It is something of a cliche nowadays to talk about technology as a disruptive force. But as automakers wrestle with the prospect of driverless cars and motorists who don’t own their vehicles, insurance companies could be facing something akin to a catastrophe, according to a new study by Driverless Transportation.
Autonomous vehicles are bound to disrupt the insurance industry, according to the latest warnings from consultants who have studied the insurance business recently.
Several of the consultants released reports recently suggesting auto insurers face will face daunting challenges in the future. (more…)