
Autonomous vehicles promise to drastically change risk profiles in auto insurance, requiring a shift in how policies are structured and priced.
- Stay ahead of technological advancements in vehicle automation to understand new risk factors.
- Develop policies that account for the shared responsibility between manufacturers and drivers in incidents.
- Engage with regulators and industry bodies to influence policy and standards development.
- Invest in data analysis capabilities to assess how autonomous vehicles impact claims and liability.
Form a working group to explore the impact of autonomous vehicles on your auto insurance products. Develop a strategy to adapt to these changes.
For more insights, products, and toolkits for financial services, please visit https://www.finantrix.com