The EU-funded research project into automated buses across Europe, City Mobil 2, has appointed Zurich as insurance associate for a series of tests of the technology across the continent.
Motor manufacturers should reward hackers for uncovering vulnerabilities in autonomous vehicle systems as cyber security remains a major stumbling block to widespread adoption of driverless cars, according to a report published this month.
The development of automated haulage and logistics vehicles could save the haulage industry almost £34bn, according to a study undertaken by Axa UK.
New technology is changing the nature of the partnerships insurers are getting into, says Ageas CEO Bart De Smet.
More than a third of motorists polled by U Switch believe the introduction of autonomous vehicles will drive up their car insurance premiums.
The pressing need for the motor market to alter its business model has been highlighted by the Lloyd’s Market Association and Deutsche Bank this week in light of the ongoing development of driverless car technology.