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