The rise of driverless vehicles - who's in control? The rise of driverless vehicles - who's in control?

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.[1] 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


[1] Finity Consulting Pty Ltd, The impact of autonomous vehicles on CTP insurance and it’s regulations (January 2016) State Insurance Regulatory Authority

Henry Silvester

Henry Silvester

Principal