Paying Premiums Will Shift from Drivers to Manufacturers When Self-Driving Cars Take Over

The current system of calculating motor insurance premiums places importance on driver-related factors such as age, gender and driving record. However, the introduction of autonomous vehicles will turn the spotlight on vehicle-related parameters. As the motor insurance business goes through this transformation, the future holds vast potential for novel risk evaluation models.
A new report from Frost & Sullivan, Impact of Automated Vehicles on Motor Insurance Market, finds that motor insurers will move away from the driver-centric strategy to follow one or a combination of three models as automated vehicles become common: