Driverless vehicle technology is developing at a rapid pace. From the highly publicised innovations of Google, to the now-commonplace technologies such as Autonomous Emergency Braking (AEB); the driverless car is no longer an object of science fiction, but a distinct reality.
There are many anticipated benefits to driverless technology. These include a reduction in collisions, increased fuel efficiency and better traffic management. But, as with all emerging technologies, the wider implications are uncertain. In particular, autonomous vehicles pose many unanswered questions for the insurance sector. Who will be liable in the event of a collision? What will this mean for the suitability of motor insurance products? How will legislation need to react to accommodate autonomous vehicles?