What’s Driving the Claims Severity of Driverless Cars
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Autonomous vehicles, such as driverless cars could lead to a decrease in claims in the long run but increased severity when claims occur. In this video, Jonathan Charak, associate vice president, Business Performance Management & Execution, Zurich Financial Services and vice-chair of the Casualty Actuarial Society's Automated Vehicle Task Force, discusses what could lead to a decrease in severity for claims and the impact driverless cars could have on rates in the personal auto market.