5 predictions for the auto insurance industry in 2022
Businesses
and consumers alike have had their fair share of difficulties with the ongoing
pandemic. 2022 marks a hopeful new perspective for all, including the insurance
industry.
Auto
insurance’s challenges run deep: In the past two years, carriers have had to
adjust to the rise of price comparison websites, monitor consumers’ changing
driving habits (and assess whether the changes are temporary or permanent), and
deal with an ever growing number of fast-moving startups that wish to change
the auto insurance game.
But
there’s definitely still life in the old firms. Traditional insurers are
looking to 2022 with greater resilience and more targeted offerings to meet
consumer demands, which have evolved vastly over the last two years.
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