“There’s no question that insurance for automobiles is going to change dramatically once self-driving cars become a reality,” Jains said. “The big change that we will see is what you identify in it. Most of the insurance that is sold and bought revolves around operator errors and how often they happen, how severe they are, and therefore what premium they are charged.

Clinton Mora is a reporter for Trending Insurance News. He has previously worked for the Forbes. As a contributor to Trending Insurance News, Clinton covers emerging a wide range of property and casualty insurance related stories.