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Potential impacts of autonomous vehicles on the UK insurance sector

Author

Listed:
  • Claus, Stefan

    (Bank of England)

  • Wiltshire, Chris

    (Bank of England)

  • Silk, Nicholas

    (Bank of England)

Abstract

The introduction of driverless cars is likely to lead to a seismic shift in the way we travel. This article considers the potential impact they could have on the insurance market.

Suggested Citation

  • Claus, Stefan & Wiltshire, Chris & Silk, Nicholas, 2017. "Potential impacts of autonomous vehicles on the UK insurance sector," Bank of England Quarterly Bulletin, Bank of England, vol. 57(1), pages 40-48.
    • Handle: RePEc:boe:qbullt:0215
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    File URL: https://www.bankofengland.co.uk/-/media/boe/files/quarterly-bulletin/2017/potential-impacts-of-autonomous-vehicles-on-the-uk-insurance-sector.pdf?la=en&hash=9E9149D8659F22ABBE9EB22761FF1AC8900B6EAE
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    Cited by:

    1. Darren Shannon & Grigorios Fountas, 2021. "Extending the Heston Model to Forecast Motor Vehicle Collision Rates," Papers 2104.11461, arXiv.org, revised May 2021.
    2. Darren Shannon & Tim Jannusch & Florian David‐Spickermann & Martin Mullins & Martin Cunneen & Finbarr Murphy, 2021. "Connected and autonomous vehicle injury loss events: Potential risk and actuarial considerations for primary insurers," Risk Management and Insurance Review, American Risk and Insurance Association, vol. 24(1), pages 5-35, March.
    3. Fabian Pütz & Finbarr Murphy & Martin Mullins, 2019. "Driving to a future without accidents? Connected automated vehicles’ impact on accident frequency and motor insurance risk," Environment Systems and Decisions, Springer, vol. 39(4), pages 383-395, December.

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