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News, Analysis & Perspective on Autonomous Vehicles

Autonomous vehicles handing over control: Opportunities and risks for insurance

Lloyd’s of London, December 31, 2014

The insurance industry’s expertise in risk management will be a factor in the adoption of autonomous and unmanned technology. In an area where regulation and safety standards are yet to be developed, insurers can encourage prudent progress by making their own risk assessments and providing policies for responsible operators. There is an opportunity for insurers to engage in the transfer of new risks, making it possible for continued technological innovation. This technological innovation may give rise to new business opportunities, with corresponding opportunities for insurers.


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