Driverless technology: Will the insurance industry play ostrich?

MARCON Mobility Newsletter

Montreal, QC (Oct. 18, 2013) – At the Insurance 2023 forum in early October, Catherine Kargas of MARCON focused on changes in mobility (including driverless technology) and their impact on the insurance industry.

The trend toward shared mobility is here today. Statistics indicate that one shared vehicle can replace as many as 20 personally-owned vehicles. This alone represents an array of significant threats, opportunities and challenges for the insurance community. Shared mobility presents two interesting revenue-generating opportunities: nonowner car insurance and ride-sharing insurance.

Driverless technology will soon be available to Canadians. Whether in four years or eight, insurance executives need to consider what the arrival of this technology means for the industry.

Read the newsletter (PDF).

About MARCON

MARCON Management Consultants Inc. is a specialized market research, strategy and management consulting firm based in Montreal. For more information, visit www.marcon.qc.ca.

Source: MARCON