Driverless cars could reduce road accidents by 90%, according to McKinsey, the global management consulting company. While this might save insurers money on expenses in the near future, demand for insurance will decrease, as the risk of car crashing drops, according to CB Insights. Some insurers are already rolling out usage based policies, charging consumers […]
Autonomous Vehicles: Will insurers shift their business model?
By Jeff Aherne on 24th August 2016 in Blog
Autonomous vehicles have an effect on those who are building cars and it is expected that they will diversify because car manufacturers sales are predicted to decrease massively in the future as ride sharing and other forms of the sharing economy increases. Manufacturers are adopting ADAS at all levels. Therefore each iteration of the car […]