Autonomous Vehicles – Challenges for the Insurance Industry
Wybrane pełne teksty z tego czasopisma
The objective of this article is to identify and analyse opportunities and threats for the insurance industry related to the popularisation of autonomous vehicles. The analysis uses the data and forecasts included in reports of independent research institutions, which forecast the tempo of development of autonomous vehicle technologies. In the following few years, the global model of transport is going to change as it will gradually move away from the model of possessing individual vehicles and towards using a fleet of autonomous vehicles depending on current needs. The fundamental motivation for changes will be safety, comfort and lower costs. A direct result of the technological revolution for the insurance industry is a reduction of the amount of paid compensation, which is related to the improvement in the safety of road traffic. However, the new model of individual transport is going to dramatically reduce the number of vehicles on roads, and therefore it will result in a significant drop in the income for insurers coming from selling vehicle insurance policies, which currently is one of the most significant sources of income for numerous markets.
- Automated and Autonomous Driving Regulation under uncertainty. 2015. International Transport Forum. International Transport Forum Policy Papers, 7, OECD Publishing, Paris, doi: http://dx.doi.org/10.1787/5jlwvzdfk640- en.
- Eugensson A., Brännström M., Frasher D., Rothoff M., Solyom S., Robertsson A. 2013. Environmental, safety, legal and societal implications of autonomous driving systems. The 23rd Enhanced Safety of Vehicles Conference Research Collaboration to Benefit Safety of all Road Users. Paper number: 13-0467, Crash Avoidance #3: Vehicle Electronic System Safety: Controls, Cybersecurity and Automated Vehicles. http://www- esv.nhtsa.dot.gov/Proceedings/23/isv7/main.htm.
- European Motor Insurance Markets. 2015. European Motor Insurance Markets. Insurance Europe.
- Global Automotive Executive Survey. In every industry there is a :next' - See it sooner with KPMG. 2016. KPMG's 18th consecutive. KPMG.
- Pillath S. 2016. Automated vehicles in the EU. EPRS, European Parliamentary Research Service, Members' Research Service, PE 573.902, p. 2-12.
- Re-inventing the wheel. Scenarios for the transformation of the automotive industry. 2015. PwC. https://www.pwc.com/gx/en/automotive/publications/assets/reinventing-the-wheel.pdf.
- Road safety in the European Union, Trends, statistics and main challenges. 2015. European Commission. https://ec.europa.eu/transport/road- safety/sites/roadsafety/files/vademecum-2016.pdf.
- Road traffic accidents in Europe and North America. 2015. UNECE. https://www.unece.org/filead-min/DAM/trans/main/wp6/publications/RAS-Leaflet-2015.pdf.
- Tesla Press Information. 2016. https://www.tesla.com/press.
- The future of the car. Who's in the driving seat?. 2015. KPMG. https://assets.kpmg.com/con-tent/dam/kpmg/pdf/2015/12/the-future-of-the-car-report.pdf.
- The insurance industry in 2015. Top Issues. 2015. PwC. https://www.pwc.com/us/en/insurance/publi-cations/top-insurance-industry-issues- 2016.html.
- Transforming Personal Mobility. 2013. Ed. L.D. Burns. The Earth Institute. Columbia University.
- Viereckl R., Ahlemann D., Koster A., Jursch S. 2015. Connected Car Study. Racing ahead with autonomous cars and digital innovation. Strategy&, PwC.