How AI Will Revive Auto Insurance

January 9, 2018 by Eran Shir

Is auto insurance going to vanish as autonomous vehicles take over the roads? Will people be completely hands off their steering wheels in the next five to 10 years?

Currently, the auto insurance market is worth $220 billion. According to Morgan Stanley and others, that size is expected to decline in the next few years by nearly half to $130 billion.