The Chaotic Middle
This 64-page white paper presented by KPMG's insurance task force in June 2017 analyzes the huge impact of autonomous vehicles and on-demand transportation services will have on the U.S. insurance industry.
The report says both trends will become the norm by 2035. Between now and then, insurers should brace for changes that could slash the personal liability premiums they currently collect from $164 billion per year today to only $12 billion by 2055.
KPMG says the speed of change, coupled with uncertainty about the timing and import of multiple forces at work, will create a "chaotic middle" of change for insurers over the next 10-15 years.
According to Frank Jourdan, president, Chassis & Safety Div., Continental Contitech AG (continental-corporation.com), the high-resolution 3D flash LIDAR (HFL) technology that the company is developing for deployment in automated driving systems in the 2020+ timeframe provides an array of benefits.
To know that 3,000 cars have been delivered since October 2015 would undoubtedly result in a shrug: in 2017 Toyota delivered 387,081 Camrys, so that 3,000 is less than one percent, and this is in one year, not just over two.
While at the Tokyo Motor Show this week various vehicle manufacturers were showing off all manner of cars and crossovers and transportation devices that typically had to do with something autonomous, connected and/or electrified (ACE, as CAR’s Brett Smith categorizes this burgeoning field), the guys from Chevy were in El Segundo, California, showing off a different take on what can best be described as “toys for boys”—boys who do or don’t have driver’s licenses.