In this IIL accident lecture David Powell will review the impending roll-out of advanced vehicle technology and the potential implications for insurers. The lecture will scrutinise the provisions of the Vehicle Technology and Aviation Bill and consider future effects on motor underwriting and claims.

Vehicle manufacturers globally have long provided driver assistance technology; the offering is now rapidly developing into advanced automated functions. The implications for transport, the environment, the economy and insurance are significant. A new legal and regulatory framework is under construction in order to support rapid uptake and ensure liability and compensation issues are dealt with efficiently. This will involve new liabilities for insurers and ultimately lead to major changes to the usage and ownerships models of commercial and personal vehicles. Changes to the insurance model with inevitably follow. Cyber risks and safety ethics are additional factors to consider.

By the end of this lecture members would have gained an insight into:

• the proposed legal and regulatory framework for automated vehicles
• the potential implications for motor underwriting and claims handling
• some thoughts on cyber risk and safety ethics

Speakers Bio:
David has over 20 years experience in insurance, the majority of which has been spent advising on motor and liability public policy issues. He oversees the LMA’s non-marine team, providing technical services, project management and representation to underwriters.

Chair:
Peter Shaw, CEO, Thatcham Research.

Registration & Security