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Driverless cars will need a new insurance model

Driverless cars will need a new insurance model

Autonomous vehicles will transform many industries sooner than we think, and the implications for insurers are profound and complex. In the second of two articles about driverless cars Intelligent Insurer looks in more detail at the possible consequences for the motor insurance market.

Autonomous vehicles will transform many industries sooner than we think, and the implications for insurers are profound and complex. In the second of two articles about driverless cars Intelligent Insurer looks in more detail at the possible consequences for the motor insurance market.

“Rather than relying on historical claims data to predict the future, insurers will have to develop other underwriting techniques to assess the risks of AVs.” Neil Ingram, Direct Line Group

As car manufacturers and technology companies continue to develop driverless cars, also known as autonomous vehicles (AVs), their appearance on our roads is getting closer and closer.

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