Disrupting the Car Insurance Industry

| January 14, 2018

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Disruptive ventures arise from mobile device ubiquity, data-powered AI and digital platforms that connect buyers and suppliers in new ways. They are reshaping industries such as transportation (e.g. Uber, Lyft, Didi Chuxing), hospitality (e.g. Airbnb, FlipKey), payment services (e.g. PayPal, TransferWise) and many more. Conservative by nature, the insurance industry has been slow to embrace new digital business models and take on disrupters. But it won’t be able to dodge the challenge much longer. Consider ZhongAn, the Chinese online insurer created in 2013 by e-commerce giant Alibaba, social network Tencent and insurer PingAn. ZhongAn has already sold more than 7 billion policies – mostly shipping return and flight delay insurance – to half a billion customers, creating massive waves in the industry with fast, innovative and customised products sold only online.

Spotlight

Devitt Insurance Services Ltd

We've been arranging insurance for UK customers since 1936, providing excellent customer service that is both helpful and clear. We offer competitive prices on motorbike insurance, car insurance, van insurance, home insurance and business insurance including specialist insurance policies for dealers and training schools. Comparing quotes from the UK’s biggest insurers including Ageas, Aviva, AXA, Chaucer, Equity, LV, NIG, Provident and many more, we’re here to find the right insurance for you, at the best price.

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Spotlight

Devitt Insurance Services Ltd

We've been arranging insurance for UK customers since 1936, providing excellent customer service that is both helpful and clear. We offer competitive prices on motorbike insurance, car insurance, van insurance, home insurance and business insurance including specialist insurance policies for dealers and training schools. Comparing quotes from the UK’s biggest insurers including Ageas, Aviva, AXA, Chaucer, Equity, LV, NIG, Provident and many more, we’re here to find the right insurance for you, at the best price.

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