As the transition from automobile ownership to usership inexorably progresses and autonomous driving gains prevalence, automotive risk will shift from individuals to businesses. Such a shift would transform auto insurance, given how businesses differ from individuals in terms of the risks they insure against. With the Japanese P&C insurance industry now dependent on auto insurance for 60% of its premium revenue, it urgently needs to prepare for the changes that will ensue from vehicular autonomy.

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About the Author

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  Tomohisa Shidara

  Group Manager

  Insurance Integration Design Department