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