The auto insurance industry is having its Napster moment

Started by rcjordan, August 03, 2015, 01:04:07 PM

Previous topic - Next topic

rcjordan

Premiums consumers pay could drop as much as 60 percent in 15 years as self-driving cars hit the roads, says Donald Light, head of the North America property and casualty practice for Celent, a research firm.

http://www.bloomberg.com/news/articles/2015-07-30/can-the-insurance-industry-survive-driverless-cars-

Mackin USA

People love the independence and freedom cars bring. People love the ability to control where they go, what route they take, and how fast they get there. People love to customize their cars and upgrade their cars. Even if autonomous driving completely takes over the world, people will still want to spend money purchasing and modifying cars.

BUT
Autonomous cars will be commonplace by 2025 and have a near monopoly by 2030, and the sweeping change they bring will eclipse every other innovation our society has experienced. They will cause unprecedented job loss and a fundamental restructuring of our economy, solve large portions of our environmental problems, prevent tens of thousands of deaths per year, save millions of hours with increased productivity, and create entire new industries that we cannot even imagine from our current vantage point.

http://blog.cargurus.com/2015/02/18/will-self-driving-cars-take-away-your-driving-freedom
Mr. Mackin