ARTICLE · 11 FEBRUARY 2019

Even Insurance Will Be Disrupted By Autonomous Vehicles

Foley & Lardner LLP

There are long lists of industries that will be disrupted by Autonomous Vehicles.

United StatesInsurance

There are long lists of industries that will be disrupted by Autonomous Vehicles. Not surprisingly, Insurance is expected to be one of them. Some see tremendous opportunities arising from the increase in Autonomous Vehicles. For example, a 2017 report from Accenture and Stevens Institute of Technology, estimated that new insurance requirements and products could raise $81 billion (billion, with a "B") in revenue between 2020 and 2025. This may seem counterintuitive: more autonomy, better safety systems and less driver error should lead to fewer crashes and accidents. This should mean fewer claims paid resulting in lower premiums. That translates to less revenue in premiums. So where is the new revenue coming from?

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

Even Insurance Will Be Disrupted By Autonomous Vehicles

Related Articles

Why Won’t Life Insurance Pay Out? 8 Reasons A Claim May Be Denied Or Delayed

Delaware Court Finds No D&O Coverage For Internal Investigation And “Impending” FBI Investigation That Never Proceeded

Don’t Try To Deny It: Federal Court Holds FCA Settlement Is Covered By Insurance

“Limited Partner” Health Plans Raise Concerns For State Regulators

California Court Allows Insurer To Rescind Policy Based On Insured’s Failure To Affirmatively Disclose Material Facts Not Requested In Application

Read more about

Related Comparative Guides

Insurance & Reinsurance

See more popular content from

Privacy, Cyber & Data Strategy Advisory | NAIC Summer Meeting Sharpens Focus On AI, Data, And Technology Governance

AI Regulation In Insurance: A Crossroads

Cyber Insurance Decoded: What Your Policy Actually Covers, What It Excludes, And How To Maximize Your Protection

Florida Appellate Court Finds Unaccrued And Premature Third-Party Bad-Faith Claim Filed In Violation Of Nonjoinder Statute Must Be Dismissed, Not Abated

US NAIC Summer 2026 National Meeting Highlights: Natural Catastrophe Risk And Resilience (EX) Task Force

Is Your PFAS Coverage At Risk? An Ohio Federal Court Ruling Opens The Door To Broader Insurer Denials

Contractual Liability Exclusion Must Be Assessed Against Each Cause Of Action Separately, Not Applied Wholesale Where Multiple Claims Are Pleaded In One Action

Verisk/Eagleview Merger Derailed By FTC Challenge

Don’t Try To Deny It: Federal Court Holds FCA Settlement Is Covered By Insurance

What Is An "Aggregate Limit" And Why Is It Important?

Texas Governor Abbott Directs TCEQ To Freeze All Data Center Permits In A Whole-of-Government Action

California Enacts Seven Data Center Bills, Effective January 1, 2027: New Tariff, Entitlement, And Disclosure Rules For Hyperscalers, Developers, And Power Producers

The Grid's Bottleneck Isn't Just Money. It's Materials.

More Rigs Than A Year Ago, Higher Costs, And Service Prices That Haven’t Caught Up

Diesel Stocks Are Expected To Fall Below 100 Million Barrels. Check Your Fuel Clauses.

Texas Escalates Data Center Oversight With Attorney General Water-Use Investigation

Oil Is Near $90 And Gas Is Near $3. Same Wells, Different Markets.

FDA Medical Devices: Important Regulatory Considerations For Companies Seeking To Enter The U.S. Market

Greenwashing Lawsuits Against Major Oil And Gas Companies Are Getting The Green Light To Move Forward In Litigation

The Growth Docket