Reinsurers can benefit from transformative motor technology
Tuesday, 10 25 2016, Category: Technology, Country: World
The increasing use of technology to gather data and improve risk assessment is set to move business from retail insurers to commercial insurance providers—a transition that will also benefit reinsurers.
That is the view of Josep Celaya, chief innovation officer at Mapfre, who told Baden-Baden Today that a case in point is motor insurance.
The trend towards driving assistance and autonomous driving is shifting the liability from the individual driver or owner of the car towards vehicle and technology manufacturers or fleet managers such as Uber, benefiting commercial insurers, Celaya said.
Source: Intelligent Insurer