“They’ll be driving soon,” a friend said recently when I sent him a photo of my two young sons. “Hoping car will do that,” I responded, only half-joking.
But if you think about it, we may not be so far from that scenario and insurers are among those saying sooner, rather than later for self-driving cars.
From across the pond, this:
Axa UK’s chief executive Amanda Blanc told The Telegraph that autonomous vehicles could be on the roads within 15 years.
In preparation Ms. Blanc said it is crucial for the insurance industry to build a framework for what happens in the event of a car accident that is caused by a computer, rather than a human.
“Driverless cars will not be able to take to the roads [without that],” she added.
Insurers know that new technology, particularly the rise of autonomous driving, will drive a big shift in liability claims and they are preparing accordingly.
For example, in our earlier post we reported that Allianz has already started building teams of engineers with experience in automotive and driverless technology.
The Trump administration is set to unveil revised self-driving guidelines within months, according to this Reuters report.
Despite advances in safety, the impact of collision/crash, particularly motor-related, is the main driver of liability loss activity in the United States, according to Allianz’s latest global claims review.
Check out the I.I.I. issues update Self-Driving Cars and Insurance.