Sima Mirzaaghaee

Life insurance companies are rapidly modernizing policy structures, shifting toward simpler, more transparent products that are easier for consumers to understand and compare.
Digital-first life insurance platforms are expanding strongly in both the USA and Canada, enabling instant quotes, faster underwriting, and fully online policy issuance.
Insurers are redesigning traditional products to include more flexible premium payment options and customizable coverage to match changing household financial needs.
The industry is increasingly focusing on improving customer retention through digital servicing tools, automated policy management, and AI-supported claims processing.

Life Insurance: Policy Modernization & Digital Growth 2026

EVs often cost more to insure than comparable gas cars globally because repairs, specialist labor, and battery-related risks can raise claim costs.
Current disparity is described as ~18% over regular cars, while like-for-like EV coverage can run ~10%-30% higher for buyers comparing options globally.
Cheaper-to-insure EV examples share budget positioning, modest performance, and yearly premiums cited near $2.4K to $2.7K before personal factors change final quotes.
Insurance can shape purchase decisions: steep premiums feel different on lower-priced used EVs, so compare quotes carefully before choosing a specific model.
Costs may keep easing as EV markets expand, repair parts and labor become cheaper, and insurers spend less on claims over time.