The autonomous vehicle insurer: driving change in UK insurance

The autonomous vehicle insurer

Senior insurance executives believe autonomous vehicles will not significantly impact the auto insurance landscape for 10 years – but will they be right?

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KPMG LLP (UK)

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automotive innovation

Fully-driverless cars are expected to have a huge impact on the insurance industry, but our new survey reveals that few UK insurers are developing strategic plans or alliances.

The autonomous vehicle insurer outlines why and how insurance companies should be responding now to the autonomous developments we are seeing from vehicle manufacturers and technology firms today. 

 

Key findings

  • Autonomous vehicles will touch every area of the insurer’s business model 
  • Claims frequency and severity will decrease, according to survey respondents 
  • Few will change portfolio focus from personal to commercial lines 
  • Only 10 percent of surveyed companies have developed strategic plans to reflect the rise of autonomous vehicles
     

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