Future of car insurance: Allianz is thinking about tariff models with individual risk weighting

Future of car insurance: Allianz is thinking about tariff models with individual risk weighting

According to a report by www.faz.net, Allianz, as one of the market leaders in Germany with nine million insured motor vehicles, is thinking about tariff models that give greater weight to the drivers' individual risk. Artificial intelligence should make it possible to take individual driving styles into account and adjust insurance premiums accordingly.

This proposed change could have a significant impact on the insurance market, as well as on consumers and the automotive industry. Until now, insurance premiums have mainly been calculated based on a few parameters such as the vehicle model and information about the person and the potential driver. A no-claims bonus was granted for driving without an accident, which reduced the premium over the years.

With the introduction of tariff models that take greater account of the drivers' individual risk, insurance premiums could depend more directly on individual driving behavior in the future. This could increase premiums for riskier drivers, while safer drivers could benefit from lower premiums.

This change could lead to consumers monitoring and adjusting their driving more closely to save costs. At the same time, this could also have an impact on the automotive industry, as safer vehicles and assistance systems may be in greater demand in order to reduce insurance costs.

Overall, the introduction of these new tariff models could significantly influence the dynamics and behavior in the insurance market and in the automotive industry. However, it remains to be seen how the actual implementation and implementation of these models will take place.