A couple readers have asked about how insurance company are reacting to and preparing for AVs and other emerging trends in the automotive space.
As it happens, my colleague Matt Wong (@mlcwong) discussed different insurers’ initiatives in a recent issue of Insurtech Insights, framing them in the idea maze concept of Andreessen Horowitz board partner Balaji Srinivasan.
On the subject of AVs, our latest research brief broke down the continued acceleration in auto tech financing this year. The data validates a gut feel assumption that the autonomous vehicle ecosystem has driven much of the increase.
Deals have shown no signs of peaking since Q2’16, reaching a new high last quarter. However, although outsized mega-rounds continue pushing up funding totals in Q4’17 (like NIO’s latest $1B raise), deal activity has pulled back.
It remains to be seen whether deal momentum will continue into 2018, or whether capital will begin to concentrate around leading startups hoping to move closer to market in these resource-intensive fields.
The sharp rise in corporate and CVC investors reflects the entrance of not only auto OEMs and suppliers, but also players from the semiconductor and aerospace sectors.
Blockchain on a boat
Maersk and other maritime logistics players are exploring blockchain applications to increase efficiency and transparency in their operations. Projects under exploration include streamlining communications, marine insurance, and cybersecurity.