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What are your thoughts on driverless cars? Do you think there will be enough demand and loss data to negatively impact auto premiums over the next 10 years?
No doubt an effective driver-less car system would drive down premiums (i think this is a given).
Think of the cars on the road today as a fleet of cars that needs to be turned over, over time. 10 yrs is too fast. (Not to suggest the tech won't be in full swing by then.)
But the fleet of cars needs time to turn over.
Think of the cars on the road today as a fleet of cars that needs to be turned over, over time. 10 yrs is too fast. (Not to suggest the tech won't be in full swing by then.)
But the fleet of cars needs time to turn over.
While InsCommentary is right, premiums may come up elsewhere, that does not necessarily mean more premium for your typical agent.