Quick links:
09

Driverless vehicles could see most motor insurance premiums disappear 

Open-access content Wednesday 4th September 2019 — updated 5.50pm, Wednesday 29th April 2020

The adoption of driverless vehicles could see up to three in five motor insurance premiums vanish worldwide, a study by global law firm Kennedys has suggested.

2


Following discussions with industry leaders, it was found that most expect fewer accidents due to autonomous vehicles, resulting in lower insurance payouts and less premiums.

Read the full article on our Predictions site here. 


Sign up to our free newsletter here and receive a weekly roundup of news concerning the actuarial profession


This article appeared in our September 2019 issue of The Actuary .
Click here to view this issue

You may also be interested in...

Insurers urged to offer on-demand policies as InsurTech funding soars

Insurers urged to offer on-demand policies as InsurTech funding soars

Insurance firms can no longer rely on their brand names to retain customers and should offer instant, flexible and digital quotes, a leading data analytics company has said.
Tuesday 3rd September 2019
Open-access content
2

Top 20 pension funds' assets decline for first time in seven years

Assets under management (AUM) at the world’s 20 largest pension funds fell last year for the first time since 2012, research from the Thinking Ahead Institute has found.
Monday 2nd September 2019
Open-access content
2

Global reinsurance capital rises 8%

Total capital dedicated to the global reinsurance industry has risen by 8% since the end of last year thanks to strong investment markets, data from Willis Re has revealed.
Monday 9th September 2019
Open-access content
2

Climate change ranked the top extreme risk for investors

Global temperature change is the number one extreme risk to economic growth and asset returns for investors, a new ranking by the Thinking Ahead Institute has suggested.
Monday 9th September 2019
Open-access content
2

Widespread pension confusion among UK public uncovered

The majority of UK workers think pensions are confusing and don’t know how much to save, according to a new study, with much of the blame levelled at employers.
Tuesday 10th September 2019
Open-access content
2

Over-60s lose almost £2bn through pension opt-outs

British adults aged 60 and over could be missing out on nearly £2bn in retirement savings by opting out of workplace pensions early, a new study has found.
Wednesday 11th September 2019
Open-access content

Latest from September 2019

2

New ESG investment rules come into force

UK pension scheme trustees must consider environmental, social and governance (ESG) factors when making investments decisions under new rules that came into force today.
Tuesday 1st October 2019
Open-access content
New GMP equalisation guidance ©iStock

GMP equalisation guidance published

The Pensions Administration Standards Association (PASA) has today published further guidance for schemes undertaking guaranteed minimum pensions (GMP) equalisation.
Monday 30th September 2019
Open-access content
Further IFRS 17 changes proposed ©iStock

WTW proposes IFRS 17 changes

Willis Towers Watson (WTW) has recommended that the International Accounting Standards Board (IASB) make several additional amendments to IFRS 17.
Monday 30th September 2019
Open-access content

Latest from small_opening_image

2

COVID-19 forum for actuaries launched

A forum for actuaries has been launched to help the profession come together and learn how best to respond to the deadly coronavirus sweeping the world.
Wednesday 25th March 2020
Open-access content
2

Travel insurers expect record payouts this year

UK travel insurers expect to pay a record £275m to customers this year as coronavirus grounds flights across the world, the Association of British Insurers (ABI) has revealed.
Wednesday 25th March 2020
Open-access content
2

Grim economic forecasts made as countries lockdown

A sharp recession is imminent in the vast majority of developed and emerging economies as the deadly coronavirus forces businesses to shut down across the world.
Tuesday 24th March 2020
Open-access content

Latest from inline_local_link

2

COVID-19 forum for actuaries launched

A forum for actuaries has been launched to help the profession come together and learn how best to respond to the deadly coronavirus sweeping the world.
Wednesday 25th March 2020
Open-access content
2

Travel insurers expect record payouts this year

UK travel insurers expect to pay a record £275m to customers this year as coronavirus grounds flights across the world, the Association of British Insurers (ABI) has revealed.
Wednesday 25th March 2020
Open-access content
2

Grim economic forecasts made as countries lockdown

A sharp recession is imminent in the vast majority of developed and emerging economies as the deadly coronavirus forces businesses to shut down across the world.
Tuesday 24th March 2020
Open-access content

Latest from 09

2

New ESG investment rules come into force

UK pension scheme trustees must consider environmental, social and governance (ESG) factors when making investments decisions under new rules that came into force today.
Tuesday 1st October 2019
Open-access content
New GMP equalisation guidance ©iStock

GMP equalisation guidance published

The Pensions Administration Standards Association (PASA) has today published further guidance for schemes undertaking guaranteed minimum pensions (GMP) equalisation.
Monday 30th September 2019
Open-access content
Further IFRS 17 changes proposed ©iStock

WTW proposes IFRS 17 changes

Willis Towers Watson (WTW) has recommended that the International Accounting Standards Board (IASB) make several additional amendments to IFRS 17.
Monday 30th September 2019
Open-access content