Vincent Romans is the founding principal and managing partner of the Romans Group, which provides business, market, financial and strategic development and mergers and acquisitions advisory services to the collision repair, property and casualty auto insurance markets and the auto physical damage aftermarket supply chain.
The personal and commercial property claims process has traditionally lagged well behind other segments of P&C insurance in the adoption of technology and innovation. That officially ended in 2020, aided by a global pandemic that changed virtually everything about life and business as we knew it. Understanding the factors behind the historical lack of innovation […]
In a 2017 report titled “Drones: Reporting for Work,” Goldman Sachs estimated the addressable market opportunity for drones globally between 2016 and 2020 to be $100 billion, of which the insurance claims drone market was estimated to be $1.4 billion. And the report did not address the wider opportunities in personal and commercial property insurance: […]
DISRUPTION IN THE AUTOMOTIVE ECOSYSTEM: What to Expect, and How to Survive and Win For the purposes of this paper, and to explain the codependencies and inter-industry impacts, we’ve chosen to define the auto ecosystem as including all business segments affected by the automobile, including: auto manufacturing, auto buyers and drivers; collision repairers; aftermarket suppliers, […]