For the past hundred years, automobiles and insurance have been interwoven. So, as vehicles become increasingly automated, the insurance industry has to grow and adapt.
Currently, automotive insurance calculations rely on decades of actuarial data, crash statistics, and legacy methodologies to determine risk and liability. With a new era of AV technology on the horizon, what will insurance look like?
In this episode of the PAVEcast, we chatted with Steve Miller, Innovation Lead with the Insurance Office of America to discuss how the insurance industry is preparing for autonomy. We wanted to know how insurance companies evaluate AVs and what it will look like to provide coverage of a vehicle without a driver.
Listen in for a great conversation about how insurance is adapting to an autonomous future.