Driverless cars could conquer Australian roads and dramatically reduce accident rates, a trend that will be welcomed by consumers but heap pressure on the profit of motor insurers.
New research from Moody's Investors Service found accident avoidance features in smart cars, such as automatic braking and adaptive cruise control, will lead to fewer accidents in the next five to 10 years.
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Ruth Liew writes on business specialising in Insurance, wealth management and financial services. Ruth is based in our Sydney newsroom. Connect with Ruth on Twitter.
