Goldman Sachs: Autonomous vehicles will reduce insurance costs
Goldman Sachs analysts expect that by 2030, the market size of autonomous vehicle ride-sharing in the United States will grow to $7 billion and disrupt the $400 billion insurance market by reducing accident rates. Goldman Sachs analyst Mark Delaney wrote in a report: "Autonomous vehicles have the potential to reshape the allocation of claims costs and legal liabilities in auto insurance." "Autonomous vehicles can significantly reduce the number of accidents, especially those caused by human error."
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