Annual Survey Results
Advances in mobility technologies are not seen as a major threat.
Autonomous vehicle technology is evolving rapidly, bringing us closer to wider deployment of systems that can control multiple driving functions simultaneously, such as steering, accelerating or braking. As the technology evolves, so does the industry’s thinking around it.
Survey Key Findings
Brokers point to software malfunction (37%), cyber threats (28%) and inability to account for other drivers (27%) as primary risks when insuring autonomous vehicles.
Wary of Hackers
For SMEs, the two biggest risks when investing in autonomous vehicles are hackers gaining control (57% vs. 52% in 2018) and determining where accident liability lies (56% vs. 55% in 2018).
Fewer Accidents, Lower Premiums
Seventy-seven percent of brokers expect autonomous vehicle usage to reduce the number and severity of accidents, and 59% expect it to result in lower insurance premiums.
A quarter of SMEs intend to never invest in autonomous or automated vehicles.
“Autonomous vehicles offer tremendous potential for improving traffic safety, saving lives and enhancing quality of life. There are also tremendous challenges and many unanswered questions about how we will safely integrate autonomous vehicles into our lives and communities.”Thom Rickert, Trident Public Risk Solutions
Fewer brokers in 2019 agree autonomous vehicles risk will shift to manufacturers and municipalities
Do you agree that the adoption of autonomous vehicles will shift the emphasis in risk analysis from individuals to manufacturers and/or municipalities?
Near-term investments by SMEs are growing, but slowly
When will your organization invest in automated/autonomous vehicles?
|IN THE NEXT 12–18 MONTHS||16%||17%||14%|
|IN THE NEXT 5 YEARS||12%||14%||9%|
|IN THE NEXT 10 YEARS||7%||6%||7%|
|IN THE NEXT 10+ YEARS||5%||3%||6%|
Blockchain and Cryptocurrency