A big disruptor for the insurance industry in 2017 will be the growing use of ride-sharing services like Uber, says Cathy Seifert, an equity analyst at CFRA.

She expects companies will begin to innovate their products to address the changing landscape of driving and car ownership. She notes that Allstate (ALL - Get Report)  recently bought a smaller company to diversify away from being a pure-play auto insurer.

She says she'll also watch Progressive (PGR - Get Report)  which has been known as a leader in technology.