Driverless cars are set to be the biggest disruptive innovation of the early 21st century. Every major motor manufacturer is interested in - and worried about - what these new vehicles might do to their industry and what seemed like science fiction only a few years ago is fast becoming a reality.
On July 30th, the UK government announced that driverless cars will be allowed to be tested on public roads from January 2015.
In this article, Rahul Gumber assesses what the future holds for the motor insurance industry.
• Why should insurers care?
• Legislation and regulation will be drafted this year.
• Liability will shift from the driver.
• Cyber crime and software malfunction risks.