-PDF Download- Impact Of Self Driving Cars On Insurance Industry How Do External Challenges And Innovations Change The Insurance Market EBOOK

Impact of Self-driving cars on Insurance Industry. How do (external) challenges and innovations change the insurance market?

Author: Richard M. Ondimu

Publisher: GRIN Verlag

Published: 2017-11-23

Total Pages: 19

ISBN-13: 3668577862

Studienarbeit aus dem Jahr 2016 im Fachbereich BWL - Bank, Börse, Versicherung, University of Westminster, Veranstaltung: MSc Finance, Banking and Insurance, Sprache: Deutsch, Abstract: The future may be uncertain and hard to predict, but it should not be hard to prepare for. Internet and other digital platforms have transformed the way people interact and how they do business in almost all sectors of the economy. This has led to far-reaching challenges and innovations that could have an impact on both current and future of numerous economic sectors. In insurance, for instance, a sector which has remained largely the same for more than three decades, it has a great influence on its value chain right from production, sales and distribution to claims and payments. This report examines self-driving cars, a digital innovation involving vehicles with the capacity to sense their environment and navigate through the pathways without human driver inputs. Their ability to analyze sensory data that in return enables them distinguish between different cars in the road increases driving efficacy and as a result likely to alter current state of both automobile and life insurance industry substantially because of the likelihood that their adoption will significantly reduce the number of traffic accidents as majority of road accidents traditionally are perceived to be caused by driver error/negligence consequently shrinking insurance bills and claims for customers. This study further examines how this innovation (autonomous cars) would influence insurance markets/business while exploring the various responses which the insurance industry has/will put in place to help cope with these changes in the future to enable them to remain sustainably relevant in the market.

Autonomous Vehicles and the Future of Auto Insurance

Author: Karlyn D. Stanley

Publisher:

Published: 2021-02

Total Pages: 108

ISBN-13: 9781977406354

DOWNLOAD EBOOK →

"RAND social and economic well being"--Title page.

The Global Insurance Market and Change

Author: Anthony A Tarr

Publisher: Taylor & Francis

Published: 2023-10-18

Total Pages: 376

ISBN-13: 1000953181

DOWNLOAD EBOOK →

This book focuses on the global landscape in which insurance is transacted, and where it is evolving, driven from within by transformative technologies and externally by the necessity to address risks like climate change and health crises, such as the COVID-19 pandemic. It discusses the dynamic challenges and opportunities that lie ahead for the industry in areas such as on-demand insurance, embedded insurance, parametric insurance, autonomous vehicles, the rise of fintech, the cyber risk landscape and through initiatives driven by distributed ledger technology or blockchain solutions. Moreover, it covers the major external challenges confronting the global insurance market, such as the growing insurance protection gap in relation to the affordability and insurability of natural catastrophes and climate change, and pandemics like COVID-19. This book examines innovations in insurance driven by the industry as well as externally imposed changes and dynamics impacting the industry. It describes these changes, the industry’s responses and the legal framework in which they occur. It canvasses additional regulatory and law reform initiatives that may be necessary to achieve an effective balance between the various competing interests. The book is the first to address these matters holistically with a particular focus upon insurance law, it will describe these changes and industry responses and the legal framework in which they occur. The Global Insurance Market will be directly relevant to legal professionals, insurers, insurtechs, fintechs, brokers, CEOs of insurance companies, risk managers, legal counsel, academics, researchers, the judiciary, and policy makers. It will also serve as a valuable resource for students of all levels.

Autonomous Driving

Author: Markus Maurer

Publisher: Springer

Published: 2016-05-21

Total Pages: 706

ISBN-13: 3662488477

DOWNLOAD EBOOK →

This book takes a look at fully automated, autonomous vehicles and discusses many open questions: How can autonomous vehicles be integrated into the current transportation system with diverse users and human drivers? Where do automated vehicles fall under current legal frameworks? What risks are associated with automation and how will society respond to these risks? How will the marketplace react to automated vehicles and what changes may be necessary for companies? Experts from Germany and the United States define key societal, engineering, and mobility issues related to the automation of vehicles. They discuss the decisions programmers of automated vehicles must make to enable vehicles to perceive their environment, interact with other road users, and choose actions that may have ethical consequences. The authors further identify expectations and concerns that will form the basis for individual and societal acceptance of autonomous driving. While the safety benefits of such vehicles are tremendous, the authors demonstrate that these benefits will only be achieved if vehicles have an appropriate safety concept at the heart of their design. Realizing the potential of automated vehicles to reorganize traffic and transform mobility of people and goods requires similar care in the design of vehicles and networks. By covering all of these topics, the book aims to provide a current, comprehensive, and scientifically sound treatment of the emerging field of “autonomous driving".

Autonomous Vehicle Technology

Author: James M. Anderson

Publisher: Rand Corporation

Published: 2014-01-10

Total Pages: 214

ISBN-13: 0833084372

DOWNLOAD EBOOK →

The automotive industry appears close to substantial change engendered by “self-driving” technologies. This technology offers the possibility of significant benefits to social welfare—saving lives; reducing crashes, congestion, fuel consumption, and pollution; increasing mobility for the disabled; and ultimately improving land use. This report is intended as a guide for state and federal policymakers on the many issues that this technology raises.

