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Change for business

  • Business insurance policies will need to accommodate new health and safety risks from automated vehicles in industrial settings
  • Automation will have a positive impact on business fleets and company vehicles, with more efficient performance, less downtime and greater reporting


Vehicle ownership

  • Vehicle ownership models will change as more households choose point of use, rental and subscription services
  • Insurance policies are likely to be sold with the vehicle and associated with its characteristics rather than that of the driver


Regulation change

  • Changes to the regulatory framework will be required to enable the development of autonomous vehicles
  • The approach to liability will evolve, introducing additional regulation of manufacturers and their products


Liability issues

  • As driverless technology develops, a key issue will relate to accident liability and whether it sits with manufacturers and technology providers rather than drivers


Safer roads

  • Will insurance policy premiums reduce with fewer accidents on the roads due to increased automation and the eradication of driver error?
  • Increased reliance on technology and communications creates new risks with the possibility of technical malfunction


Cyber risk

  • The risks relating to cyber-attacks increase as more data is streamed between the vehicle and supporting infrastructure
  • Cyber security threats will impact both personal and commercial data, providing new considerations for liabilities