Auto insurance Vision, Strategy and Digital Transformation needs to anticipate the changes that will occur as driverless car technology trends to monopoly.
Which monopoly winners will lead future ecosystems? Best be a leading insurance member of these.
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Economies of scale will likewise thin the ranks of driverless contenders and create pressure for government involvement. Driverless cars might not be much faster than those controlled by humans. But the market could go from cut-throat competition to oligopoly to state control with extraordinary speed. This article appeared in the Finance and economics section of the print edition under the headline "Road hogs"
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