The struggling U.S. auto insurance industry can anticipate $81 billion in new premiums over the next eight years from policies for driverless vehicles, according to a new report from Accenture and Stevens Institute of Technology.

The market for autonomous vehicle coverage is expected to expand quickly due to risks related to cybersecurity, software and hardware, as well as the need for additional public infrastructure coverage.

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Elana Ashanti Jefferson

Elana Ashanti Jefferson serves as ALM's PropertyCasualty360 Group Chief Editor. She is a veteran journalist and communications professional. Reach her by sending an e-mail to [email protected].

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