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Autonomous cars could change face of motor insurance industry

Premium Reduction

By:  
Creamer Media Senior Deputy Editor
 
Autonomous vehicles
The motor insurance industry faces radical restructuring as a result of the advent of autonomous cars. A research report released by Swiss Re and HERE in April, called ‘The Future of Motor Insurance’, calculated that autonomous driving (AD) technologies, such as lane departure warning, blind-spot assist and aids to improve night vision, could potentially wipe $20-billion off global insurance premiums by 2020 alone.
 
 
 
 
 

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