Driverless Technologies Insurance 2016

How Do Insurance Products Need to Evolve to Be Relevant in a World of Driverless Vehicles?

From automatic braking to distance control systems, the way we drive is moving towards assisted driving. With leading OEMs such as BMW and Volvo completely invested in the technological evolution towards driverless vehicles, autonomous technologies are being implemented every day, drawing the automotive industry closer to full autonomy.

This transition from assisted driving to fully autonomous vehicles is having a profound impact on the current auto insurance business model.

With personal liability gradually transforming into product liability, it is vital for insurance carriers to understand where liability sits in the context of driverless vehicles.

Autonomous technologies currently being implemented in the fleet space are already contributing to safer roads and minimising risks. This is already impacting the frequency and severity of claims, and every insurance carrier is questioning how and when this will feed into premium pricing and eventually affect the private auto market.

Driverless Technologies Insurance 2016 will bring together leading European insurance carriers, OEMs and app developers to gain clarity on how the progressive implementation of autonomous driving technologies will impact auto insurance business models, both in the private auto and fleet spaces.

From Assisted Driving to Full Autonomy

DEVELOPMENT STAGES AND IMPLEMENTATION TIMESCALES

Define the Evolution of Driverless Technologies to Gauge What The Stages and Timescales Are Between Assisted Driving and Full Autonomy

ADAPT INSURANCE BUSINESS MODELS TO NEW TECHNOLOGIES

How Insurance Carriers Need to Innovate Product Offerings to Adapt Their Value Proposal to Driverless Vehicles

DETERMINE WHERE LIABILITY WILL SIT

Evaluate the Transformation of Personal Liability into Product Liability in the Transition from Autonomous Technologies for Assisted Driving to Driverless Cars

CLARIFY TECHNOLOGY EFFECTIVENESS

Gain Clarity on the Extent to Which Assisted Driving Technologies Such as Emergency Braking, Distance Control, Lane Departure Systems and Cruise Control Work

GAUGE THE IMPACT ON CLAIMS AND PRICING

Understand the Impact of Driverless Technologies on Claims Frequency, Claims Severity, Claims Management and Premium Pricing