Covéa Insurance joins the Automated Driving Insurer Group

19th January

The Automated Driving Insurer Group, established in 2015, was formed to generate opinion on key insurance and liability issues relating to automated driving on UK roads. It looks at Association of British Insurers (ABI) policy and works with the Government to shape any necessary legislation (includes Thatcham Research representation).

Barry Street, Head of Engineers at Covéa Insurance was made a member in 2015 and will be contributing to the discussions on such matters. Barry explained:

“We are actively looking to support the positive progress and innovation in relation to the future presence of driverless cars on UK roads. There has already been degrees of development towards autonomous vehicles and with the inclusion of autonomous emergency braking, this offers a great potential to dramatically reducing deaths and injuries on the roads. Motor insurance is one of the business sectors likely to be most affected. By reducing collisions and injuries this could help to bring down insurance premiums.”  

 

About the Automated Driving Insurer Group:

Clearing the way for driverless cars – an insurance commitment

UK motor insurers are committing themselves to helping smooth the path of driverless cars onto UK roads, with the launch of a new initiative to address some of the issues which need to be overcome.

With 94% of road accidents caused by human error, the development of increasingly automated vehicles has huge implications for road safety. Truly driverless cars are also likely to revolutionise life for people with mobility issues.

A group of 11 UK motor insurers, led by the Association of British Insurers (ABI) and Thatcham Research, has now been formed to consider key issues relating to automated driving on UK roads, particularly concerning insurance and liability. The Automated Driving Insurer Group will feed into ABI policy and work with the Government on shaping the future of automated vehicle use in the UK.

 

Some key issues already identified include:

o    Who could be held liable after an accident – drivers, manufacturers, system developers, car    dealers, car maintenance firms or a combination?

o    How to cope with vehicles at different levels of automation

o    How data from individual vehicles will be recorded and used to improve safety and clarify liability

o    Whether there need to be changes to existing road traffic laws and what those changes might be

 

 

-Ends-

 

Notes to Editors:

About Covéa Insurance

Covea Insurance plc is the UK underwriting business of leading French mutual insurance group Covéa, who are number 1 for property and liability insurance in France, generating over 16.3 billion Euros in premiums in 2017.  

Covéa Insurance looks after the insurance needs of over 1.5 million policyholders; delivering financial reassurance through its Standard & Poor’s A+ stable rating, as a guaranteed subsidiary of Covéa. 

The company offers motor, household, protection, pet, mid and high net worth insurance and a range of commercial insurance products, through a range of distribution channels. Employing over 1800 people, Covéa Insurance has a strong people and service ethos, having Investors In People Gold accreditation and is signatory to the HM Treasury Women In Finance Charter. It also has World Class service accreditation from the Institute of Customer Service for its Motor Claims, Home Claims and Underwriting Services teams as well as Chartered Insurer status for its Commercial and Mid/High Net Worth business.

In 2018, Covéa Insurance were recipients of the Personal Lines Insurer of the Year award at both the British Insurance Awards and the Insurance Times Awards and was the top rated insurer in the Insurance Times Broker Service Survey for both Personal and Commercial Lines.

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