Autonomous vehicles present an unprecedented challenge to insurance and reinsurance companies, agents, and brokers of the world. For an industry regarded by some as slow to change, time is of the essence for these firms or risk being left behind. The potential loss of business is staggering with these new products, but conversely the potential for new revenue is as well. This will require creative forms of underwriting. Business units will need to increase cohesion. Organic market diffusion of primarily non-admitted and reinsurance policies will foster admitted security and lower premiums and affordability. Lastly, understanding how these new technologies will change consumer behaviors in insurance purchases will create growing certainty in a new and unique business sector.
Semester/Year of Award
Burke A. Christensen
Mentor Professional Affiliation
Accounting, Finance, and Information Systems
Restricted Access Thesis
Management, Marketing, and International Business
Barton, Alexander J., "Insuring Intelligence: Underwriting Autonomous Vehicles" (2018). Honors Theses. 564.