Subscription models another competitive vector for motor insurers
Volvo launches full subscription model covering the car, servicing, tyres, mobile data, insurance. Tesla looks to be moving in this direction as do the likes of Daimler Benz. The insurance dimension is fascinating. We are likely to see highly customised pricing and underwriting enabled by connected car tech. Certainly, manufacturers and their partner insurers will be in a very powerful pricing and underwriting position to identify and keep the best risks!
