Who The Event Is For
Meet Senior Decision Makers From:
- U.S. Insurance Carriers
- Canadian Insurance Carriers
- Vehicle Manufacturers
- Software / App Developers
With The Following Job Titles:
- Heads of Auto Insurance
- Chiefs Underwriting Officer
- Chiefs of Actuarial Officer
- Pricing Actuary
- Heads of Analytics
- Managers of Emerging Risks
- Managers of Auto Risk
- Heads of Pricing
- Heads of Innovation
- Insurance Brokers & Intermediaries
- Consulting Firms
- Claims Specialists
- Law Firms
- Price Comparison Websites
- Third Party Administrators
Driverless Technologies Insurance North America 2016: Multi-Stakeholder Led Programme
Strategically Planning Ahead And Adapting Business Models For Private And Commercial Auto Insurance
8:50 Chair's Opening Remarks
KEYNOTE DISCUSSION: WHAT IS THE PACE OF ADOPTION?
9:00 Evaluating The Rise Of Driverless Trucks And The Impact On Transportation Insurance
- Identifying the competing priorities for driverless technology adoption
- Determining the impact of driverless trucks on current and forecasted driver shortage
- Projecting the impact driverless vehicles may have on employment in the trucking and support industries, as well as society as a whole
- Estimating the impact of driverless technology on insurance carrier revenues, how risk may transfer from the consumer to another party, and which carriers will win and lose
Alexander McGinley, Vice President, US Marine, XL Catlin Insurance
9:20 Question & Answer Session
EVOLUTION OF DRIVERLESS TECHNOLOGY
9:30 How Revolutionary Changes In Driverless Technologies Are Altering The Expected Trajectory Of The Industry: Discussing The Foreseeable Impacts On Risk, Pricing And Claims
Driverless technology is out there, but it's not readily available yet. It's not going to impact insurers in the near-term but insurers are starting to build it into their long-term strategic planning and starting to think through what the world is going to look like 10 years from now
- Understanding what has changed in the last two years with respect to development to ascertain how quickly has technology evolved
- What will technologies mean for insurance premiums and risk classification? Learn if it is going to change how insurers underwriters have to classify risk
- Quantifying the impact technologies are going to have on claims cost and frequency, and determining who will be at fault for the claim
- Determining which safety features are going to be beneficial in reducing claims
- Recognizing social complexities in implementing the technologies
Egil Juliussen, Ph.D, Director Research & Principal Analyst, IHS Automotive Technology
10:00 Morning Refreshments In Exhibition Showcase Area
DRIVERLESS CAR MANUFACTURER MANUFACTURER PERSPECTIVE
DRIVERLESS TECHNOLOGIES: OEM PERSPECTIVE
10:30 Presenting A Large Auto Manufacturer's View On The Timetable Technology Deployment To Ascertain The Impact On Vehicle Safety And Future Claims
Learn how OEMs see implementation of technology developing:
- How fast do they think that would happen?
- Are they going to start on high-end vehicles first and work their way down to more common vehicles?
- What do they see as the most effective driver productivity technologies?
- How are the technologies tested?
- What happens if they fail?
- What is the backup?
- What happens if driverless cars are driving along and they loose cell reception?
- How does the vehicle come to a halt?
Alan Purdy, Product Manager, Wrightspeed (Stepping in for Ian Wright, Co-Founder, Tesla Motors)
10:50 Extended Question & Answer Session:Opening up a dialogue between OEMs, insurers and software developers to understand how they can engage with one another
LIABILITY FOR DRIVERLESS TECHNOLOGIES
UNDERSTAND WHERE LIABILITY WILL LIE GOING FORWARD IN THE TRANSITION FROM ASSISTED DRIVING TO PURE DRIVERLESS CARS
11:00 Establishing Liability For Autonomous Technologies To Determine at Which Stage Personal Liability Turns Into Product Liability
Main Questions That Will Be Answered:
- How are insurers going to deal with establishing liability when they don't know who has control over the vehicle
- Who is going to be holding the liability: Would it be the manufacturer of the car or the driver?
- Identifying what information will need to be taken into consideration where liability is concerned
- Debating whether drivers are going to put their assets at risk by not putting insurance on that vehicle, with the expectation that the manufacturer will assume liability
- Presenting a case law regarding automated technologies where loss occurred: Who was held responsible for it?
- Learn how courts are going to interpret someone behind the wheel on autonomous vehicle, even if the manufacturer assumes liability
- Understanding how insurers are going to deal with insurance issues as far personal liability versus commercial liability: Who is going to be providing these services?
Robert Peterson, Director, Center For Insurance Law & Regulation
11:30 Question & Answer Session
IMPACT ON PREMIUMS AND CLAIMS
DISCUSSING METHODS TO UNDERWRITE RISK AND HANDLE CLAIMS ON A PRODUCT OF INFANCY: WHAT ASSUMPTIONS WILL NEED TO BE MADE?
A Lot Of Pricing Is Based On Historical Observation; So What Assumptions Do You Make For Driverless Cars?
