ULTIMATE GUIDE TO SELF-DRIVING CARS

Highlights: The debate on the timeline of fully autonomous vehicles traveling on US highways rages on, with the optimists in the industry predicting initial applications to begin as early as 2019 and the skeptics questioning whether 2035 is a realistic launch date.

Experts agree that self-driving cars present the auto insurance industry with major challenges, but also with significant near-term opportunities.

The greatest potential of automated vehicles in the short term will derive from the vast amounts of data they create. Autonomous-vehicle manufacturers, software companies and insurers will all be interested in analyzing this data not only to improve existing products, but also to develop new value-added services. In addition, billions of dollars in premium revenue will be available to those carriers that are first to launch insurance services for this new risk category.

Introduction:

In this guide, we will cover:

What do we mean by ‘autonomous’

Who’s making self-driving cars and autonomous-driving technology?

Regulation of self-driving cars

Where are the testing locations for self-driving cars?

What do self-driving cars mean for the auto insurance industry?

Self-driving cars and big data

The human element and consumer attitudes toward driverless cars

The takeaway for insurers

The race for self-driving cars has been accelerating significantly in the last two years with more pilot programs popping up across the globe and more auto manufacturers and technology companies getting into the field.

 

Read more : https://insuranceblog.accenture.com/ultimate-guide-to-self-driving-cars