driverless vehicles

In the race to design, build and distribute driverless vehicles en mass, the automotive and technology industries have agreed on a set of definitions created by the Society of Automotive Engineers. The six levels of autonomy range from no automation at all to full automation, ie there’s no need for

insurance

Insurance carriers globally could generate US$375 billion in new revenue in the next five years by transforming and revitalising their businesses, according to a new report from Accenture. The report, “Insurance as a Living Business,” found that insurers that continuously innovate and adapt to changing customer needs will be able

The rise of autonomous vehicles is tipped to spell the end of car ownership, but for now car sales are still growing. 2016 was a record year for car sales in Australia with 1.17 million vehicles sold, an increase of 2 per cent on the 2015 calendar year record. Research

connected car

Fully autonomous vehicles — cars which don’t require steering wheels or brake pedals — are likely to appear on Australian roads within eight years. The prediction is made in an 86-page whitepaper released by the NRMA this week, which sets out a timeline for the roll out of driverless vehicles

Mercedes Benz driverless parking

At the Mercedes-Benz Museum parking garage in Stuttgart, Bosch and Daimler have joined forces to demonstrate what driverless parking will look like in the future. With a command from a smartphone, drivers can now automatically park cars in their assigned spots without having to monitor the vehicles’ movements. Sign up

At first glance the rise of autonomous vehicles looks like bad news for the insurance industry. Who needs insurance when your car never crashes? However, a new report argues there’s $US81 billion up for grabs for forward-thinking insurers which will offset a decline in traditional insurance premiums. Sign up for