UK - Self-driving cars to disrupt motor market
Wednesday, 05 04 2016, Category: Insurance and Reinsurance, Country: United Kingdom
Self-driving cars threaten a “seismic” change to the multi-billion pound motor insurance industry, with the number of accidents on the roads plummeting as computers take the wheel.
Research for a motor industry conference predicts an 80pc drop in crashes over the next 20 years thanks to so-called “autonomous vehicles”.
Drivers in Britain pay £14.2bn a year in motoring premiums – representing more than 40pc of all non-life premiums – and fewer accidents on the roads mean this massive industry faces huge disruption.
Source: The Telegraph