Autonomous vehicles: a boon or bane for the insurance sector? The rapid evolution of autonomous vehicles is going to redefine not only the automobile and transportation sectors but also disrupt the insurance industry. Insuring autonomous vehicles can become a thing of the past with the advancement and adoption of autonomous vehicles.
It is estimated that auto insurance premiums will drop by USD 25 billion by 2025 as a result of the adoption of driverless cars. This, however, won’t translate to major…