Canadian Underwriter

Keyword
autonomous vehicles


Feature Markets / CoveragesMergers and Aqcuisitions

Unknown Roads Ahead

November 2, 2016 Robert Love, Partner and National Leader, Product Liability and Automotive Focus Groups, Borden Ladner Gervais, LLP

Consensus seems to be that automated vehicles will reduce collision numbers
and severity – and with this, a shift in the determination of liability – thereby impacting underwriting, policies, coverage and the law. Now is the time for insurers to get ahead of the curve and determine the associated risks.

News InsuranceMergers and AqcuisitionsTechnology

Autonomous vehicles may reduce U.S. motor premiums by more than 40% by 2050: Aon Benfield

September 13, 2016 by Canadian Underwriter

Autonomous vehicles may reduce motor pure premiums in the United States by more than 40% by the time they “reach full adoption in 2050,” according to a recent Global Insurance Market Opportunities report from Aon Benfield. Aon Benfield, the global

News InsuranceLegalLegislation / RegulationMergers and AqcuisitionsTechnology

Drivers still liable in accidents, even in near driverless cars, says Canadian law firm Borden Ladner Gervais

August 2, 2016 Terry Pedwell - THE CANADIAN PRESS

OTTAWA – Until Canadians own cars that truly drive themselves, they can forget getting off the legal hook if they’re in an accident with a vehicle that still has a steering wheel, suggests a report from Canada’s biggest law firm.

News InsuranceMergers and AqcuisitionsTechnology

Most companies unprepared for emergence of autonomous vehicles: Munich Re survey

July 19, 2016 by Canadian Underwriter

Most companies are unprepared for the emergence of autonomous vehicles (AVs), with 64% of polled risk managers saying that their companies have done nothing to prepare for the emergence of these vehicles in the auto market, according to a Munich

News InsuranceMergers and AqcuisitionsTechnology

Tesla driver killed in crash while using car’s ‘Autopilot’

July 1, 2016 By Joan Lowy and Tom Krisher - THE ASSOCIATED PRESS

WASHINGTON – The U.S. announced Thursday the first fatality in a wreck involving a car in self-driving mode, the 40-year-old owner of a technology company who nicknamed his vehicle “Tessy” and had praised its sophisticated “Autopilot” system just one month

News InsuranceMergers and AqcuisitionsTechnology

GM Canada announces expansion of work on autonomous and connected vehicle technology

June 10, 2016 by Canadian Underwriter

General Motors (GM) Canada announced on Friday an expansion of its engineering and software work in the country to support the development of “innovative new automotive systems and technologies for the future.” GM said in a press release that it

News InsuranceLegislation / RegulationMergers and AqcuisitionsTechnology

Autonomous vehicle sales to reach 21 million globally by 2035: IHS Automotive

June 7, 2016 by Canadian Underwriter

Global autonomous vehicle sales will reach nearly 21 million by 2035, a substantial increase from previous estimates, according to the latest forecast from IHS Automotive. Released on Tuesday, the forecast is a major increase from previous estimates and is influenced

News AssociationsInsuranceLegislation / RegulationMergers and AqcuisitionsTechnology

Insurance industry ‘has to be ready’ for automated vehicles: Insurance Institute speaker

May 25, 2016 Greg Meckbach, Associate Editor

The rollout of fully autonomous vehicles for consumers “is quite a bit further off than we might expect,” and experts need to educate consumers about the limitations of the technology, but insurance providers should get ready over the next five

News InsuranceMergers and AqcuisitionsTechnology

Multi-billion pound motor insurance industry in the U.K. faces radical restructuring due to autonomous cars

May 3, 2016 by Canadian Underwriter

The multi-billion pound motor insurance industry in the United Kingdom faces a period of radical restructuring as a result of the advent of autonomously driving (AD) cars, with the number of crashes set to dramatically drop and insurance premiums set

News InsuranceMergers and AqcuisitionsTechnology

Autonomous vehicles will have “whole host of impacts” on municipalities: Insurance Telematics Canada speaker

May 3, 2016 Greg Meckbach, Associate Editor

Autonomous vehicles will “shrink” the auto insurance industry but could also increase liability risk for municipalities, speakers suggested at a recent conference in Toronto. “Over time, this is going to transform mobility and what cities look like,” said Stephen Buckley,

News InsuranceMarkets / CoveragesMergers and AqcuisitionsTechnology

Services related to telematics, not commercial vehicle itself, becoming more of a focal point

May 2, 2016 by Angela Stelmakowich

A transition is occurring in which the focus is not so much on commercial vehicles as on services, including those related to telematics, that are increasingly becoming available, Sandeep Kar, global automotive practice leader for Frost & Sullivan, suggested Friday

News AssociationsLegislation / RegulationMergers and AqcuisitionsProfessional DevelopmentTechnology

YIPT autonomous vehicles panel addresses product liability, future need for personal auto insurance

April 22, 2016 by Canadian Underwriter

The first fully autonomous cars could be in showrooms in a few years, attendees to the Young Insurance Professionals of Toronto (YIPT) second annual Speaker Panel Series heard last week. “You will see the first fully autonomous cars in showrooms