General Insurance Article - New Government funding has driverless cars projects on track


The announcement of a further £20 million in funding for projects developing driverless cars is a timely boost to schemes which should revolutionise transport, insurers said today.

 The fresh investment, announced by Business Secretary Sajid Javid, includes funding for one trial which will examine how data can best be collected and used in the event of accidents, something which will be crucial to the car insurance of the future.

 Ben Howarth, Policy Adviser for Motor and Liability at the Association of British Insurers (ABI), said: “Driverless cars have huge implications for improving road safety and could revolutionise transport for people who currently have difficulty getting around. Insurers are committed to helping get these vehicles onto UK roads, and investment of the kind being announced by Government today is also essential in making that happen.

 “We are particularly pleased one project will focus on how data about accidents should be collected and used. Working out the best approach for this will be a key part of establishing a simple and straightforward insurance system which can get help to those affected as quickly as possible.”

 A group of 13 UK motor insurers, led by the Association of British Insurers (ABI) and Thatcham Research, has recently been formed to consider key issues relating to automated driving on UK roads, particularly concerning insurance and liability.

Back to Index


Similar News to this Story

Car insurance premiums fall by 17 percent in last 12 months
Motorists are now on average paying £777, which is £164 less than one year ago, with easing claims inflation and frequency contributing to this trend.
Insurance Premium Tax hits new record with 1 month to go
According to this morning’s HMRC data, Insurance Premium Tax (“IPT”) receipts stood at £1.3 billion in February 2025, bringing the 11-month total for
European Energy Transition
New analysis by LCP Delta reveals that the ongoing buildout of grid scale renewable generation will be accompanied by a surge in household electrifica

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

Email
Password
 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS

WikiActuary

Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.