PCIT PLUSNews and Updates in the Property & Casualty Insurance Industry – A KMG Initiative

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DRIVERLESS CARS WILL REVAMP THE CITY STRUCTURE!

The essence of a city lies in its streets. For the past century, cars have dominated the environment and shaped the streets around it. Roads are wide for faster travel; offices are designed with open spaces for better parking and intersections are regulated to protect distracted humans.

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WILL SELF-DRIVING CARS MOVE AUTO INSURERS AWAY?

Automobile manufacturers are taking significant steps towards developing autonomous vehicles. This might see a gigantic decrease in the number of accidents, giving rise to the big question — do we actually need auto insurance if cars are no longer involved in crashes?

Self-driving Cars

The Insurance Impact of Self-driving Cars and Shared Mobility – Tech Crunch

“We’re going to see more change in the next five to 10 years than we’ve seen in the last 50,” said Mary Barra, CEO of General Motors, on record. While that statement is now a year old, it continues to ring true. Vehicle ownership is changing and self-driving cars will be implemented in the next decade. What will affect the insurance industry more: self-driving cars or shared mobility?

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How the Tesla Crash Impacted Public Opinion about Driverless Cars

For multiple reasons driverless cars have caught the fancy of auto makers, insurers and the public. While some care for an effortless ride to their chosen destination, others believe it would reduce the number of accidents on road. But the recent crash of Tesla car during testing raised many questions about the safety of self-driving cars. Are these really safe and who shall be blamed in case there’s an accident?

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Self-Driving Cars Promise a ‘Revolution,’ But Not Necessarily a Positive One – Phys.org

With self-driving car technology rapidly advancing and such vehicles already driving on city streets, the time is ripe to start talking about how they might change more than just how we get around. Self-driving cars won’t just be cool technological gadgets. They are also likely to spur profound changes to the economy and society.

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Self-Driving Cars: A View From 2025 – Wards Auto

All of the main human-error causes of accidents involve functions that automated cars likely will perform significantly better than humans. An array of self-driving cars will be on the road within the next decade.