Visions of Commercial Transportation: The Future of Commercial Auto Insurance Is Here

March 12, 2019 by Russ Banham

Executive Summary

Although commercial auto remained one of the industry's most troubled insurance lines in recent years, platooning big rigs, electric vehicles, telematic devices and computer vision cameras are putting the promise of safer roadways on the near-term horizon, experts in commercial transportation and insurance report. Opening Photo Tesla electric semi from Tesla online press kit

For several years now, the commercial auto segment has been among the property/casualty insurance industry’s worst performing lines. Wounded by a sharp uptick in claims frequency and severity and helped little by inadequate premium increases, average direct loss ratios and combined ratio hover around 66 and 110, respectively.Executive SummaryAlthough commercial auto remained one of the industry’s most troubled insurance lines in recent years, platooning big rigs, electric vehicles, telematic devices and computer vision cameras are putting the promise of safer roadways on the near-term horizon, experts in commercial transportation and insurance report.