Technological advancement is not only disrupting the traditional business models of energy producers. Driverless cars are another massive disruptor on the horizon. A lot less accidents will be an enormously positive change for drivers and taxpayer-funded health care, while lowering insurance costs, and thus evaporating a cornerstone of traditional insurance profits. On the other hand, blame for whatever accidents do happen will more likely fall on manufacturers, who will need to increase their insurance coverage. The world is in the midst of massive change. 10-20 years from now, what we think of as state of the art today will be considered old-fashioned artifacts.
The advent of driverless vehicles may be a game-changer for insurers. The need to address legal issues, such as third-party liability in the event of an accident, is becoming more pressing. Here is a direct video link.