4 Ways Driverless Cars Are Poised to Shake up Insurance
2. …But Not All Tech is a Net Positive
Big auto insurers are very involved in the innovation process around making cars safer, says Mark Breading of SMA. But even as some technologies reduce the likelihood of certain kinds of accidents, others introduce new risk vectors, he notes.
"I've thought a lot about, in auto insurance, to what extent can you engineer away risk," Breading says. "But as you design new approaches, you're going to introduce new risks." For example, airbags reduce certain kinds of injuries while at the same time introducing new types, he cites.
"If you have info projected on the windshield, is that safer or is it dangerous?" he asks. "There's so much tech that's being put in the car that requires attention. The more information that comes at us creates distracted driving and is going to create new risks."
Nathan Golia is senior editor of Insurance & Technology. He joined the publication in 2010 as associate editor and covers all aspects of the nexus between insurance and information technology, including mobility, distribution, core systems, customer interaction, and risk ... View Full Bio
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