Auto Technology Already Driving Down Premiums: Celent

Celent analyst Donald Light has been tracking the impact of car technology on the insurance business – and downward pressure on premium is already beginning. Four years ago, Celent analyst Donald Light issued a provocative report: “A Scenario: The End of Auto Insurance” It posited a future where incentives to reduce the human impact on driving reduce the risk of driving – and necessarily, the premium associated with auto insurance.