@vgr Lower risk, lower premiums, smaller pot-of-$ for the insurance companies to share. He's right, SDCs will bring a price war on premiums.
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Thanks. Twitter will use this to make your timeline better. UndoUndo
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@vgr Less risk to insure.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@vgr Buffett has become rich by stifling innovation, he's just doing what he does best -
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@vgr if the masses don't own cars, they also don't need to purchase insurance on themThanks. Twitter will use this to make your timeline better. UndoUndo
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@vgr fewer accidents, lower premium. Far before full autonomy. That why Freightliner went in that direction. Billions saved.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@vgr Probably an existing arbitrage between individual and organization insuranceThanks. Twitter will use this to make your timeline better. UndoUndo
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@vgr And self-driving cars will likely reduce personal car ownership and therefore the arbitrage opportunity?Thanks. Twitter will use this to make your timeline better. UndoUndo
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@vgr Or individual subsidizes organization, which is a similar frame for threat to the insurance businessThanks. Twitter will use this to make your timeline better. UndoUndo
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@vgr Oligopoly of purchasers will either drive margins towards zero or be large enough to self insure. -
@naval@vgr great blog I read in June - http://bankunderground.co.uk/2015/06/19/driverless-cars-insurers-cannot-be-asleep-at-the-wheel/ …. Brilliant read!
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