Over the coming decade cars, as we understand them today, will evolve into semi-automated vehicles. Advanced Driver Assistance Systems (ADAS) are expanding to offer safety and convenience features like automated driving in stop/go traffic, intelligent cruise control on the highway, and self-parking. In the longer term, automakers and technology companies see the potential to replace human drivers with self-driving vehicles. Fully automated vehicles promise to reduce accidents dramatically and will do more to disrupt personal mobility than any other innovation since the internal combustion engine.
Insurers need to act now to re-structure their offerings, differentiate themselves and gain a first-mover advantage in what will be a very different auto insurance market.
Automotive Knowledge Associates Limited
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