6 September 2017, 07:00
Photo : PxHere
The advent of the autonomous car will there be a decrease in accidents ? Yes, say some studies. These devices will increase the bill of a collision, say they.
Thefinancial markets Authority has made a review of studies published over the last few months on the autonomous car. She cites three in its annual Report on the financial institutions to 2016, published in mid-June.
KPMG estimates that the average cost of a collision involving vehicles semi-autonomous and autonomous will increase by 40 % by 2040. In addition, in its study entitled Marketplace of Change : the Automobile Insurance in an Era of Autonomous Vehicles, published for the first time in 2015, the consulting firm expects an increase of 25 % to 30 % of the severity of claims. The frequency of those will decrease from 35% to 45 %.
«The smaller number of collisions, combined with the cost of higher repairs, could, in ten years, maintain the compensation of a total related to the car insurance to be relatively stable. All of it could translate into a very small variation of the insurance premium «, it is deduced the Authority.
The regulator also cites two studies in which the conclusions are going in the same vein. The first was carried out by Swiss Re. It is called Re/Insurance Risk Landscape : The Swiss Re Perspective. The second is from PricewaterhouseCoopers (PwC) and was entitled Potential Impacts of Automated Driver Assistance Systems (ADAS) and Autonomous Car Technologies on the Insurance Industry.
The Authority said it would follow up with «great attention» to the developments surrounding the coming on the roads to autonomous vehicles. We may need to rethink and modify the forms of auto insurance. We are also in discussion closely with the insurance industry of damages, in order that its analyses of the situation are progressing at the same speed as those of the industry «, we read in its annual Report on financial institutions in 2016.