The ADAS tipping point – are motor insurers ready as the technology finally goes mainstream?

ADAS

Advanced driver assistance systems have been part of new vehicles for over a decade now, with these features becoming increasingly common as manufacturers look to gain competitive advantages over rivals.

By 2022 the European Union will make some advanced driver assistance systems mandatory for new cars. And although the UK is no longer beholden to the EU, it indicates that the direction of traffic is very much going one way.

A recent survey carried out by Insurance Post in association with National Windscreens found almost 1 in 3 of respondents claimed that 20-40% of their motor book was ADAS-enabled.

However, in the same survey insurers admitted that it was difficult to get definitive data on which vehicles were fitted with which ADAS features with one-third of those asked saying they were taking no action to identify ADAS features for underwriting purposes.

To explore these finding further Insurance Post in association with National Windscreen held a webinar in which an expert panel discussed:

  • How do insurers currently trying to identify whether the vehicles they insure have ADAS features; and how can this process be improved?
  • What role should the motor manufacturers be playing in assisting this?
  • The impact of ADAS features are having on repair times and costs; and how these are being addressed to make them quicker and cheaper?
  • How are insurers qualifying that repairs to ADAS features are being done a requisite standard? And what is that standard?
  • What are the main benefits of ADAS for insurers in terms of claims costs; and when do they think these will be fully realised?

Joining us for the discussion are:

  • Mark Payne, regional managing director National Windscreens
  • David Williams, managing director underwriting & technical services Axa
  • Jon Dye, director of underwriting, motor, QBE
  • Brian Hodge, director of motor customer claims, LV

To watch on demand click here

 

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