The rise of driverless vehicles - who's in control?29 June 2018 | Compulsory Third Party (CTP)
You may not know it, but out on the roads, already, are driverless vehicles. They have been there for a few years. They are being tested in public areas. Private owners are taking them out for a spin and driving them to work. Soon you will be surprised to hop on a bus with no driver. Soon you will not be surprised at all.
A Finity Consulting report published by the NSW State Insurance Regulatory Authority (SIRA) has suggested that annual sales of automated vehicles will represent 75% of all light-duty vehicle sales by 2035. US studies have suggested 100% uptake or close to it by 2040.
This paper explores the evolution and future of driverless vehicles, the applicable laws and insurance, particularly:
- The internet of things and levels of automation
- Who’s driving this and why?
- What changes to the law are needed and when?
- Possible effects on insurers
- The road ahead
To download the full paper click here