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Maritime regulatory reform is welcomed – but domestic progress must consider the global challenges for insurers
The UK Government’s consultation on maritime autonomy regulation closed this week. Kennedys submitted a response commending the recognition of the need to update the current regulatory framework, but urging caution in respect of potential additional risks to insurers arising from the government’s proposals.
Autonomous technology is being embraced by the maritime industry. It provides solutions to many difficulties facing the sector, including the demand for efficiency, sustainability and coping with a dwindling work force. However, its use also raises questions around liability and additional risks for the operators and their insurers.
The way in which people and goods travel is changing rapidly. As a new era of transport continues to unfold, Kennedys is here to keep you up to date on the latest developments and what they mean for you and your business.
Welcome to the latest edition of Logistics: Bite-Size Insights, where we consider the impact of the government’s Clean Air Zones on hauliers and if autonomous vehicles are the answer to the green haulage dilemma. We also provide a check list to avoid disputes over incorporation of terms.
We have advised that minimum safety standard for an autonomous vehicle (AV) should be above that of the “average” human driver as to do anything less than this is to risk public confidence in this emergent technology.
2021 promises to be a year dominated by evolution, transformation, and resilience. In this article we identify some of the key areas and issues that will have an impact upon the London marine market in 2021.
Despite the challenges that all global businesses have experienced in the last year, the drive to automation is continuing and in some instances - possibly as a result of the re-evaluation of business models promoted by the pandemic - is increasing in pace. The UK Government intends to take one of the leadings roles in this development, specifically within the maritime sector.
On the surface, the London Market enters 2021 looking very different to its 2020 version. Underwriting rooms lay empty, offices unoccupied, pubs eerily quiet. But beyond the physical stillness, this world leading hub has not paused for breath. Digital systems and solutions have taken centre stage as the London Market has responded to a seismic shift in working patterns and insurance risks.
In our 27th and final Motor Wednesday webinar of 2020, held in December, we reflected on some of the key impacts of COVID-19 on motor claims. As well as considering key impacts of the global pandemic, we discussed other important developments including those relating to Brexit, the Whiplash Reforms, MoJ Portal claims, alternative dispute resolution, fundamental dishonesty findings and tomorrow’s vehicles.
Kennedys is warning the Government that it has a number of obstacles to overcome if the UK is to realise its ambition to be at the forefront of emerging autonomous vehicle technology.