Waymo and Swiss Re announce research collaboration on AV risks

Waymo and Swiss Re have announced a research collaboration aimed at developing new risk assessment methodologies around autonomous vehicles.

The collaboration between Swiss Re and Waymo will unlock a unique cooperation aimed at studying these vehicles and understanding their behaviors while translating those into risk and engineering inputs.

“As autonomous driving technology companies like Waymo progress in their mission to make roadways safer, we expect there to be fewer claims’ data to feed existing insurance underwriting and actuarial models. This calls for an evolution of the traditional methods and the use of new data sources in innovative ways. Both Waymo and Swiss Re are leaders in their fields and well positioned to help solve these problems for our respective industries.” – Tilia Gode, head of Risk & Insurance at Waymo.

“Our vision is to make the world more resilient and help close the protection gap. By entering into a collaboration with Waymo, we continue our work on enabling insurance of autonomous vehicles and thereby contributing to creating safer roads. This is of great importance to the industry, which very soon needs to tackle a big paradigm shift in its largest risk pool of motor insurance.” – Pranav Pasricha, global head of P&C Solutions.