Swiss Re chair predicts sharing economy will halve premiums

Swiss Re's chairman Walter Kielholz has predicted that the
advent of self-driving cars will result in global insurance
premiums halving, as people move away from owning vehicles.
Speaking to Neue Zuercher Zeitung, Kielholz said that
in future, people will no longer own vehicles and will instead
"press a button" to call a self-driving car to their
door.
"It may well be that car dealers will disappear. But the
insurers will also feel the change hard. Half of the premium volume...