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Tag Archives: automotive insurance report KPMG Deloitte

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Automotive Insurance Market continues to shrink rapidly

NewsBy Author UserJune 13, 2017

The auto insurance sector will shrink by over 70% ($137 billion) by 2050, according to 2017 KPMG report. The autonomous technology is improving cars’ safety and so the accident frequency might be reduced to 90%. Auto manufacturers will assume more of the driving risk and liability, and will start providing insurance to car buyers.

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