In this regard, GFIA - the Global Federation of Insurance Associations, analyzed the risk profile and safety of the automated vehicles such us e-scooters and their results show that regulations for the e-scooters are different in each country, as well as the insurance requirements. It depends from country to country how they accept or not the new technology and how they agreed on the regulatory approach to e-scooters.
The changes that the pandemic has brought for insurance industry such us motor insurance underwriting, pricing, sales, distribution and claims management are getting more and more challenging, but insurers are ready to face them.
According to the GFIA's report, there are four areas where the insurance associations are focusing on:
- Ensuring the highest safety standards are maintained for all vehicles and, as necessary, updating them to reflect the technology used to operate the vehicles.
- Determining cover for new risks, such as cyber incidents.
- Ensuring access to vehicle data for underwriting, rating, claims and fraud-fighting purposes, as well as for devising more innovative services around the vehicle. Third parties, including insurers, should be able to access vehicle data through an open platform that is not controlled through the proprietary model of a single stakeholder.
- Addressing liability considerations to ensure claims proceed smoothly. Insurance and liability laws should reflect local preferences in motor insurance coverage
The GFIA's disruptive technology working group established together with the cyber working group on some guidelines for the future mobility and motor insurance, information available here.