How do insurance models need to evolve to be relevant in a world of driverless vehicles?

From emergency automatic braking to distance control systems, the way we drive is moving towards assisted driving. With leading OEMs completely invested in the technological evolution towards driverless vehicles, autonomous technologies are being implemented every day, drawing the automotive industry closer to full autonomy.

This transition from assisted driving to fully autonomous vehicles is having a remarkable impact on the current auto insurance business model. With personal liability gradually transforming into product liability, it is vital for insurance carriers to understand where liability sits in the context of driverless vehicles.