How technology affect motor insurance company? Academic Essay

Project description
Structure
– telematics
-pcws (price comparison website) increase competition in a already price sensitive market
-improve vehicle technology (developed mainly by car manufacturer) will bring down claim ratio (such as automatics braking and collision avoidance)
-driverless car , change the fundamental of insurance industry, more commercial policies than personal line
-sharing economies – Airbnb, uber, zip car – don’t need 365 days motor policy what is the future of motor policy

No need introduction and conclusion

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