Motor insurance will be “massively impacted” as autonomous vehicle technology becomes mainstream, according to AXA’s technical director David Williams.
The arrival of autonomous vehicles to our roads, which the UK government is making way for by 2021, will transform society’s relationship with driving and mobility, and will also mean big changes for the motor insurance market.
“Forget business as usual, it’s going to be completely different going forward,” Williams said at the Insuring Autonomous Vehicles 2018 conference last week.
“I’m a really big fan of autonomous technology, and I absolutely support getting autonomous vehicles safely on the roads as quickly as possible… But when you approach it from a traditional insurance perspective, that technology is going to have a huge impact,” he said.
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