Automakers are making their own forays into the digital space. Once the domain of third parties, carmakers themselves are getting into the game. Here we briefly look at the strategic partnerships, pilots and internally-led innovations carmakers are working on, as well as new business models for car sharing (wherein multiple parties own one car, or a corporation owns a car and rents it out fractionally, permitting use by a larger group of people).
What it is: A peer-to-peer ‘social insurance’ company based in Germany that invites customers to opt in to a group policy which is shared between friends.
How it works: Each group policy includes a pool of money, fed by a percentage of each member’s premium, which can be used to pay out small claims. If, at the end of the year, there is money left in the pool, everyone gets their share of the remainder back.
Why it's disruptive: Part of the premiums still go to regular insurance, but the idea of money back each year underwritten by the desire to do right by your friends is an unconventional and attractive value add—especially for people who see in their cultural identity collaboration, community and “pay only for what you use”. In 2013, roughly 90 percent of users who took advantage of the peer-to-peer-insurance model were repaid contributions.
Today, Causeit is proud to launch its major research article, From Automobile to Automobility: Technology’s Promise for Cars.
In this article, you'll read about the challenges humans have faced in mobility, learn which companies that are disrupting the automotive industry, and experience what a commute to work will look like in a smart city of the future.
Explore the shift from vehicle production to automobility as a service.
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