In a classic case of ‘digital disruption’, for those involved in the motor insurance and related industries, the ‘autonomous or driverless vehicle’ discussion has become an increasingly important consideration in strategic and business planning due to their potential to profoundly change the motor insurance industry in the medium to long term. A 2015 KPMG report suggests that driverless vehicle technology could see the personal motor insurance industry shrink to 40% of its current size in the next 25 years.
Source: Recoveries Corp
Photosource: Shutterstock
