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Imagining A Future Filled With Driverless Cars
Visions of robotic self-driving cars may appear like something from a George Lucas film but in June 2011, this vision took a giant leap toward becoming reality when Nevada became the first state to enact legislation that allows driverless cars. This move allowed Google to begin testing its experimental driverless technology.
Executive Summary
When driverless cars are mainstream, claims handling will become the domain of data analysts, insurance will be priced and sold by computers, and forward-thinking carriers will have built policies recognizing that the car will be the risk to insure, not the driver, CFC Underwriting's Graeme Newman believes. Executive Summary When driverless cars are mainstream, claims handling will become the domain of data analysts, insurance will be priced and sold by computers, and forward-thinking carriers will have built policies recognizing that the car will be the risk to insure, not the driver, CFC Underwriting’s Graeme Newman believes.
The prospect of highways full of self-driving cars is now a few decades away and will undoubtedly change our social lives in many ways. The impact of this new technology on the $200 billion automobile insurance industry will be equally profound.
