Page 7 - TurkInsurance Digital Magazine

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Also known as driverless or self-driving cars with their
ability to move autonomously through various sensors

to monitor surroundings without requiring human
intervention, autonomous vehicles are getting ready to
reshape many sectors, automotive and industrial sectors

in particular. In the near future, when autonomous
vehicles are estimated to become widespread, most of
the potential accidents are also expected to occur due to
system or software errors. This brings out the question
‘Who will be responsible from the risks?’. Therefore,

autonomous vehicle technology is predicted to largely
reshape the insurance market.

As one of the most important technologies expected to shape the future, auton-
omous vehicles have started to attract huge technological investments in recent
years. Experts estimate that 40 percent of the vehicles in traffic will become
autonomous in the next 7 to 10 years. Big automotive companies included,
technology giants and entrepreneurs are known to have invested a total of 50
billion USD in the development of autonomous vehicle technologies in the last
five years. KPMG, one of Turkey’s leading audit and consultancy companies,
published “Autonomous Vehicles Readiness Index” to investigate the prepar-
edness of a cross-section of 20 countries globally. 20 countries analyzed in the
index are countries that steer global economy and produce global brands in
automotive industry.