Sharp Curve Ahead: Autonomous Vehicles And Insurance Companies

The impact that autonomous vehicles will have on the insurance industry is speculative, at best. Case-in-point, over lunch recently, several of my colleagues and I had a discussion about the impact that autonomous vehicles will have on the insurance industry and how the industry can prepare for the impact. We each had very different, yet well-supported thoughts on the matter. Some thought the move to autonomous vehicles would push liability for accidents back on to the manufacturer, opening a whole new area for insurance companies. Others thought that autonomous vehicles would spell doom for the automobile insurance industry. Either way, changes are ahead for the insurance industry.