81–90 of 123 posts
Earlier quoted context omitted.
Reduction in premiums doesn’t mean reduction in profit.
Aren't insurance profits capped to some percentage of revenue in most jurisdictions by law?
Getting Bladerunner vibes from several things but mostly that giant translucent synthwave Marco Cochrane statue.
Very impressive video! What you can clearly see: If you scale this over the next years, "manual driving is over" :-D This is just the very very early beginning, like the first seconds after big bang, we haven really started this whole thing: If you put just more ressources here, we will have giant parking houses for just self-driving-cars, like "coming home over night and recharge" And this technology will come on a…
>If you are today a big insurance like Munich Re, and you see already today that self-driving produces already much less accidents (90% or so I read days ago?), and the tech is really new & "not 100% reliable" and you believe that this tech will be rolled out - one day you will start lobbying politicans that manual driving needs to be forbidden, except some rare cases. Why would insurance companies lobby for that? 90…
Pick a source: https://www.google.com/search?q=car+insurance+companies+leav...
Earlier quoted context omitted.
Which isn’t even really that prohibitive because Chinese vehicles beat Western pricing by five figures. Plus, all the sensor equipment is made in China anyway. There’s almost certainly no way to have it manufactured in the US. On top of that, fleet sales don’t have to deal with the antiquated dealer network laws in the US. And of course American market car manufacturers refuse to produce vehicles that are like this o…
I would pay lots of money for an electric minivan (or van I guess) with removable seats that can fit a 4 ft x 8ft board.
Ignore the crazy high MSRP, they are selling poorly and you should be able to get one brand new or lightly used one in the 40s.
I think in a short couple of years they could be a steal on the used market.
Very impressive video! What you can clearly see: If you scale this over the next years, "manual driving is over" :-D This is just the very very early beginning, like the first seconds after big bang, we haven really started this whole thing: If you put just more ressources here, we will have giant parking houses for just self-driving-cars, like "coming home over night and recharge" And this technology will come on a…
>If you are today a big insurance like Munich Re, and you see already today that self-driving produces already much less accidents (90% or so I read days ago?), and the tech is really new & "not 100% reliable" and you believe that this tech will be rolled out - one day you will start lobbying politicans that manual driving needs to be forbidden, except some rare cases. Why would insurance companies lobby for that? 90…
Surreal. Almost like an optimistic science fiction film. After all, self driving cars have some of the highest positive to negative externality ratio of any modern technology
Regular ICE cars: - air pollution from tire wear and brake dust - air pollution from exhaust - embodied carbon - noise - endangering other road users - traffic congestion - land use (sprawl) - long term health impacts (encouraging sedentary lifestyle)
Switch to all-electric and you lose a bit of noise and all the tailpipe emissions, but gain whatever emissions generated the power (sometimes solar, great, but sometimes lignite, boo), whatever environmental damage resulted from the battery materials, and probably marginal worsening of safety as the same ranger requires a heavier vehicle
Switch to self-driving and you may increase safety (feels like Waymo basically yes, Tesla probably no based on their track record with stat manipulation), but also vastly increase use, worsening congestion and land-use. The others stay the same.
So I don't understand why you're saying the externality ratio is good. From my perspective self-driving cars don't really move the needle.
Earlier quoted context omitted.
>If you are today a big insurance like Munich Re, and you see already today that self-driving produces already much less accidents (90% or so I read days ago?), and the tech is really new & "not 100% reliable" and you believe that this tech will be rolled out - one day you will start lobbying politicans that manual driving needs to be forbidden, except some rare cases. Why would insurance companies lobby for that? 90…
Reduction in premiums doesn’t mean reduction in profit.
Very impressive video! What you can clearly see: If you scale this over the next years, "manual driving is over" :-D This is just the very very early beginning, like the first seconds after big bang, we haven really started this whole thing: If you put just more ressources here, we will have giant parking houses for just self-driving-cars, like "coming home over night and recharge" And this technology will come on a…
Hint: Normies outside the tech world are not hell bent on making themselves unemployed. That phenomenon only exists among software engineers.
Earlier quoted context omitted.
Which isn’t even really that prohibitive because Chinese vehicles beat Western pricing by five figures. Plus, all the sensor equipment is made in China anyway. There’s almost certainly no way to have it manufactured in the US. On top of that, fleet sales don’t have to deal with the antiquated dealer network laws in the US. And of course American market car manufacturers refuse to produce vehicles that are like this o…
I would pay lots of money for an electric minivan (or van I guess) with removable seats that can fit a 4 ft x 8ft board.
Very impressive video! What you can clearly see: If you scale this over the next years, "manual driving is over" :-D This is just the very very early beginning, like the first seconds after big bang, we haven really started this whole thing: If you put just more ressources here, we will have giant parking houses for just self-driving-cars, like "coming home over night and recharge" And this technology will come on a…
Insurance companies don't really care that much if accidents are more or less likely, what they care about is that they can be underwritten effectively.
The most interesting shift here as it pertains to insurance is the fact that losses might be correlated in brand new ways. Today there's no simple way for 100,000 cars to all crash a few minutes apart, worldwide, for the same reason. In the future that may in fact be plausible.