The advent of autonomous vehicles represents a transformative force in the transportation industry, with profound implications for the insurance sector. This project seeks to analyze the impact of autonomous vehicles on the insurance industry, focusing on their implications for risk assessment, pricing models, and changes in insurance business strategies. By delving into the evolving dynamics of autonomous transportation and its implications for insurers, regulators, and consumers, this research aims to provide valuable insights into the changing landscape of insurance practices in the era of autonomous vehicles.

The emergence of autonomous vehicles has raised important questions about their potential to reshape the insurance landscape, challenge established business models, and redefine the nature of risk in the transportation sector. This study will explore the benefits and challenges of autonomous vehicles for the insurance industry, shedding light on their disruptive potential and the strategies employed by insurers to adapt to this evolving landscape. By doing so, the research aims to offer recommendations for insurers, regulators, and autonomous vehicle manufacturers to foster collaboration, innovation, and responsible adaptation to the changing dynamics of insurance practices in the era of autonomous transportation.