PCIT PLUSNews and Updates in the Property & Casualty Insurance Industry – A KMG Initiative



Automobile manufacturers are taking significant steps towards developing autonomous vehicles. This might see a gigantic decrease in the number of accidents, giving rise to the big question — do we actually need auto insurance if cars are no longer involved in crashes?



Imagine taking a seat in your car, updating a location in your vehicle’s interface and then letting it drive to your destination while you surf the web, take a nap or read a book. Car manufacturers around the world have been attempting to design the first-ever driverless car.

Driverless car

What Driverless Car Tech Means For Filing A Car Insurance Claim – Affordable Insurance Group

Tesla manufactures driverless vehicles. These cars operate with advanced autonomous technology, which allows them to navigate on their own. No driver is necessary.

Self-driving Cars

The Insurance Impact of Self-driving Cars and Shared Mobility – Tech Crunch

“We’re going to see more change in the next five to 10 years than we’ve seen in the last 50,” said Mary Barra, CEO of General Motors, on record. While that statement is now a year old, it continues to ring true. Vehicle ownership is changing and self-driving cars will be implemented in the next decade. What will affect the insurance industry more: self-driving cars or shared mobility?


How the Tesla Crash Impacted Public Opinion about Driverless Cars

For multiple reasons driverless cars have caught the fancy of auto makers, insurers and the public. While some care for an effortless ride to their chosen destination, others believe it would reduce the number of accidents on road. But the recent crash of Tesla car during testing raised many questions about the safety of self-driving cars. Are these really safe and who shall be blamed in case there’s an accident?

Smart Cars

Would Smart Cars regulate the exorbitant Auto Insurance Premiums?!

Smart cars are futuristic, revolutionary and convenience personified. But consumers have other reasons to be elated about the launch of smart cars apart from the comforts it offers. Most of the consumers fume about the exorbitant premiums they have to shell-out to stay protected, with a major chunk of them utterly frustrated with this expenditure. With automation and analytics, there may be some relief in future for the buyers of auto insurance.