Experts: Auto insurance is set to evolve with new coverage types

01/8/2013 | InsuranceTech.com

The auto insurance business is likely to remain normal for "the foreseeable future" amid technological advances, but factors such as new types of coverage could cause shifts in the industry, write Marik Brockman and Anand Rao of PricewaterhouseCoopers. "Despite some doomsday predictions for the industry, there are opportunities for insurers to develop innovative new products, alternative distribution approaches, and new customer segments which can help them thrive, not just survive," Brockman and Rao write.

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