By Safety National 04/29/2016 08:43:00
At 2016 Philly I Day, a presentation discussed how the combination of on-demand transportation services and autonomous vehicles could impact the risk landscape in the future.
The speakers were: Gerald Finley – SVP Casualty Treaty Underwriting, Munich Reinsurance America, Inc. and Martin Frappolli – Senior Director of Knowledge Resources, The Institutes
There are different levels of vehicle autonomy ranging from 0-4 depending on the number of autonomous features it has. Level Zero vehicles no longer exist. All cars have some form of autonomy such as cruise control, or anti-lock brakes.
A Level 4 vehicle is truly autonomous with no human control required. Level 3 vehicles are sufficiently automated under certain conditions but the human needs to be prepared to take control in certain circumstances. We are a long way from seeing Level 4 vehicles, but Level 3 are very much in the testing and development phase.
The main benefit of autonomous vehicles is improved safety. Automatic features such as anti-lock brakes, lane change warnings, and auto breaking have reduced accidents. It is interesting to note that the frequency of accidents has decreased significantly over the years due to these safety enhancements.
However, the total number of deaths has not decreased. This is partially due to the fact that people are driving so much more than they were years ago. Distracted driving is also a big factor in the death rate staying at a high level. Continue reading Impact of Autonomous Vehicles and On-Demand Economy