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GFIA SETS OUT DEMANDS FOR INSURING DRIVERLESS CARS

Informa Insurance News 24

GFIA SETS OUT DEMANDS FOR INSURING DRIVERLESS CARS

The Global Federation of Insurance Associations (GFIA), which represents the interests of 40 insurer associations in 64 countries, has published a set of guiding principles on the future of motor insurance to help steer public policy discussions on automated vehicles. The principles set out four areas of concern: vehicle safety, insurance coverage, vehicle data, and liability laws. In particular, the principles call on insurance regulators to encourage the development of an open and competitive insurance market for new motor risks, such as cyber incidents. It also asks that insurers are allowed to limit coverage to reasonable use and maintenance/updates. Automated driving should not be available if any safety-critical software updates are not installed, it said. Insurers also want access to vehicle data via an open platform that is not controlled through a proprietary model of a single stakeholder, and request access to data to establish the cause of an accident.

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