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Shifting gears in auto insurance

Autonomous technologies, increased connectivity, and vehicle electrification could all have a significant effect on the automotive insurance market, find senior partners Tanguy Catlin, Philipp Kampshoff, and colleagues. By 2030, $140 billion to $160 billion of the US personal-auto-insurance market could be disrupted, due to factors including improved car safety, commercial coverage for autonomous driving, and a shift in personal-lines insurance products.

By 2030, $140 billion to $160 billion of the personal-mobility-insurance premium pool may be disrupted.
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To read the article, see “Connected revolution: The future of US auto insurance,” September 15, 2022.