How state insurance regulators may help insurers innovate
As for technological disruption, Ian Adams, a senior fellow from the R Street Institute, a free market think tank, singled out autonomous vehicles as the technology most likely to impact the P/C insurance industry in the next two-to-four years, basing his assessment on information he took in at the Consumer Electronics Show in Las Vegas in January. “I do get the sense that these vehicles will start to appear on the timeline that a number of these companies are talking about—2020, 2021,” he said, distinguishing fully autonomous vehicles (no driver, no steering wheel) from the sophisticated systems that already on vehicles today, including stability control and lane-keeping assist features.
