The nature of automotive insurance is changing as technological innovations, new entrants, and shifting consumer behaviors force change on a range of industry participants. There are many opportunities for the existing industry players to maintain and grow their relevance as new insurable risks emerge, and new markets open. Opportunities also exists for new industry entrants, like insuretech startups, which aim to bring change to how consumers shop and pay for policies. The road ahead requires a clear vision for the future, and MK&A can help. Here are some ways that we’ve helped automotive insurance companies.
- Developed a strategy for a North American automotive insurer to improve its products and services offerings in the automotive lending and capital markets verticals.
- Assisted a roadside assistance organization with a nationwide growth strategy.