Are We Going to See a Big Change in the Insurance Industry?

If self driving cars are all part of the shared economy, and we don't really need a car of our own that sits there dormant 96 % of the time. With that, you're going to see a huge shift in real estate, and it's going to be very, very pronounced. For most people, the second most expensive thing they have is their car. If accident rates decline dramatically, that dramatically reduces the need for insurance. And then the whole parking lot business, right? If cars are on demand, hey, cars don't need to rest, just like airplanes,. These jumbo jets, you know, if you jump on any airline, that plane is moving, man.

Play episode from 34:33

Transcript

Episode notes

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!

Get the app