Today, mobile autonomy applications encompass semi-autonomous to fully self-driving cars, taxis, buses and trucks operating on public roads; shuttle vans moving people in closed environments such as airports and campus settings; automated forklifts ferrying goods around distribution centers and manufacturing operations; mini pods delivering groceries within defined territories; and the list goes on.
It’s also widely accepted that these different forms of mobile autonomy will revolutionize economies and societies across the globe and create exciting opportunities for well-established, global companies as well as new entrants looking to capitalize on the latest innovations and technologies.
While the potential positive impact of autonomy is immense, the varied applications also bring with it a new set of risks that the insurance industry has a duty to understand and, more importantly, to help mitigate.
Risk consultants providing comprehensive risk management solutions based on an understanding of client business priorities and goals.
Learn MoreIn close collaboration with the client, we leverage our global suite of insurance products to craft a modular coverage framework that best matches its specific business needs. A core element of the offering is a holistic risk assessment we conduct in close partnership with the client. The proposition applies a modular approach to risk transfer; clients can structure various insurance coverages depending on their needs and circumstances.
While the safety and efficiency benefits of mobile autonomy are likely to be significant, the risk management issues and implications for companies in this ecosystem, including vehicle manufacturers, fleet owners/operators, component manufacturers and software developers, are still coming into focus. This is where our multi-disciplinary team of experts comes in.
Our underwriting capabilities, knowledge and tailored insurance approach are a perfect match to serve the evolving requirements resulting from emerging technologies, such as autonomy. Our experts act as the central UW Centre of Excellence, to serve clients in this specific segment on a global level across multiple lines of business.
If you’re already using autonomous technology or just starting to think about the benefits autonomy can bring, when it comes to risk, we'll most likely have the answers you're looking for.
Geographical coverage is for informational purposes only. Product and service offers can vary based on location, industry, risk profile and unique business needs.
The information contained herein is intended for informational purposes only. It’s is neither an offer to sell nor a solicitation to purchase any particular insurance product. Insurance coverage in any particular case will depend upon the type of policy in effect, the terms, conditions and exclusions in any such policy, and the facts of each unique situation. No representation is made that any specific insurance coverage would apply in the circumstances outlined herein. Please refer to the individual policy wordings for specific coverage details. AXA XL is a division of AXA Group providing products and services through four business groups: AXA XL Insurance, AXA XL Reinsurance, AXA XL Art & Lifestyle and AXA XL Risk Consulting. Not all of the insurers do business in all jurisdictions nor is coverage available in all jurisdictions.
US- and Canada-Issued Insurance Policies. In the US, the AXA XL insurance companies are: AXA Insurance Company, Catlin Insurance Company, Inc., Greenwich Insurance Company, Indian Harbor Insurance Company, XL Insurance America, Inc., XL Specialty Insurance Company and T.H.E. Insurance Company. In Canada, coverages are underwritten by XL Specialty Insurance Company - Canadian Branch and AXA Insurance Company - Canadian branch. Coverages may also be underwritten by Lloyd’s Syndicate #2003. Coverages underwritten by Lloyd’s Syndicate #2003 are placed on behalf of the member of Syndicate #2003 by Catlin Canada Inc. Lloyd’s ratings are independent of AXA Group.
