severity assumptions the insurer makes?
With global population rising, the mobility demand increases. This is translating into articulated mobility offerings, which are already visible in medium and big cities across the world, including some very future-oriented options, like Waymo's established ride sharing program on fully autonomous vehicles in Phoenix, United States.
Mobility-as-a-Service solutions with a variety of public/private transportation options, flexible rental plans for cars, but also e-scooters and bikes will pose several questions from an insurance angle, but also opportunities for holistic coverages along a trip.
Partnerships are key. Car manufacturers, tech providers, hardware and software suppliers, and map providers are all playing a crucial role in advancing mobility. Insurance has to serve the ultimate needs of the drivers which become more sophisticated as their options to go from A to B vary. In a future which some carmakers already declare free from the vehicle-related accidents, risks will not cease, they will only take different shapes.
At Swiss Re we apply deep knowledge, intelligent data, and capital strength to anticipate and manage risk. Learn more in Swiss Re's publication: The future of motor risk: Driver today, passenger next. It gathers insights and experience from our mobility experts and will give you the inspiration to look at the future with positivity and enthusiasm.