Good to see AXA taking a lead in helping to establish how we transition into the world of autonomous cars.
The insurance industry will be at the heart of developments and we have to ensure we protect the interest of the insurance industry, as well as our clients. It is a marvellous chance to shape the future safely.
In the UK, the Government’s Automated and Electric Vehicles Bill is set to outline a list of vehicles that will be considered “automated” with liability to third parties falling on insurers. However, with vehicles coming to market that allow a driver to “handover” control to a vehicle and vice-versa, there is potentially a huge grey area emerging. What happens, for example, during the time lag between a driver regaining control of the vehicle? It’s an issue that AXA, along with law firm Burges Salmon, was keen to address in its latest Venturer report, which suggests that the government needs to pay attention to the issues that occur during the “handover” stage of driving and calls for new standards that “reflect the real-world capability of drivers and avoid stifling the development of automated vehicles by unfairly penalising motorists.”