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 […]
Toyota Invests $22 Million with University of Michigan to Accelerate Artificial Intelligence Research, Autonomous Vehicles
Investment to begin research collaborations focused on autonomous vehicles and advanced robotics projects Research focused on artificial intelligence, robotics and autonomous driving at the University of Michigan (U-M) will get a major boost thanks to an initial $22 million commitment from the Toyota Research Institute (TRI), announced today by TRI-CEO Gill Pratt in an address […]
Auto Safety Advocates Call for Testing of Autonomous Vehicle Technology
Consumer safety advocates express concern over promotion of robotic technology at the expense of safety standards. Cite Tesla crash as failure by safety regulator. In a letter to National Highway Traffic Administration (NHTSA) Administrator Mark Rosekind last week, auto safety advocates from the Center for Auto Safety and Consumer Watchdog expressed concern that NHTSA was […]
Consumer Reports Calls for Tesla to Disable AutoPilot
“Consumers should never be guinea pig for vehicle safety ‘beta’ programs” In one of the most critical comments issued in the wake of Tesla’s announcement that the National Highway Traffic Safety Administration (NHTSA) was launching an investigation into the vehicle manufacturer’s Autopilot semi-autonomous driving feature following a fatal crash in May, Consumer Reports has called […]
ASA to Host Webinar July 27 on Telematics Policy
The Automotive Service Association’s (ASA) Washington, D.C., office will hold a webinar on the current state of telematics and new-technology policy at 1:30 p.m. EDT on July 27. Telematics refers to the connected car and, eventually, the autonomous vehicle that’s not far away. From the software used in instrumentation, backup sensors, adaptive cruise control, cameras […]
BMW Plans to Bring Fully Autonomous Driving to Streets by 2021
Auto manufacturer teams with Intel and Mobileye to advance autonomous technology. The BMW Group, Intel, and Mobileye announced they are joining forces to make self-driving vehicles and future mobility concepts become a reality. The companies plan to bring solutions for highly and fully automated driving into production by 2021. The announcement was made July 1 […]