Insurers Aim to Use New Technology To Make Cars “Marketing Machines”
Posted on Jun 23, 2016 in Insurance Developments and Trends, Technology Impacting Auto Insurance | Comments Off on Insurers Aim to Use New Technology To Make Cars “Marketing Machines”
Modern cars capture vast amounts of information about drivers through various computer technologies, tracking where drivers are going, when, and how they are driving. A new study from McKinsey and Company suggests that the future of car insurance lies in harnessing that data: by collecting and analyzing data collected from drivers, car insurers could turn the car into a “marketing...
Deloitte Predicts Changes to Auto Insurance Due to “the Future of Mobility”
Posted on Jun 3, 2016 in Insurance Developments and Trends, Technology Impacting Auto Insurance | Comments Off on Deloitte Predicts Changes to Auto Insurance Due to “the Future of Mobility”
Deloitte has released a white paper analyzing trends and potential future changes in auto insurance. Two key trends addressed are the rise of autonomous vehicles and the shift from individual vehicle ownership toward the sharing economy. Members of Deloitte’s actuarial practice modeled how these trends might affect auto insurance. Deloitte projects that total auto insurance premiums...
Owner Claims Tesla Crashed While Autopilot System Engaged
Posted on May 31, 2016 in Industry News | Comments Off on Owner Claims Tesla Crashed While Autopilot System Engaged
A California driver recently claimed that her car’s self-driving functions caused her to crash into another car on the freeway. According to the owner, her Tesla S Autopilot cruise control system was engaged, but the car failed to slow down when the car in front of her suddenly stopped. The owner says she manually braked but still hit the car in front of her. Tesla contends that the...
Customer Advocacy Groups Accuse the NHTSA of Doing Too Little On Automatic Braking
Posted on May 27, 2016 in Insurance Regulation | Comments Off on Customer Advocacy Groups Accuse the NHTSA of Doing Too Little On Automatic Braking
The National Highway Traffic Safety Administration has been accused by consumer advocacy groups of doing too little to ensure that automatic emergency braking is standard in all light vehicles. The consumer advocacy groups have further accused the NHTSA of entering into a “backroom deal” with automakers to avoid such safety standards. Specifically, the NHTSA entered into an agreement...
Uber Testing Autonomous Vehicles in Pittsburgh
Posted on May 22, 2016 in Technology Impacting Auto Insurance | Comments Off on Uber Testing Autonomous Vehicles in Pittsburgh
Uber is testing a driverless Ford Fusion hybrid on streets in Pittsburgh. While a driver sits behind the wheel, the vehicle drives itself using radars, laser scanner, and high resolution cameras.
