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.

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.

Denny Jacob

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