Driverless cars to dent insurance industry, warns Volvo chief

Hikan Samuelsson says research suggests an 80% fall in crashes by 2035 which could put motor insurers and premiums at risk

It is predicted that driverless cars will prevent the vast majority of crashes and dramatically reduce the cost of insuring a car, according to industry experts.

Volvo's chief executive will tell a seminar on driverless cars on Tuesday that autonomous vehicles are the "single most important advance in automotive safety" in years.