Autonomous Vehicles Could Drive Car Insurance Companies Out Of Business

Among the opportunities—connectivity allows insurance companies to gather specific data about individual drivers, freeing them from basing rates and coverage on categories and averages.
“A connected vehicle allows an insurance company to really look at you individually in terms of your actual driving and your real risk and real time situational awareness, so they can innovate a lot of products and a lot of pricing strategies aimed at trying to keep you out of harm’s way, and almost pivot from selling insurance to selling assurance.