Autonomous cars will shake insurance market
Wednesday, 10 17 2018, Category: Technology, Country: World
The world of insurance—and the wider world beyond that—will be changed by the advent of the driverless or autonomous car, according to Vincent Branch, chief executive of Accelerate at AXA XL.
it was no longer a case of ‘if’ autonomous cars would come to mass production, but more a case of ‘when’.
Branch explained there are currently five levels of vehicular autonomy: level 0 means no automation, while level 5 means that a vehicle does not need a human driver. Current trials by driverless car companies have been aiming for level 4, which can mean that a human can participate in the driving process if needed.
Source: Intelligent Insurer