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…
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…
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…
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…
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…
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…
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,…
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…
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…
With the number of disruptors entering the insurance industry, personal lines insurance is set to undergo a dramatic transformation, but will likely not disappear altogether, speakers suggested Thursday at the 2016 CIP Society Symposium. Catherine Kargas (picture below right), vice…