The Core

Why We Are Here => Economics & Investing => Topic started by: rcjordan on October 23, 2017, 12:59:18 AM

Title: personal auto insurance biz: 40% of its current size within 25 yrs
Post by: rcjordan on October 23, 2017, 12:59:18 AM
InsureMyTesla shows how the insurance industry is bound for disruption as cars get safer with self-driving tech.


http://www.businessinsider.com/tesla-liberty-mutual-create-customize-insurance-package-2017-10
Title: Re: personal auto insurance biz: 40% of its current size within 25 yrs
Post by: littleman on October 23, 2017, 02:58:40 AM
Lets add them to the list...

Losers from self-driving vehicles:
Drivers
Local Law Enforcement
Insurers
Title: Re: personal auto insurance biz: 40% of its current size within 25 yrs
Post by: rcjordan on October 23, 2017, 09:23:11 AM
>Losers

Parking decks, lots, etc.
Taxis & shuttles

Off in the more distant future, when the tech gets to full Level 5 and the vehicles communicate with their surrounding 'local network' of traffic, then I see it killing mass transit. They will, in effect, become long, train-like 'flows' where the individual vehicle joins a stream then peels off to drop off its occupants.  Car-pooling will be super-efficient, using Uber-like programs to mix-n-match partners for the best route. Commuters will form vehicle co-ops.
Title: Re: personal auto insurance biz: 40% of its current size within 25 yrs
Post by: Mackin USA on October 23, 2017, 09:29:06 AM
>Losers

Drivers
Title: Re: personal auto insurance biz: 40% of its current size within 25 yrs
Post by: rcjordan on October 23, 2017, 09:52:41 AM
>drivers

The teamsters will delay that for a while for >10k# vehicles, but competition and cost reductions outside the US will eventually erode their protected status.  Short-haul and local deliveries will just work around it, splitting the loads to get under the 10k limit.  We did the same with CDLs being required at >26k#.
Title: Re: personal auto insurance biz: 40% of its current size within 25 yrs
Post by: ergophobe on October 23, 2017, 02:53:32 PM
Quote
Losers from self-driving vehicles:
Drivers
Local Law Enforcement
Insurers
Parking decks, lots, etc.
Taxis & shuttles

- gas station/convenience store clerks
- highway exit restaurants and hotels (possibly offset by the need to hang out somewhere while charging EVs, so could be a boon to "decent" restaurants. Killer for fast food).
- paramedics, firefighters, EMTs, trauma surgeons and nurses
- Highway patrol too (not just local officers)
- DUI lawyers
- body shops

Probably another hundred professions that don't come to mind right away
Title: Re: personal auto insurance biz: 40% of its current size within 25 yrs
Post by: littleman on October 23, 2017, 04:34:00 PM
Looks like it has the real possibility of being the largest disruptive force since the automobile.
Title: Re: personal auto insurance biz: 40% of its current size within 25 yrs
Post by: Brad on October 23, 2017, 05:53:39 PM
>restaurants

Boon to taverns and bars too. Alcohol sales in general. Just poor your carcass into your car after its charged and let it find home. Leave the driving to Google.

>co-ops

Tricky to do.  Communal cars will mean its always dirty inside and out. Tragedy of the Commons unless it's done right.
Title: Re: personal auto insurance biz: 40% of its current size within 25 yrs
Post by: Travoli on October 23, 2017, 06:44:34 PM
Auto parts stores
Tires stores
Oil Change shops
Inspection stations

>mass transit

I live near the country's worst-performing light rail. Some very smart urban-planner friends still argue that it's the future. Maybe in 150 years when the population is as dense as NYC, but self-driving cars will rule until then. Mass transit may still be a great option in a few super-dense cities like NYC.


Title: Re: personal auto insurance biz: 40% of its current size within 25 yrs
Post by: Drastic on October 23, 2017, 06:59:02 PM
>Auto parts stores
>Tires stores
>Oil Change shops

Vehicles will still need these things for general maintenance, but the logistics will definitely be different.
Title: Re: personal auto insurance biz: 40% of its current size within 25 yrs
Post by: Travoli on October 23, 2017, 07:27:38 PM
Yeah I think all the maintenance will happen at big box OEM service centers... and robots will be changing oil/batteries/tires.
Title: Re: personal auto insurance biz: 40% of its current size within 25 yrs
Post by: rcjordan on October 24, 2017, 11:32:03 AM
Quotea hundred years ago we completely rewrote the fabric of the material world to accommodate the high-tech invention of the time - the automobile. Out went cobblestone and dirt roads, in came the bitumen. Up went stop lights and street signs. We completely redesigned culture to accommodate the automobile and the freedoms it provides.

Why wouldn't we do that again, this time for autonomous vehicles?

https://www.theregister.co.uk/2017/10/24/its_time_to_rebuild_the_world_for_robots/