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5. The New Normal: How Remote Work is Reshaping Commutes and Auto Insurance Risk

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The rise in risky driving behavior may be attributed to less congested roadways, which create opportunities for drivers to drive faster and more aggressively than they used to.

 

8. Insurers Struggle to Accurately Price EVs as Loss Results Outpace Expectations

Insurers will need to tune their pricing models and go through a learning curve to properly price EVs due to their fundamental differences from traditional combustion engine vehicles.
 

10.Beyond Claims History: Innovations in Sourcing Prior Loss Data for Enhanced Underwriting

Prior claims history, both at-fault and not-at-fault (where permitted), is highly predictive of future insurance loss, and insurers should explore innovations in sourcing this data from other places to improve their underwriting.
 

7. ADAS: A Double-Edged Sword for Auto Insurers, Reducing Frequency but Increasing Severity

ADAS-equipped vehicles can be more expensive to repair due to costly parts that need replacement, increasing severity.
 

4. Auto Insurance Shopping Reaches All-Time High as Consumers React to Rate Hikes

Unlike in a normal market where shopping increases but new policy purchases don't grow at the same rate, consumers in 2023 were more likely to switch policies when shopping for insurance.
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