Mid-America Catastrophe Services

Technology Is Outpacing Data Analytics, Self-Driving Car Regulation

 Tuesday, March 27, 2018

 Insurance Business

A fully autonomous vehicle could generate as much data as the equivalent of every movie ever made … on a daily basis.
“The amount of data being generated in these vehicles is just mind boggling,” said Tom Karol, general counsel — federal, The National Association of Mutual Insurance Companies (NAMIC). The challenge is for the insurance industry to obtain the few key needles of relevance in that significant haystack of information, and to translate that data into a common, understandable language. This is no easy task considering the countless variables in the autonomous vehicle industry.
TechnologyLegislation & Regulation