(Frost & Sullivan: London) -- The current system of calculating motor insurance premiums places importance on driver-related factors such as age, gender, and driving record. However, the introduction of autonomous vehicles will turn the spotlight on vehicle-related parameters. As the vehicle insurance business goes through this transformation, the future holds vast potential for novel risk evaluation models.

New analysis from Frost & Sullivan, “Impact of Automated Vehicles on Motor Insurance Market,” finds that vehicle insurers will move away from the driver-centric strategy to follow one or a combination of three models as automated vehicles become common:
• Product-centric evaluation
• Brand-centric evaluation
• System-centric evaluation

(For complimentary access to more information on this research, click here.)

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