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Evaluation

Line of Business

Level 1: No prior knowledge of the subject (0-3 Years)

C:PC:L3

CS-35 - Vehicle Fleet Changes: Loss and Safety Impacts

Monday, November 6, 2023
1:15 PM – 2:15 PM PST
Location: Palos Verdes (1st Floor)
The U.S. vehicle fleet has undergone radical transformations over the last 30 years. Vehicles are more crashworthy than ever and increasingly are equipped with technologies to prevent crashes. However, they are also more powerful, pricey, and complex to repair. Additionally, as consumer tastes have changed, the types of vehicles in the vehicle fleet have evolved, and alternatives to naturally aspirated gasoline engines like electric vehicles are also increasing in popularity. Learn about how these changes are associated with shifts in claim frequency, claim severity or both.

Learning Objectives:

  • Learn how the loss results for electric vehicles differ from vehicles with internal combustion engines.
  • Learn how the changing composition of the registered vehicle fleet impacts insurance.
  • Learn how many vehicles are predicted to be electric, hybrid, and have advanced driver assistance systems and partial automation in the next 5, 10, and 15 years.
  • Learn how the loss results for electric vehicles differ from vehicles with internal combustion engines.