Autonomous vehicle technology could shrink the auto insurancesector by 71% or $137 billion by 2050, according to new research byKPMG.

KPMG has extended its actuarial model by 10 years to 2050,finding that the pace of change has accelerated, pushingprojections that illustrate greater declines to the insurancesector than KPMG's previous 2015 study.

Triple threat

Here are the dominant forces disrupting the auto insuranceindustry outlined in KPMG's new report, "The Chaotic Middle: The Autonomous Vehicle andDisruption in Automobile Insurance":

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Denny Jacob

Denny Jacob is an associate editor for NU PropertyCasualty360. Contact him at [email protected].