Tag Archives: Uber

3D Printing: The “Disruption” which didn’t really disrupt

It feels like decades ago but actually it is only 4 years ago when 3D printing was supposed to disrupt each and everyone.

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Googling around, it is quite easy to find articles like this one in Forbes from October 2013:

We are a few years away from a printed economy – an economy in which 3D printing will have a major role in manufacturing. Up to now, 3D printing has been most useful in creating prototypes. But from the automotive to the electronics and toy industries, 3D printers will increasingly produce critical parts and finished products. What are some industries 3D printing will disrupt? Here’s our list of seven.

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Driverless cars + Uber –> Death of Car Insurance ?

As this became a long post, a quick management summary upfront:

The case for 100% self driving cars without accidents is not so clear for me
1. Based on current facts, the Google car doesn’t seem a lot better than human drivers
2. From other areas (Airplanes, chess) we can learn that a human-machine combination is often better than a “machine” alone
3. Driving cars is also an emotional experience, many people might not fully sacrifice this
4. Some innovations take longer than one thinks, especially if they take away freedom from consumers
5. A gradual decrease of claims could actually be positive for car insurers over an extended period of time

Additionally, I don’t see a combination of driverless cars with a service like Uber replacing private cars anytime soon. There are a lot of practical issues with renting out private cars to complete strangers. However, taxi driver might not be a job with a big future either.

So from my perspective, as shareholder of a car insurer like Admiral there is no reason to panic, however for traditional insurers this might be one more nail in their coffin.

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