Driverless Cars Will Change Auto Insurance. Here’s How Insurers Can Adapt

While the pace of adoption of autonomous vehicles is not easy to predict, it is clear that individual auto premiums will decline in a significant and likely escalating manner. This means that auto insurers need to create new revenue streams that offset the decline in individual premiums. Fortunately, new opportunities for insurers are emerging as well.
With help from the Stevens team, we have identified three areas with significant potential for insurers in the period from 2020 to 2050: