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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