In today's world, change is inevitable, especially as technologyquickly changes how we live and work. So, it's not surprising thatan auto insurance market research analyst is predicting the end ofthe auto insurance business as we currently know it.

That's right. No more auto insurance.

Why? According to Deutsche Bank research analyst JoshuaShanker, in 20 years, instead of people owning and driving cars,it's possible that self-driving and ride-sharing companies make upthe majority of the automotive market. As such, the companiesbehind these services will be able to insure their cars like anyother product, not based on the driving habits of millions ofdifferent drivers.

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Jayleen R. Heft

Jayleen Heft is the digital content editor for PropertyCasualty360.com. Contact her at [email protected].