China’s Auto Insurers Must Keep Pace With Driverless Tech, White Paper Says

As more advanced driver assistance systems hit the roads, new software and network security pose liability challenges, said Taiping Reinsurance and the China Asia Pacific Reinsurance Research Center

A robotaxi operated by Baidu in Beijing. The rapid rise of vehicles with advanced driver assistance systems is posing challenges to auto insurers. Photo: VCG

The rapid rise of autonomous vehicles is exposing a critical gap in China’s automotive insurance market, with providers needing to ramp up the design of new coverage strategies and liability frameworks to keep pace with technological advancements, according to a new white paper .

As more vehicles equipped with advanced driver assistance systems, including Level 3 and Level 4 driving capabilities, transition from testing to public roads, new risks related to software safety and reliability, as well as data and network security are emerging, according to the paper published by Taiping Reinsurance (China) Co. Ltd. and the China Asia Pacific Reinsurance Research Center.

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