Measuring Innovation in the Autonomous Vehicle Technology

Author: Maryam Zehtabchi

Publisher: WIPO

Published: 2019-11-08

Total Pages: 36

ISBN-13:

DOWNLOAD EBOOK →

Automotive industry is going through a technological shock. Multiple intertwined technological advances (autonomous vehicle, connect vehicles and mobility-as-a-Service) are creating new rules for an industry that had not changed its way of doing business for almost a century. Key players from the tech and traditional automobile sectors – although with different incentives – are pooling resources to realize the goal of self-driving cars. AV innovation by auto and tech companies’ innovation is still largely home based, however, there is some shifting geography at the margin. AV and other related technologies are broadening the automotive innovation landscape, with several IT-focused hotspots – which traditionally were not at the center of automotive innovation – gaining prominence.

Autonomous Vehicles and Future Mobility

Author: Pierluigi Coppola

Publisher: Elsevier

Published: 2019-06-15

Total Pages: 178

ISBN-13: 0128176962

DOWNLOAD EBOOK →

Autonomous Vehicles and Future Mobility presents novel methods for examining the long term effects on individuals, society, and on the environment on a wide range of forthcoming transport scenarios such self-driving vehicles, workplace mobility plans, demand responsive transport analysis, mobility as a service, multi-source transport data provision, and door-to-door mobility. With the development and realization of new mobility options comes change in long term travel behavior and transport policy. Autonomous Vehicles and Future Mobility addresses these impacts, considering such key areas as attitude of users towards new services, the consequences of introducing of new mobility forms, the impacts of changing work related trips, the access to information about mobility options and the changing strategies of relevant stakeholders in transportation. By examining and contextualizing innovative transport solutions in this rapidly evolving field, Autonomous Vehicles and Future Mobility provides insights into current implementation of these potentially sustainable solutions, serving as general guidelines and best practices for researchers, professionals, and policy makers. Covers hot topics including travel behavior change, autonomous vehicle impacts, intelligent solutions, mobility planning, mobility as a service, sustainable solutions, and more Examines up to date models and applications using novel technologies Contributions from leading scholars around the globe Case studies with latest research results

Automated Driving Systems 2.0.

Author: U. S. Department Of Transportation

Publisher: Createspace Independent Publishing Platform

Published: 2018-07-25

Total Pages: 36

ISBN-13: 9781724236395

DOWNLOAD EBOOK →

"A Vision for Safety replaces the Federal Automated Vehicle Policy released in 2016. This updated policy framework offers a path forward for the safe deployment of automated vehicles by: encouraging new entrants and ideas that deliver safer vehicles; making Department regulatory processes more nimble to help match the pace of private sector innovation; and supporting industry innovation and encouraging open communication with the public and with stakeholders."--Introductory message.

Autonomous Driving

Author: Andreas Herrmann

Publisher: Emerald Group Publishing

Published: 2018-03-26

Total Pages: 464

ISBN-13: 1787148335

DOWNLOAD EBOOK →

The technology and engineering behind autonomous driving is advancing at pace. This book presents the latest technical advances and the economic, environmental and social impact driverless cars will have on individuals and the automotive industry.

InsurTech: A Legal and Regulatory View

Author: Pierpaolo Marano

Publisher: Springer Nature

Published: 2019-12-05

Total Pages: 396

ISBN-13: 3030273865

DOWNLOAD EBOOK →

This Volume of the AIDA Europe Research Series on Insurance Law and Regulation explores the key trends in InsurTech and the potential legal and regulatory issues that accompany them. There is a proliferation of ideas and concepts within InsurTech that will fundamentally change the market in the next few years. These innovations have the potential to change the way the insurance industry works and alter the relationships between customers and insurers, resulting in insurance products that are more closely aligned to individual preferences and priced more appropriately to the risk. Increasing use of technology in the insurance sector is having both a disruptive and transformative impact on areas including product development, distribution, modelling, underwriting and claims and administration practice. The result is a new industry, known as InsurTech. But while the insurance market looks to technology for greater efficiency, regulators are beginning to raise concerns about managing potential risks. The first part of the book examines technological innovations relevant for insurance, such as FinTech, InsurTech, Sharing Economy, and the Internet of Things. The second part then gathers contributions on insurance contract law in a digitalized world, while the third part focuses on cyber insurance and robots. Last but not least, the fourth part of the book discusses legal and ethical questions regarding autonomous vehicles and transportation, including the shipping industry, as well as their impact on the insurance sector and civil liability. Written by legal scholars and practitioners, the book offers international, comparative and European perspectives. The Chapters "FinTech, InsurTech and the Regulators" by Viktoria Chatzara, "Smart Contracts in Insurance. A Law and Futurology Perspective" by Angelo Borselli and "Room for Compulsory Product Liability Insurance in the European Union for Smart Robots?” by Aysegul Bugra are available open access under a CC BY 4.0 license at link.springer.com. All three open access chapters were funded by BIPAR.