Marsh Risk, part of Marsh, and Apollo, a Skyward Group company, have launched an insurance facility for Uber Technologies to support autonomous vehicle rollouts.
The arrangement, called the autonomous vehicle insurance programme (AVIP), sits within Uber’s recently announced Uber Autonomous Solutions programme, which supports developers, fleet operators, manufacturers, owners and original equipment manufacturers globally.
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The companies said the programme is intended to help partners commercialise and expand autonomous ride-hailing and delivery services across international markets through Uber’s platform and related operations.
AVIP is underwritten by Apollo’s ibott division, giving Uber dedicated capacity to provide autonomous vehicle partners with primary and excess liability cover at rates linked to safety performance.
Marsh Risk autonomous, mobility and platform risk practice leader Melissa Daly said: “Marsh is committed to enabling the growth of the autonomous vehicle sector through tailored risk and insurance solutions.
“Our work with ibott and Uber represents a meaningful step forward in delivering a scalable, cost-effective framework for AV [autonomous vehicle] risk management and accelerating the responsible deployment of autonomous technology.”
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By GlobalDataMarsh Risk and Apollo said the facility brings coverage for key participants together under a single master policy, aiming to simplify insurance structures and align protection across Uber’s autonomous vehicle ecosystem.
Apollo ibott commercial president Chris Moore added: “Our collaboration with Marsh and Uber to develop this proprietary programme reflects a new underwriting mindset.
“By consolidating coverage and aligning interests across the value chain, this solution reduces uncertainty and provides the protection required for large-scale deployment.”
In a separate update, Marsh has appointed Nick Studer as president and CEO of Marsh Risk, replacing Martin South, who will become Marsh’s chief client officer in an enterprise-wide role.
The leadership changes are scheduled to take effect on 1 April, with South set to work with leaders across Marsh’s various businesses as the transition is implemented.
