Insurance Coverage for Self-Driving Cars in Japan
Posted on Nov 16, 2016 in Insurance Developments and Trends, Technology Impacting Auto Insurance | Comments Off on Insurance Coverage for Self-Driving Cars in Japan
A Japanese insurance company will begin offering coverage for accidents involving self-driving vehicles next year. Tokio Marine & Nichido Fire Insurance will provide coverage for vehicles that have automated systems controlling acceleration, steering, or braking, as well as for vehicles that are autonomous enough to require driver input only in emergencies. (The coverage will not...
JAPAN INVESTS IN AUTONOMOUS CARS TO AID AGING POPULATION
Posted on Jan 22, 2016 in Technology Impacting Auto Insurance | Comments Off on JAPAN INVESTS IN AUTONOMOUS CARS TO AID AGING POPULATION
Japan has announced heavy investment in autonomous cars in recent years as a means to address concerns presented by its aging population. The Japanese government has allocated 2 billion yen ($16.3 million) a year to develop maps and other technologies in a push to roll out fully automated driving by 2020, when Tokyo hosts the Olympics. Japan’s investment in autonomous vehicles is in...
Toyota to Invest Heavily in Technology Research Institute
Posted on Nov 6, 2015 in Technology Impacting Auto Insurance | Comments Off on Toyota to Invest Heavily in Technology Research Institute
Automaker Toyota Motor Corp. is trying to gain an edge over its Japanese competitors in the autonomous vehicle field by spending $1 billion to create a research institute devoted to artificial intelligence and robotics. The Toyota Research Institute will begin operating in January 2016, and will eventually boast locations near Stanford University and M.I.T. To view the full article,...
Japan Eyeing 2020 to Demonstrate Autonomous Tech Prowess
Posted on Nov 2, 2015 in Technology Impacting Auto Insurance | Comments Off on Japan Eyeing 2020 to Demonstrate Autonomous Tech Prowess
Japanese automakers Honda, Toyota, and Nissan demonstrated their autonomous technology at the recent Tokyo Motor Show. Japanese automakers reportedly want to showcase their autonomous technology on a world stage–namely, the 2020 Summer Olympics in Tokyo. To view the full article,...
