Gorav Dheer, Underwriter Digital Solutions & Strategic Advisor Liability Global Risk at HDI Global, explains the key developments shaping the mobility industry. He outlines how companies can minimise risks and seize opportunities.
The mobility ecosystem is more diverse than ever
Mobility no longer stops at vehicle manufacturing. Today, it encompasses far more than just the car and extends to mobility solutions, connected services and sustainable concepts that are shaping the entire ecosystem. 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.
Successful companies consider not only their own product, but also the entire supply and service chain. Those who understand the interfaces and work closely with partners who appreciate the complexity of this network lay a solid foundation for innovation.
New usage models are changing expectations
The trend is increasingly moving away from classic car ownership and towards leasing and more importantly, flexible subscription-based models, as many customers are seeking shorter contract terms. One major reason is the rapid technological development in electric vehicles, with new and improved models constantly entering the market. Many customers therefore want to remain flexible and be able to respond quickly to innovations.
For providers this means pricing and service concepts must be tailored to shorter cycles and variable usage patterns – including appropriate cover solutions.
Electric mobility brings new values and risks
The battery is the heart of an electric vehicle and one of its greatest cost factors. Its condition, lifespan, residual values and the charging infrastructure are now central issues. Regular monitoring of battery health and protections such as residual value or guarantee solutions strengthen trust in electric mobility and stabilise business models.
Autonomous driving requires early engagement
Autonomous technologies are no longer a vision of the future; in some markets, the first serial applications are already a reality. However, regulations and laws in many areas remain unclear and ethical questions unresolved. Companies investing in this field should work with experienced partners to develop risk coverage concepts at an early stage. This is especially important where there is little historical data or claims experience. A targeted approach can reduce uncertainties and secure a head start.
Experienced partners ensure planning security
In the mobility sector, it is more important than ever to look beyond your own product. Companies that are willing to adopt new perspectives and systematically analyse the entire supply and service chain create the foundation for sustainable innovation and stability. Solo efforts, on the other hand, carry the risk of failing to keep pace with the speed of innovation.
New technologies and business models are changing mobility faster than many expect. Companies that identify key trends early can secure decisive competitive advantages. Innovative solutions and experienced partners are the key to managing risks and unlocking the diverse opportunities of tomorrow’s mobility.