In today's world, change is inevitable, especially as technology quickly changes how we live and work. So, it's not surprising that an auto insurance market research analyst is predicting the end of the auto insurance business as we currently know it.
That's right. No more auto insurance.
Why? According to Deutsche Bank research analyst Joshua Shanker, in 20 years, instead of people owning and driving cars, it's possible that self-driving and ride-sharing companies make up the majority of the automotive market. As such, the companies behind these services will be able to insure their cars like any other product, not based on the driving habits of millions of different drivers.
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Jayleen R. Heft
Jayleen Heft is the digital content editor for PropertyCasualty360.com. Contact her at [email protected].
