If you are an executive of an auto insurance company, pay attention — you may not have a business in 20 years. You can blame the fundamental shifts in auto safety and data mining that connected car and autonomous vehicle technologies will bring. Robot drivers will outnumber humans behind the wheel.
The remaining human drivers will be safer, thanks to collision-preventing sensors and analytics on board. Insurance claims will be rare, losses will be reduced, premiums will decline, and insurance companies will probably lose control of the data that makes their pricing models possible. Car owners might no longer purchase insurance directly.
