Digitally - enabled car insurance policies in Europe would be worth € ##500 ( $ 16bn ) by 2020 , suggests research from consultancy Deloitte . The research also reveals 50 % of car insurance customers would share their driving data in return for additional services , while 20 % more customers are willing to share their insurance policy compared to last year . As demand for digital car insurance grows , insurers have more opportunities to offer digitally - enabled services such as automatic driver assistance or theft recovery to gain the edge on their competitors , says mark Rakow , insurance partner at hp .
Digitally-enabled car insurance policies in Europe could be worth €15bn ($16bn) by 2020, suggests research from consultancy Deloitte. The research also reveals 50% of car insurance customers would share their driving data in return for additional services, while 20% more customers are willing to switch their insurance policy compared to last year. As demand for digital car insurance grows, insurers have more opportunities to offer digitally-enabled services such as automatic emergency assistance or theft recovery to gain the edge on their competitors, says James Rakow, insurance partner at Deloitte.