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Insurance company amazed by new driver safety technology

Photo: Volvo
The Morning Shift All your daily car news in one convenient place. Is your time not important?

Insurance companies are not sure about all these new technologies to support driver safety. Some consumer representatives are crazy about Tesla, BMW has the batteries in its head and more await you in this The Morning Shift of Friday, July 26, 201


1. Gear: A Changing Landscape

Many new cars today can be equipped with a range of advanced driver assistance systems (ADAS), such as 360-degree cameras, automatic braking and lane keeping, and adaptive cruise control. It is only the way of the future. These features are very attractive to buyers and should make driving safer.

Insurance companies, which base their entire profit system on accidents and collisions, could, however, according to Reuters, begin to influence the premiums. From the story:

Passenger car insurance is traditionally a low-margin business, but it offers insurers the largest amount of liquidity. In the United States alone, direct premiums of more than $ 244 billion were generated in 2018, according to data from the National Association of Insurance Commissioners. Car insurance is also seen as a way for insurance companies to sell other, more lucrative products to customers.

According to Swiss Re AG, the world's largest auto-reinsurer and mapping company HERE, ADAS has the potential to reduce the incidence of traffic accidents by up to 25% and the worldwide insurance premiums for ADAS-equipped cars by 2020 by $ 20 billion to lower. [19659013] Insurance companies here in the US, however, state that they do not have "sufficient data" to "validate auto industry promises regarding the safety benefits of automated driving systems."

That means you may have ADAS in your car You will probably not receive a premium discount soon. Insurance companies claim that there is a lack of OEM data about the measured security of their functions, inconsistent standards, unpredictable consumer usage, and more expensive repair bills than variables.

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The bit about sky high repair bills is especially true. Since most sensors are located in the bumpers and windshield of a car, they are no longer cheap repairs and can lie in the thousands range after a simple chip or a fender bend.

Allstate and Westfield Insurance agreed:

"We will not violate the data and make false rebates for marketing purposes at this time." We just want to make sure that the interest rate reflects the associated risk, "said Steve Armstrong, vice president of pricing at Allstate Corp., one of the largest US insurers.

"We are stuck in a dull interim phase," said Jennifer St. John, national auto-claims leader at Westfield Insurance. "ADAS has shown that it has benefits in practice, but there really is not much in common with what's out there."

But maybe insurance companies will be forced to rethink that if more of these features become the standard safety of cars. However, I still do not think that all our rewards will change. What, do you think car insurance will be cheaper ? I want to live in the world in which you live.

. 2 Gang: Investigate the autopilot, please: consumer groups

Here are the actors involved: The Center for Car Safety and Consumer Surveillance (both consumer protection groups), the Federal Trade Commission, some prosecutors and Tesla. And it goes, you guessed it, about autopilot.

Yesterday, the two interest groups issued a statement renewing their call to the FTC and Attorney General of California, New York, Florida, Michigan, Utah and Massachusetts to investigate "Dangerously misleading and misleading practices and portrayals of Tesla Motors "in relation to the" safety and performance of the autopilot function "violate section 5 of the FTC Act and similar state laws because they are factually misleading and can mislead consumers if they assume their vehicles self-propelled or autonomous. The letters say that Tesla's and Elon Musk's public statements about autopilot mislead and deceive consumers.

The authorities report the recent crash in which a Tesla driver was reported to have died in Florida in March, allegedly involving autopilot.

I'll say it again because I think it has to be said. Autopilot is no self-propelled function. It is a very advanced driver assistance function. When you turn it on, you do not have to watch the road and do not take your hands off the steering wheel.

We do not have self-driving cars yet. People have to stop acting like us.

. 3 Gear: More Batteries

As more and more electric cars and hybrids travel on the road, battery power needs to be maintained. BMW plans an increase in battery production, according to Automotive News Europe.

This is a $ 10 million investment at the South Carolina car manufacturer's Spartanburg plant, which will hopefully double production capacity for lithium-ion battery packs. The new batteries will be used for the PHEV versions of the X5 and the upcoming X3.

This is part of BMW's plan to bring 25 electric vehicles (half of them electric vehicles) to market by 2023. [19659010] If you are something like the wonderful i8, then I am in favor.

. 4 Gang: China's car sales still do not look good

As the world's largest market for cars, it almost seemed like everything The car makers turned to China. For the first time in two decades, Chinese car sales collapsed last year and it does not look like they will recover in the near future.

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The Chinese Automobile Manufacturers Association, the largest auto industry association, predicts a fall in car sales of five percent over the previous year to 26.7 million cars this year, according to Reuters. From the story:

This compares to its previous forecast of zero growth and a decline of 2.8% last year. Sales of new energy vehicles are expected to increase, but slower than previously forecast to 1.6 million (1.5 million), according to CAAM.

The more pessimistic forecasts follow a series of downgrades by industry experts and criticism The rapid pursuit of new emissions regulations in China was handled poorly, resulting in lost revenue.

Even the continuing trade war has brought no benefits to anyone. This apparently affected consumer confidence.

We are in recession, children. Buckle up.

. 5 Gear: A Revised Car You Probably Forgot

The Cadillac XT5 has been reworked for 2020. Please try to hold back your applause until the end of the presentation updates as found in the company's press release:

  • Standard LED Headlights
  • Updated lower front and rear fairings
  • Higher resolution interior display
  • Pedestrian alert rear
  • Standard heated front seats
  • The 2.0-liter four-cylinder turbo is now the standard engine.

Do not go out and buy one at a time.

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Neutral: Do you think car insurance will be outdated?

Let's play a fun and absolutely hypothetical game. Let's say we finally reached completely autonomous cars. Vehicle-to-vehicle and vehicle-to-infrastructure communications and all that. Nobody ever drives anywhere, everything is automated. Will there be an accident insurance?

Sure, you'll need it when a tree falls on your car, but if all the cars are autonomous and "talking" to each other, would not this effectively preclude accidental collisions? So that the accident insurance becomes obsolete?

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