arking rpm 84 significantly impact business until 2025 · 74% autonomous vehicles autonomous...

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45 % Start-up companies 39 % Established tech firms 58 % OEMs 32 % Investment firms FUTURE PROVIDERS RPM * 1000 0 20 40 60 80 280 260 240 220 200 120 140 180 100 160 42 % 39 % New providers 29 % Anticipate increased consolidation Niche writers 94 % Understanding underwriting impact most critical 84 % Claim frequency to decrease 71 % 52 % BUSINESS OPERATIONS SHIFTING GEARS 1 3 2 4 5 AUTO INSURANCE COVERAGE MOST LIKELY TO CHANGE WITH AUTONOMOUS VEHICLES Source: Automobile Insurance in the Era of Autonomous Vehicles Survey, KPMG LLP, June 2015. Liability Property 52 % Medical/PIP 29 % Costlier vehicle parts replacement 71 % 94 % COMPETITION EXPECTED TO REV UP Automobile Insurance in the Era of Autonomous Vehicles Survey Results Insurance Executives’ Perspectives Premium per policy to decrease 10 % Have developed a strategic plan Not ready for autonomous vehicles 74 % Autonomous vehicles won’t significantly impact business until 2025 84 % PARKING LOT Product Management & Claims ARKING Little or no understanding of autonomous vehicles 23 % Expect regulators to impede adoption 55 % 42 % Autonomous vehicles will significantly impact business in 6-10 years

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Page 1: ARKING RPM 84 significantly impact business until 2025 · 74% autonomous vehicles Autonomous vehicles won’t 84 significantly impact business until 2025 % PARKING LOT Product Management

45%

Start-upcompanies

39%

Establishedtech firms

58%

OEMs

32%

Investment firms

FUTURE PROVIDERS

RPM* 1000

0

20

40

60

80

280

260

240

220

200

120 140180100

160

42% 39%

New providers

29%

Anticipate increasedconsolidation

Niche writers

94%

Understanding underwriting impact

most critical

84%

Claim frequency to decrease

71%

52%

BUSINESS OPERATIONSSHIFTING GEARS

1 3

2 4

5

AUTO INSURANCE COVERAGE MOST LIKELY TO CHANGE WITH AUTONOMOUS VEHICLES

Source: Automobile Insurance in the Era of Autonomous Vehicles Survey, KPMG LLP, June 2015.

Liability Property

52%

Medical/PIP

29%

Costlier vehicle parts replacement

71%94%

COMPETITIONEXPECTED TO REV UP

Automobile Insurance in the Era of Autonomous Vehicles Survey ResultsInsurance Executives’ Perspectives

Premium per policy to decrease

10%

Have developeda strategicplan

Not ready forautonomous vehicles74%

Autonomous vehicles won’t significantly impact business until 202584%

PARKING LOT

Product Management &

Claims

ARKING

Little or no understanding of autonomous vehicles 23%

Expect regulators to impede adoption55%

42% Autonomous vehicles will significantly impact business in 6-10 years