Association of British Insurers and Thatcham call for standardized data set to help with liability assignment after a crash by an autonomous vehicle and to improve vehicle manufacturer systems. British insurers are leading efforts to have a standard set of data agreed at an international level which would be easily available in the event of […]
Intel Announces $250 Million Investment for Autonomous Driving
Delivering his keynote address at the LA Auto Show’s AutoMobility conference, Brian Krzanich, Intel Corporation chief executive officer, this week announced that Intel Capital is targeting more than $250 million of additional new investments over the next two years to make fully autonomous driving a reality. According to the company, these investments will drive the […]
U.S. House Subcommittee Holds Hearing on Self-Driving Cars
The Automotive Service Association (ASA) reports that on Tuesday, the U.S. House Energy and Commerce Committee’s Subcommittee on Commerce, Manufacturing and Trade held a hearing titled, “Disrupter Series: Self-Driving Cars.” The hearing is the latest in a series that is examining the effects of federal policy on emerging technologies. During the hearing, members addressed the […]
NHTSA Announces New Automated Vehicles Policy
The National Highway Traffic Safety Administration today introduced a new Federal Automated Vehicles Policy which the White House said was “…to help facilitate the responsible introduction of automated vehicles to make transportation safer, cleaner, more accessible, and more efficient.” The policy package is composed of four sections: Vehicle performance guidance for manufacturers, developers, and other […]
Ford Sees Emerging Revenue Opportunities in Autonomy, Mobility Services and Insurance
Vehicle manufacturer eyes transformation from traditional auto manufacturing to transportation services provider. Ford Motor Company (NYSE:F) told investors yesterday the company sees an attractive upside as it invests in emerging opportunities and expands as an auto and mobility company. Ford expects the financial performance of its core business to be strong through 2018 and its […]
Autonomous Vehicles May Reduce US Auto Insurance Premiums by More than 40% by 2050
According to the annual Global Insurance Market Opportunities report by Aon Benfield, premiums will shrink due to the adoption of autonomous vehicles. Forecast assumes an 81 percent reduction in claims frequency, increase in severity. Aon Benfield, the global reinsurance intermediary and capital advisor of Aon plc (NYSE:AON), has launched its annual Global Insurance Market Opportunities […]
Autoliv and Volvo Announce Autonomous Driving Joint Venture
Autoliv, Inc. (NYSE:ALV and SSE:ALIVsdb), the automotive safety systems developer and Volvo Cars, the global car maker, have signed a letter of intent to form a new jointly-owned company to develop next generation autonomous driving software. The planned new company will have its headquarters in Gothenburg, Sweden, and an initial workforce taken from both companies […]
NAIC Hosts Autonomous Vehicle Event for Insurance Regulators
Center for Insurance Policy and Research examines potential impact of autonomous vehicles on insurance sector. More than 300 regulators, consumer representatives and industry stakeholders discussed autonomous vehicles at a forum coordinated by the Center for Insurance Policy and Research (CIPR). The event, Gearing Up for Autonomous Vehicles, was held in conjunction with the National Association […]
Uber Launching Self-Driving Car Fleet in Pittsburgh
Though vehicles will have drivers monitoring the vehicles, residents of Pittsburgh, Pa. will be able to summon self-driving cars through the ride hailing service. Volvo Cars and Uber announce agreement to develop autonomous cars. According to a report in Bloomberg BusinessWeek, Uber will be bringing self-driving cars to Pittsburgh, Pa. this month. The vehicles, while […]
Ford Announces Plans for Fully-Autonomous Vehicle in 2021
The vehicle manufacturer plans a high-volume, SAE Level 4 autonomous vehicle targeted at ride hailing markets. Also announces investment in autonomous technology provider and doubling of Silicon Valley team. Ford yesterday announced its intent to have a high-volume, fully autonomous Society of Automotive Engineers (SAE) level 4-capable vehicle in commercial operation in 2021 in a […]
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