Autonomous driving: the implications for insurance

In this IIL accident lecture David Powell will review the impending roll-out of advanced vehicle technology and the potential implications for insurers. The lecture scrutinised the provisions of the Automated and Electric Vehicles Bill and consider future effects on motor underwriting and claims.

Vehicle manufacturers globally have long provided driver assistance technology; the offering is now rapidly developing into advanced automated functions. The implications for transport, the environment, the economy and insurance are significant. A new legal and regulatory framework is under construction in order to support rapid uptake and ensure liability and compensation issues are dealt with efficiently. This will involve new liabilities for insurers and ultimately lead to major changes to the usage and ownerships models of commercial and personal vehicles. Changes to the insurance model with inevitably follow. Cyber risks and safety ethics are additional factors to consider.

By the end of this lecture members would have gained an insight into:

• the proposed legal and regulatory framework for automated vehicles
• the potential implications for motor underwriting and claims handling
• some thoughts on cyber risk and safety ethics

Speakers Bio:
David has over 20 years experience in insurance, the majority of which has been spent advising on motor and liability public policy issues. He oversees the LMA's non-marine team, providing technical services, project management and representation to underwriters.

Chair:
Peter Merrett, Compliance Officer, ERS Syndicate Management Ltd.

CPD events are open to CII and PFS members
Registration closes at 12pm two working days before the event date
For events held in The Old Library, Lloyd's pass holders may also attend and do not need to register
Original Photo ID (Driving Licence, Passport, Work ID with company logo and full name) is required to gain entry to all venues

Conditions:

• Email confirmations and original photo ID must be produced to security staff at the lecture venue
• Attendance confirmations are non-transferable to any other person or lecture
• All venues have limited capacity and registration and/or a Lloyd's pass does not guarantee admission

Please let us know what we can do to make our events fully accessible to you.

Contact:
Please contact Patricia Pedraza (07463 028327) with any queries regarding the CPD events programme.

To view our image and video capture consent statement, please click here.