It’s been widely publicized that self-driving cars will significantly reduce the number of traffic accidents on North American roads. But a new report suggests that this positive trend could also have a dramatic impact on the future of car insurance.
The report, which comes from international consulting firm Ptolemus, indicates that by the year 2030 there will be nearly 400 million semi or completely autonomous vehicles on the road. It’s expected that this will reduce the number of traffic accidents by roughly one-third.
In the end,
Frederic Bruneteau, a managing director at
Many insurance companies are fully aware of the situation. To better handle future threats, some are banding together – in the United Kingdom, more than a dozen insurers, including Aviva, have joined to form the ABI.
“Developments in autonomous driving are increasingly being seen in new cars – from autonomous braking to self-parking,” an Aviva spokesperson said. “Insurance is a key part of these developments and it’s important that insurers work together to understand the impacts.”