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Progressive, Allstate Among the Insurance Stocks to Watch in 2017, Says S&P Capital IQ

Uber, Lyft and the development of self-driving cars will be disruptive for the auto insurance industry, according to an analyst at CFRA.

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 Free 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 Free Report  which has been known as a leader in technology.