By Kersten Heineke Co-leads the McKinsey Center for Future Mobility and serves clients across the automotive industry, incumbent industries, mobility disruptors and investors By Johannes-Tobias Lorenz Works with major insurance and banking institutions to build digital strategies and transform the customer-service experience, driving success in an increasingly digital market By Maximilian Straub Advises major banking and insurance companies on digital business transformations and achieving superior growth with digital and analytics Commercial Lines Insurance Digital & Analytics Claims Property & Casualty Insurance August 26, 2019E-scooters have populated streets and sidewalks across major European cities seemingly overnight, echoing last year’s spread throughout cities in the United States. As the industry expands and matures, more European countries are passing legislation that makes insurance for e-scooters mandatory, creating a large opportunity for insurers. With an expected market size of €90 billion for micromobility by 2030, forward-thinking insurers across Europe stand to profit from developing innovative product and service solutions—and doing so quickly. While risks are difficult to calculate and new types of claims are emerging, the benefits for insurance companies are clear. To navigate the nascent landscape and stay ahead of the curve, insurers must increase their knowledge and expertise, partner with the right organizations, and develop a tailored, rapid go-to-market strategy. We strive to provide individuals with disabilities equal access to our website. If you would like information about this content we will be happy to work with you. Please email us at: McKinsey_Website_Accessibility@mckinsey.com