The mobility sector is experiencing significant shifts as emerging technologies, evolving business models, and new market entrants reshape the landscape. Industry participants are adapting to rapid changes that often outpace regulatory and market frameworks.
Gorav Dheer (pictured above), underwriter for digital solutions and strategic advisor for liability global risk at HDI Global, outlined several trends influencing the sector. He noted that the mobility ecosystem now extends beyond vehicle manufacturing to include a broad array of solutions, connected services, and sustainability initiatives.
“From micro-mobility, cars and trucks through to drones, smart traffic lights, road guardrails and even whole cities, today’s ecosystem covers a wide range of technologies and stakeholders,” Dheer said. He emphasized that companies need to consider not only their own products but also the entire supply and service chain to remain competitive.
Dheer pointed out that customer preferences are shifting away from traditional car ownership toward leasing and flexible subscription-based models. The pace of technological advancement, particularly in electric vehicles, is driving this change.
Customers are seeking shorter contract terms to maintain flexibility and respond to new innovations. As a result, providers are adjusting pricing and service structures to accommodate shorter cycles and variable usage, including insurance solutions that reflect these trends.
Electric mobility presents both opportunities and challenges. The battery, which represents a significant portion of an electric vehicle’s cost, is now a focal point for risk assessment. Issues such as battery condition, lifespan, residual value, and charging infrastructure are central to business models.
Dheer noted that regular monitoring and protections like residual value guarantees can help build trust and stabilize operations in the electric mobility space.
These changes are reflected in the insurance industry’s growth patterns. Over the past five years, the global commercial property and casualty (P&C) sector has seen premiums rise by an average of 8% annually.
This steady growth highlights how insurers are responding to the increasing complexity of mobility risks and the need for more comprehensive coverage options. As insurers adapt, their ability to execute within core business lines is becoming a key factor in maintaining profitability and supporting innovation in mobility.
Autonomous driving is also advancing, with some markets already seeing serial applications. However, regulatory clarity and ethical considerations remain unresolved in many jurisdictions.
Dheer advised that companies investing in autonomous technologies should collaborate with experienced partners to develop risk coverage strategies early, especially in areas where historical claims data is limited. “A targeted approach can reduce uncertainties and secure a head start,” he said.
At the same time, rising costs – including repair expenses and reinsurance premiums – are making affordability a central concern for both insurers and customers. The industry is being encouraged to innovate and expand coverage, particularly in underinsured regions and for new mobility models that may not fit traditional insurance frameworks.
Dheer noted that working with knowledgeable partners and maintaining a broad perspective across the supply and service chain are essential for sustainable innovation and risk management. He cautioned that companies relying solely on internal efforts may struggle to keep up with the pace of change.
“Innovative solutions and experienced partners are the key to managing risks and unlocking the diverse opportunities of tomorrow’s mobility,” he said.
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