Solutions for Autonomous Technologies
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 More
In 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.
In January 2016, we announced an agreement to work together with Oxbotica, a recognized autonomous vehicle software company, to support the adoption of mobile robotic solutions and explore their impact on risk management and insurance. Since then, we’ve learned a lot and are leveraging the insights we gained collaborating on the DRIVEN project in the UK and working with clients who are pioneering the use of advanced technologies such as robotics and autonomous machines.
We also created an Autonomy Center of Excellence made up of multi-disciplinary experts across our organization. The result? An insurance solution that supports the design, development and implementation of autonomous technology for all sectors of industry. From trial phase to commercial implementation.
Product/Coverage – a structured solution across multiple classes
For even the most complex risks on a global level we work in collaboration with clients to understand their needs and then craft a tailored, multi-line coverage for the risks associated with designing, developing, testing and implementing autonomous systems.
- Core Policy framework: Third Party Liability (Non-Vehicle), Damage to Property Insured and Vehicle Theft, Third Party Liability (Vehicle);
- Modular coverage options: Liability for Damage in the Insured's Care, Custody or Control, Liability for Damage to Trial Suite, Cyber Attack Liability for Damage / Bodily Injury, AV Trial Interruption, Data Restoration Expenses;
- Bolt-on coverage options: Statutory Motor Liability Cover, Cyber Extension, Crisis Management/Response Service, Loss of Turnover Extension.
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.
- Manufacturers, owners and operators of autonomous vehicles
- Component manufacturers
- Software developers