The motor insurance market will decrease by 70% by 2050

According to a KPMG study, widespread use of autonomous vehicles by 2050 will reduce the car insurance market by 70%, resulting in a loss of premiums of 137 billion USD.

This drop in revenue is explained by the transfer of responsibility to car manufacturers who will bear the risk instead of the insured. The generalization of embedded technologies will significantly improve the safety of vehicles. By 2050, motor claims will fall by 90%.

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