Shifting gears in auto insurance

Posted by JP Murmann | Dec 7, 2022 | Business Models | 0 |

By Corey Bourbonais, Tanguy Catlin, Xueqi Chang, Russell Hensley, Philipp Kampshoff, Doug McElhaney, and Gavin McPhail, representing views from McKinsey’s Insurance and Automotive & Assembly Practices.

Autonomous technologies, increased connectivity, and vehicle electrification could all have a significant effect on the automotive insurance market, find senior partners Tanguy Catlin, Philipp Kampshoff, and colleagues. By 2030, $140 billion to $160 billion of the US personal-auto-insurance market could be disrupted, due to factors including improved car safety, commercial coverage for autonomous driving, and a shift in personal-lines insurance products. Read full article.

About The Author

JP Murmann

Johann Peter Murmann is Chair and Professor of Strategic Management at the University of St. Gallen. He received a BA in Philosophy with Honors from the University of California at Berkeley and a Master’s and PhD degree with distinction in Management and Organizations (1998) from Columbia University. Professor Murmann mainly focuses his award-winning research activities on systematic examination of the ways companies gain or lose competitive advantage over long periods of time. He now researchers with his team who companies can improve their forecasts.