Will Self-Driving Cars Disrupt The Insurance Industry?

Automated vehicles are rapidly advancing in capability, altering the risks and liabilities ... [ ] traditionally associated with driving. Self-driving vehicles should ideally accomplish a few things: convenience for operators/owners of vehicles, cost reduction for commercial vehicles (no driver), and safer roads (fewer and less severe crashes). This last item, if true, will significantly lower the risks traditionally associated with driving. In fact, the removal of the driver fundamentally alters the liabilities that insurance companies have spent almost a century covering. As liabilities and risks shift, how vehicles are insured and the costs of that insurance will change, disrupting a $300B industry and creating opportunities for innovation. The US Department of Transportation rates a vehicle's ability to self-drive from Level 0 (none) to Level 5 (fully autonomous).