Technology such as advanced safety features, including blind side detection, autonomous driving, and big data from telematics, is driving the automotive industry to an inflection point. Not to be outdone, the auto insurance industry has faced its own bumpy ride recently — with loss ratios going from an all-time low in 2020 due to reduced pandemic driving to the one of the highest four-quarter spans on record from Q3 2021 through Q2 2022 on account of inflation and extraordinary used car prices.
Join us for an in-depth discussion on how insurance companies are navigating these changes. Discussion topics will include:
- What is the role of inflation in driving loss costs?
- How are companies adapting to and utilizing new auto technology?
- Would the driver or the manufacturer be liable for accidents in autonomous vehicles?