Swiss Re is a finalist in The Digital Insurer 2022 Insurer Innovation Awards.
Watch Ran Kan, Swiss Re Lead of China Casualty Underwriting Innovation, and Fellow of the Casualty Actuary Society (FCAS), talk about Swiss Re’s autonomous driving insurance solutions for Baidu, and review Swiss Re’s Insurer Innovation Awards submission deck below.
Ran Kan: “From underwriting, to policy management, to claim handling, there are so many challenges that are different from what we see with traditional risks. Autonomous driving is actually the combination of software and hardware, and there are actually no sophisticated ways to measure the algorithm risks, but as an insurer we still have to face the huge risk accumulations. Also there is no historical data to support any costing, and there is even no claims guidelines on the responsibility boundaries of the functions, and of each party in the deal.”
Review Swiss Re’s entry submission deck