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Industry Talking Point:
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Posted:
February 2015
  • Driverless technology poses many questions for the insurance sector
  • New innovations are continually emerging, and fully autonomous functions are already available on a number of new vehicles
  • Zurich’s infographic details some of the key facts and considerations surrounding the topic
DriverlessCars infographic

Driverless technology at a glance

At a glance

  • Driverless technology poses many questions for the insurance sector
  • New innovations are continually emerging, and fully autonomous functions are already available on a number of new vehicles
  • Zurich’s infographic details some of the key facts and considerations surrounding the topic

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?

All these questions will need to be considered; and Government, insurers and manufactures are already working together to address the possible future implications.As driverless technology is likely to move higher up the agenda in the coming years, Zurich has produced an infographic to provide some helpful information and statistics for brokers and their customers.

DriverlessCars infographic

Image - Dan Bright

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