The autonomous vehicle market may provide the auto insurance industry with a $81 billion opportunity between 2020 and 2025, according to Accenture and the Stevens Institute of Technology.
Autonomous vehicles promise of no brake pedals, no steering wheel and virtually no human error has insurance leaders questioning whether Prop 103s days are numbered.
Autonomous vehicles promise of no brake pedals, no steering wheel and virtually no human error has insurance leaders questioning whether Prop 103s days are numbered.
The market for autonomous vehicle coverage is expected to expand quickly due to risks related to cybersecurity, software and hardware, as well as the need for additional public infrastructure coverage.
Automating risk management, rating, quoting and renewals, integrating massive disparate legacy systems, and redefining age-old business models essentially all at once is no small task.