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Open original source ↗I mentioned this earlier but there are a lot of interesting consequences to autonomous driving. One of them is that insurance companies start to look more financially predictable...they charge lower premiums, but they also pay out less. This will flow through to reinsurers as well.
Case in point, Lemonade cutting premiums by 50% if you drive a Tesla with FSD. Important implications for all car insurers.
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NEWS: U.S. insurer Lemonade has announced that it will offer a 50% rate cut for drivers of @Tesla vehicles when FSD is steering because it had data showing it reduced accidents. “A car that sees 360 degrees, never gets drowsy, and reacts in milliseconds can’t be compared to a human. Beyond the product announcement today, we’re also announcing our commitment to the Tesla community – the safer FSD software becomes, the more our prices will drop,” said Shai Wininger, co-founder and president at Lemonade.
SawyerMerritt ↗