Impact of Self-driving cars on Insurance Industry. How do (external) challenges and innovations change the insurance market?


Seminar Paper, 2016

13 Pages


Excerpt


TABLE OF CONTENTS

Introduction

Self-driving vehicle Innovation/Technology

Traditional Car Insurability Criteria

Other affected sectors and their coping strategies with self-driving cars

Impact of Self-driving cars on Insurance Industry
(i) Alteration of the insurance Value Chain
(ii) Reduced Demand for Insurance - Lower Premiums and Potential Revenues
(iii) Pricing and Underwriting
(iv) Impact on claims

Response Strategies by the Insurance Industry

The future of insurance industry with Autonomous Vehicles

Conclusion

References

Excerpt out of 13 pages

Details

Title
Impact of Self-driving cars on Insurance Industry. How do (external) challenges and innovations change the insurance market?
College
University of Westminster
Course
MSc Finance, Banking and Insurance
Author
Year
2016
Pages
13
Catalog Number
V379068
ISBN (eBook)
9783668577862
ISBN (Book)
9783668577879
File size
758 KB
Language
German
Keywords
impact, self-driving, insurance, industry
Quote paper
Richard M. Ondimu (Author), 2016, Impact of Self-driving cars on Insurance Industry. How do (external) challenges and innovations change the insurance market?, Munich, GRIN Verlag, https://www.grin.com/document/379068

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