The UK is experiencing a transport revolution that will change the dynamic of the car parc forever. Motor insurers must be ready to face new and emerging risk and claims challenges with total confidence.
Thatcham Research’s ‘Claim of the Future 4’ report gives insurers the critical guidance they need to successfully navigate a path through this period of seismic mobility change.
The exclusive insights contained within the ‘Claim of the Future 4’ report are grounded in Thatcham Research’s robust vehicle intelligence and knowledge, high-level research, VM-supported testing, more granular and timely data, expert data analytics, and industry-wide reach that no other organisation can lay claim to.
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We make an uncertain future more predictable for Members, and safer for consumers.
A relentless inquisitiveness of the changing nature of risk, fuelled by fundamental changes to the car and mobility are woven through this fourth edition of our study. Our goal is to inform what the future may look like for our Member Insurers. We explore the crucial data intelligence, insights and products that are needed to futureproof their businesses.
The Claim of the Future 4 report has been written with a clear objective: to give insurer Members the critical guidance they need to face new and emerging risk and claims challenges with the utmost confidence.
The major, transformative changes and trends above are placing the automotive industry under intense pressure.
Without the constraint of legacy equipment and investments to recover, new competitors in the form of start-up Electric and Automated vehicle manufacturers could make further inroads.
Different ownership models also fundamentally change the economics of building and selling cars. In combination, these factors are having a major cumulative effect on the industry.
With such pace and volume of vehicle change in Automation, Connectivity and Electrification, putting new challenges in front of motor insurers, Thatcham Research’s work has never been more valuable in helping insurers to overcome these hurdles.
