Impact of Automated Vehicles on Motor Insurance Market

As Consumer-driven Revenues Likely to Shrink Considerably by 2050, Insurers to Find New Avenues to Offset the Deficit

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With the technology steadily advancing from semi-autonomous vehicles to fully-autonomous vehicles, the chances of vehicles meeting with an accident and causing a fatality are reduced considerably. Over the long term, as manually-driven vehicles are replaced by autonomous vehicles, the risk of vehicles crashing is minimised substantially, which will reduce the amount of insurance premiums, thereby having an adverse impact on the current business model of the motor insurance industry. As the vehicle takes over the control of driving, there would be a shift in liability on who needs to pay the premium. This research analysis aims to highlight opportunities and avenues that could offset this deficit.

Table of Contents

1. Executive Summary
Key Takeaways
Key Findings and Future Outlook
Opportunities from Changing Business Models of Motor Insurance
Looming Risk in Profitability of Motor Insurance Business Model
2. Research Scope, Objectives, Background, and Methodology
Research Scope
Research Aims and Objectives
Research Background
Research Methodology
3. Definitions and Segmentation
Product Definitions
4. Autonomous Vehicles Insurance Business Model
Motor Insurance Business Model
Current Key Parameters Considered for Premium Calculations
Parameters Considered for Motor Insurance Premium Calculations
Key Parameters Affecting Premium for Manual and Automated Cars
Parametric Impact Analysis of Automated Driving on Motor Insurance
Case Study—Volvo City Safety and Impact on Insurance Claims
Impact of Crash Mitigating Technologies on Premiums
Motor Insurance Risk and Product Liability Across Automation Levels
European Motor Insurance Market Forecast
Future Roadmap of the Motor Insurance Industry
Business Case in the Motor Insurance Industry
Stakeholder Analysis and Value Proposition
Possible Scenarios of Motor Insurance Industry Evolution
Possible Future Business Models of Motor Insurance Companies
Summary of Impact on the Insurance Business Model
5. Conclusions and Future Outlook
Key Conclusions and Future Outlook
The Last Word—3 Big Predictions
Legal Disclaimer
6. Appendix
Market Engineering Methodology
Learn More—Next Steps


List of Figures & Charts

1. Total Motor Insurance Market: Key Conclusions, Global, 2015–2050
2. Total Motor Insurance Market: Current and Future Outlook, Global, 2014 and 2050
3. Total Motor Insurance Market: Key Questions this Study will Answer, Global, 2014
4. Total Motor Insurance Market: Weightage of Current and Future Parameters, Global, 2014 and 2050
5. Total Motor Insurance Market: Parametric Impact Analysis, Global, 2015–2050
6. Total Motor Insurance Market: Volvo Case Study, Global, 2014 and 2050
7. Total Motor Insurance Market: Roadmap, Global, 2015–2050
8. The Last Word—3 Big Predictions


1. Total Motor Insurance Market: Current and Future Outlook, Global, 2014 and 2050
2. Total Motor Insurance Market: Current and Future Outlook, Global, 2014 and 2050
3. Total Motor Insurance Market: Current and Future Business Model, Global, 2014 and 2050
4. Total Motor Insurance Market: Current Parameters, Global, 2014
5. Total Motor Insurance Market: Current and Future Parameters, Global, 2014 and 2050
6. Total Motor Insurance Market: Impact of Crash Mitigating Technologies on Premiums, Global, 2014
7. Total Motor Insurance Market: Risk Split between Entities, Global, 2015–2050
8. European Motor Insurance Market Forecast
9. Total Motor Insurance Market: Roadmap, Global, 2015–2050
10. Total Motor Insurance Market: Business Case in the Motor Insurance Industry, Global, 2015
11. Total Motor Insurance Market: Stakeholder Analysis, Global, 2015–2050



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