Autonomous and safer vehicles might mean insurance premiums for drivers and trips might drop but to balance that is an enormous requirement to insure cyber risk.
Accenture report shows the way digitilisation and disruption impacts the insurance market and highlights other opportunities
Researchers are predicting that adoption of autonomous vehicles will begin in 2020. By 2050, Intel estimates, the global passenger economy will be worth $7 trillion. For hackers, using a computer to hijack the systems of an autonomous vehicle, or even to steal the vehicle, is not too difficult. An Accenture study predicts that cyber security, product liability and public infrastructure insurance for autonomous vehicles could reach $81 billion by 2025.