In-car safety software may offer TCO advantage

September 08, 2016

Volvo has moved to develop a new generation of automatic vehicle safety software, as insurers offer discounts of up to 25% for cars sporting the latest risk reduction technology.

Volvo Cars and Autoliv, a global leader in automotive safety systems, are to set up a joint venture to develop the next generation of autonomous driving software.

The as yet unnamed company will develop systems for Volvo, but also offer them to the wider automotive market. Volvo aims to eliminate fatalities and serious injuries for drivers of new Volvos by 2020. 

The joint venture will develop advanced driver-assistance and autonomous-driving systems, with the first products expected to be released in 2019.

Allianz France recently revealed it is offering an insurance discount of 25% for semi-autonomous vehicles. The special rate applies to vehicles with autonomous emergency braking (AEB), valet parking and adaptive cruise control with automatic braking. 

Technology such as AEB has been shown to reduce rear-end crashes by nearly 40% and also minimise the severity of crashes when they do occur, reducing repair costs by hundreds of euros. Volvo is one of a number of manufacturers to invest in autonomous technology, including Ford which has invested in a self-driving start-up called Civil Maps, which develops computer maps for autonomous cars to follow in the real world.

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March 31, 2017

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