Car without a driver and insurance: 5 points that will change the market

In 20 years, fully or partially autonomous vehicles alone will account for nearly a third of global automotive production . However, according to the New York strategy consulting firm Oliver Wyman , this automation of mobility should have a real impact on auto insurance. Spotlight.

A 200 billion market

A recent study by Oliver Wyman reports that by 2035, between 20% and 30% of automobiles produced around the world will be self-sufficient, either partially or completely.

The challenge of this automation estimated at 200 billion dollars (about 175 billion euros ) should be accompanied by the following five “value deposits”:

  • urban infrastructure: the advent of automated vehicles should be accompanied by a reduction in traffic and congestion;
  • new logistics models: carsharing should become increasingly popular;
  • big data: for their use, connected cars use and exchange large amounts of information;
  • new mobility offers: new categories of people should become mobile thanks to the automation of vehicles;
  • enhanced security: in terms of loss experience, autonomous vehicles should be ten times less risky than “traditional” vehicles. Moreover, the obligation of auto insurance could weigh not more on the owner of the vehicle but rather on the driver.

Ethical issues

An expert in the automotive sector at the firm Oliver Wyman, Marc Boilard believes that the “best performers” will be able to anticipate the needs of users and take into account the evolution of regulations to offer “Adapted solutions”.

The Oliver Wyman cabinet also rightly raises some ethical issues that will have to be resolved. For example, how should an autonomous car respond in an emergency if it faces an obstacle and must choose between causing harm to its passengers or a third party?

The definition of a legislative framework

In France, the recently enacted green energy transition law for green growth aims to allow the government toadapt the current legislation to allow the “circulation on public roads of vehicles with partial or total delegation of driving”.

In the course of validation, the order concerns both passenger cars and vehicles transporting people and goods. It should also be concerned with the definition of a liability regime for self-propelled machinery.

In fact, PSA Peugeot Citroën has been carrying out tests on highways and national roads for five weeks with five autonomous cars in the company of “traditional” cars.