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Self-Driving Cars to Create Long Term Challenges for Auto Insurers: Moody’s

  • by Cypress Insurance
  • 18 Jan, 2017

Accident avoidance features in vehicles, such as automatic braking, adaptive cruise control, and lane departure prevention, are becoming more prevalent and will lead to lower accident frequency in the next five-to-10 years, a benefit for auto insurers. Longer term, self-driving cars could translate into significantly lower premiums and lower profits for insurers as the number of accidents declines dramatically, according to Moody’s Investors Service.

A new report from Moody’s noted that while self-driving cars will likely force auto insurers to rethink their business models, widespread adoption of this technology is decades away, allowing insurers plenty of time to adapt. In the near term, accident avoidance technologies will have a more immediate, positive impact on auto insurers.


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