How Insurance Markets Will Expand in the Age of Autonomous Vehicles

Though it’s estimated that by 2025 auto insurance premiums will drop by $25 billion as a result of the adoption of driverless cars, the insurance market is expected to recover through new lines of coverage, according to a report by market analyst Accenture released last year.

In fact, new coverage lines will generate substantially more premiums than are lost – to the tune of almost $81 billion.

During the recent annual Professional Liability Underwriting Society (PLUS) conference in San Diego, Jamison Narbaitz, senior counsel with Clyde & Co., discussed three areas of insurance that will grow: cybersecurity, products liability and infrastructure.

Read the full analysis.

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