UNDERWRITING RISK FOR DRIVERLESS VEHICLES
11:40 Assessing How The Increased Use of These Technologies Will Affect Pricing
- Evaluating how innovative automated driving technologies affect traditional risk assessment and underwriting models to understand how this should feed through to pricing and rates
- Debating how to embed the higher costs of vehicle and technology repairs for assisted driving vehicles into premium price rate
- Understanding how to incorporate autonomous technologies for driving into underwriting risk grouping to gain clarity on how premium prices might come down during the transition period into assisted driving
Robert Cleveland, Product Manager, Bankers Insurance
12:10 Question & Answer Session
12:20 Lunch In Exhibition Showcase Area
1:30 Evaluating the Impact of Autonomous Driving Technologies On Claims Cost, Frequency And Handling: What Assumptions Will Have To Be Made In The Absence Of Loss History Data?
'At this point, this is all based on assumptions because every single car on the road isn't going to have the same technology. If they would have every single technology it would be easier to predict what would happen, because everything would be basically be driven according to a similar settle. It may increase but again it is something that insurers would only actually know over time.'
- Debating the near-term and long-term risks and benefits of increasing vehicle automation for the insurance industry
- Sharing and evaluating any recent claims data to predict which types of claims are likely to increase, and which are likely to decrease
Panelist : Robert Cleveland, Product Manager, Bankers Insurance
Panelist : Waleed Wadi, Technical Director, Loss Control Services, Nationwide Insurance
Panelist : Alexander McGinley, Vice President, US Marine, XL Catlin Insurance
Panelist : Alex Hageli, Director, Personal Lines Policy, Property Casualty Insurers Association of America
AUTONOMOUS TECHNOLOGIES FOR ASSISTED DRIVING
ASSESSING COLLISION AVOIDANCE, ACTIVE STEERING, AUTOMATIC EMERGENCY BRAKING SYSTEMS AND CRUISE CONTROL TO INFORM RISK CLASSIFICATION, PREMIUM PRICING AND CLAIMS HANDLING
COLLISION AVOIDANCE TECHNOLOGIES
2:00 Crash Avoidance Technologies: Assessing The Building Blocks For Tomorrow's Driverless Vehicles
Modern cars can be equipped with a range of advanced driver assistance systems that are designed to reduce the workload of normal driving and help drivers avoid crashing. Adaptive cruise control, front crash prevention, lane departure prevention, blind-spot monitoring and parking assistance systems utilize the same kinds of sensors and automated control systems that will be needed to support driverless operation of motor vehicles. Already, many of these systems are affecting losses reported to insurers.
- This presentation will provide the most up to date information about how these technologies are affecting insurance losses today and give a view of how they will evolve over the next few years.
David Zuby, EVP and Chief Research Officer, Insurance Institute For Highway Safety
2:30 Question & Answer Session
AUTOMATIC BRAKING SYSTEMS
2:40 Measuring The Effectiveness Of Automatic Emergency Braking To Determine How It Impacts Liability And Claim Rates
- Public Confusion Around Active Safety Systems in General
- Research from IIHS shows vehicles equipped with automatic braking reduces rear-end crashes by about 40 percent (IIHS- January 2016)
- Voluntary Agreement by 20 automakers to include some form of AEB in vehicles by 2022
- Variations in currently available Automatic Emergency Braking systems
- Describe the MyCarDoesWhat Campaign
- Showcase the campaign's assets around automatic emergency braking (infographic, 30 second explainer, Rick and Scout Videos)
Alex Epstein, Senior Director, Digital Strategy & Content, National Safety Council
3:10 Question & Answer Session
3:20 Afternoon Refreshments In Exhibition Showcase Area
FEDERAL AND STATE REGULATIONS: IMPACT ON ADOPTION
3:50 Understanding The Regulatory Framework For Driverless Technologies In The United States To Determine The Impact On Mainstream Adoption
- How are regulatory bodies preparing for what's about to come? Setting out the US government's position on the regulatory framework for automated vehicles
- Learning when the federal government will allow driverless cars to readily be used on the highways and what will the certification process look like
- Assessing eligibility considerations that will be need to be kept in view from regulatory standpoint legislation for travel across state lines
4:20 Question & Answer Session
4:30 Chair's Closing Remarks
Key Areas Covered In-Depth
- What Is The Pace Of Adoption? Learn When Majority Of Vehicles On Road Will Be Driverless And How Will This Impact The Revenue Of The Insurance Carriers
- Discussing The Foreseeable Impacts On Risk, Pricing And Claims
- Liability : Understand At Which Stage Personal Liability Turns Into Product Liability
- How are insurers going to deal with establishing liability when they don't know who has control over the vehicle?
- Who is going to be holding the liability: Would it be the manufacturer of the car or the driver?
- Impact On Pricing And Claims : A Lot Of Pricing And Claims Handling Is Based On Historical Data: Learn What Assumptions To Make For Driverless Cars
- Assisted Driving Technologies : Inform Risk Classification, Premium Pricing And Claims Handling Decision By Assessing Collision Avoidance, Active Steering, Automatic Emergency Braking Systems And Cruise Control