Car insurance needs to adapt for ‘changing marketplace for the future’ – LV=GI

futuristic car

Insurers will have to adapt to bring ‘value’ to the consumer beyond insurance, says insurer managing director

Insurance is evolving and technology is “fundamentally changing” the safety of vehicles. To embrace this “changing marketplace for the future”, insurers need to “evolve [and] adapt to the fact that cars will be crashing less”, said Heather Smith, managing director for direct insurance at LV= General Insurance (LV=GI).

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