The market for advanced driver assistance systems (ADAS) is forecasted to reach over $67 billion by 2025, growing at a rate of 10 percent each year. Many car manufacturers have pledged to equip every new vehicle with advanced safety solutions, such as automatic braking, automated cruise control, lane keeping and more, to enhance safety. Yet as this technology comes aboard more vehicles, what is the impact on the insurance market?
We recently spoke with John Kanet, Director of Auto Insurance at LexisNexis Risk Solutions, about the challenges associated with ADAS and the most important considerations and resources for success in the future. To learn more, hit play.