Advances in materials, components, joining and body techniques, as well as new repair strategies and methods, all create increased complexities for the entire motor insurance ecosystem.
Our research allows us to understand how new and emerging technologies impact all aspects of the insurance process. Deriving data, insight, and intelligence helps us provide clarity to underwriting and pricing on the risk-affecting factors arising from new technologies.
It also helps to enable repair sector readiness. We collaborate with and influence regulators, Tier 1 and 2 suppliers, and the repair sector to ensure the sustainable and economically viable adoption of new technologies and techniques.
We support vehicle manufacturers in identifying key technical gaps and inconsistencies in the implementation of new technologies or their associated repair strategies.
The biggest drivers of change include industry pressures to reduce carbon emissions and a rapid technology escalation in assistance and automation, as well as increased competition and additional market pressures. This has resulted in transformation at an unprecedented speed and volume, as new technologies, new platforms, innovative ways to achieve zero tailpipe emissions and the pace of battery and sensor development all come into play. This brings about considerations around how the added weight of electric batteries, for instance, can be balanced by vehicle structure lightweighting, and therefore leads to diversification in materials, body construction and new repair requirements.