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Why would insurance companies do this? They stand to lose a TON by autonomous vehicles. Estimates are in the 60 to 80% of the market to go away.
by blahi 10y ago
Why would insurance companies do this? They stand to lose a TON by autonomous vehicles. Estimates are in the 60 to 80% of the market to go away.
- botty_throwaway 10y agoRisk versus technological change is a dynamical system, yet many of the sky-is-falling estimates for the insurance industry myopically forecast assuming an invariant risk set-point. For an alternate perspective of a potential (lucrative) future for insurance, see my post here: https://news.ycombinator.com/item?id=12245312 https://news.ycombinator.com/item?id=12245312
- blahi 10y agoI see but what happens if the parameters of the transportation systems are regulated?
- drcross 10y agoI disagree with you, OP mentions 60% reduction in the civilian insurance market and there's studies to back that up- http://www.insurancejournal.com/news/national/2015/10/23/385779.htm http://www.insurancejournal.com/news/national/2015/10/23/385... Any large scale car accidents will be re-simulated, analysed and scoured until they are fixed, the general public will not permit them to persist. This means a complete collapse of the entire industry except for enterprise scale underwriting of the car manufacturers which they may already have for recalls.