Banking went first. Now it’s time for insurance. Disrupters are shaking up the industry and forcing new and existing stakeholders to rethink auto insurance. Forbes has an interesting take on four big opportunities that will fundamentally change the insurance industry — including:
- Online, direct-to-consumer distribution;
- Telematic products that more accurately price risk;
- New insurance structure that more effectively pool risk; and
- The potential for insurers to proactively mitigate claims.