Reduced motor accident impact on life expectancy and health insurance: In the future, AVs could reduce the volume of road accident injuries and fatalities thanks to improved safety and enhanced capabilities. This could reduce the overall mortality rate of the population as well as claims relating to motor injuries, influencing the pricing of health and life insurance premiums.
Transition from personal liability insurance to product liability for motor vehicles: As AVs and software increasingly make driving decisions instead of humans, in the future we may move from personal motor insurance products sold on an individual basis to product liability sold to manufacturers and operators. Coupled with a vast reduction in accident rates, this could eliminate the need for personal motor insurance.
Traditional 'safe' investment sectors disrupted by mobility transition impacts: Mobility-related disruption will impact a wide range of sectors beyond automotive. As some of these changes take root, we expect disruptions - such as AV logistics, changes in vehicle usage patterns, city landscapes - to impact traditionally safe investment areas such as real estate and infrastructure.
CAV sensors streamline the claims process: An increase in sensors and cameras available on CAVs could increase the certainty of future claims - providing widespread independent evidence for incidents. With sufficient external data available, there is a possibility that the majority of claims could be automated in the future.
