future of auto insurance News

CCC to Host Webinar on Technology Change Agents and the Future of Auto Insurance

Join CCC Industry Analyst Susanna Gotsch and Jason Verlen, SVP Product Management on Wednesday, August 15th. Chicago, IL, August 10, 2018– CCC Information Services Inc. (CCC) announced today that executives from the company will be hosting a webinar discussion on …

Travelers: Use Current Auto Insurance Model for Autonomous Future

Auto insurance should continue to be the primary compensation model for accident victims as the driving population transitions to and then fully adopts autonomous vehicles, according to the insurer that issued the nation’s first auto liability policy in 1897. “This …

From Here to Autonomy: Morality and Retirement Timeline for Auto Insurance Pros

While the media, ethicists and perhaps the public like to ponder whether a self-driving car in a crisis should be programmed to hit a group of nuns crossing the street or hit a bus full of schoolkids, the drive toward …

Auto Insurance Market to Shrink by 70% by 2050: KPMG

Autonomous vehicle technology, a rise in on-demand transportation and a shifting of liability to manufacturers will shrink the auto insurance sector by more than 70 percent or $137 billion by 2050, according to updated research by KPMG. In a 2015 …

Auto Insurance Market to Shrink 60% by 2040: KPMG

By the time today’s millennial insurance professionals are its top executives, the U.S. personal auto insurance industry will be a skeleton of its current self. Within 25 years, the private passenger automobile insurance industry will shrink by as much as …

Telematics An Advantage with Driverless Cars, Says Progressive CEO

Progressive Corp. said its technology that tracks driver behavior to set insurance rates will help the company adapt as automated cars take the road. The auto insurer offers a device called Snapshot, which plugs into a vehicle and monitors habits …

Future Impact of Self-Driving Cars Would Be Big: Study

Consulting firm KPMG and the Center for Automotive Research in Michigan released a report this month about how close the industry is to rolling out self-driving cars. They see the first such vehicles hitting showrooms in 2019, with a more …