The autonomous car 2015: Risks and opportunities for the re/insurance industry

24 Sep 2015

Organised by Swiss Re Centre for Global Dialogue
Location: Armonk, NY, United States

About the Event

The momentum around self-driving vehicles is astonishing. Rarely does a day go by without another announcement about a new technological breakthrough or a new joint venture. Traditional automotive manufacturers are teaming up with high tech companies; innovative start-ups are seeking and finding investors. The landscape is shifting before our eyes.

Self-driving cars are the disruptive technology of our generation and as such it is fraught with risks. Our one-day conference explored the following questions:

  • Which driver-assist technologies are just around the corner?
  • How will regulators react to these new technologies?
  • To what extent will advanced driver assistance systems (ADAS) and the developments towards autonomous driving impact the insurance business?

This event provided a unique platform for open discussion, bringing together a comprehensive spectrum of perspectives and expertise on advanced driver assistance systems (ADAS) and autonomous driving, and their potential impact on the re/insurance industry.

Jayne Plunkett
Division Head Casualty Underwriting Reinsurance
Member of Reinsurance Executive Committee
Swiss Re

Eric Smith
CEO Reinsurance Americas
Member of Group Executive Committee
Swiss Re

Presentations

Thursday, 24 September 2015

08:30

Welcome coffee

09:15

Welcome and introduction
Jayne Plunkett, Division Head Casualty Underwriting Reinsurance, Member of Reinsurance Executive Committee, Swiss Re

THEME

TECHNOLOGY: DEFINING THE ROADMAP TOWARDS AUTONOMOUS DRIVING

09:30

How the autonomous car will change the world and upend auto insurance
Brad Templeton, Networks & Computing Chair, Singularity University
 

10:30

Coffee break

11:00

Opportunities and challenges on the route to autonomous driving
Axel Gern, Head Autonomous Driving U.S., Mercedes-Benz Research & Development North America, Inc.

11:30

Automated driving: A Tier 1 perspective
David Agnew, Head Regional R&D Strategy & Intelligence, Continental Automotive

THEME

REGULATORY: UNDERSTANDING HOW THE LAW WILL AND SHOULD APPLY TO AUTONOMOUS CARS

12:00

The legal aspects of autonomous driving
Bryant Walker Smith, Assistant Professor, School of Law, University of South Carolina; Chair, Emerging Technology Law Committee, Transportation Research Board of the National Academies

12:40

Lunch

THEME

INSURANCE: CONSEQUENCES OF TECHNOLOGICAL AND REGULATORY DEVELOPMENTS FOR THE INSURANCE INDUSTRY

13:45

Win-win-win opportunities for insurance
Alain L. Kornhauser, Professor of Operations Research & Financial Engineering; Director, Transportation Program, Princeton University

14:15

Autonomous cars, car sharing and electric vehicles: A connected ecosystem that could propel adoption
Anand Rao, Partner, Insurance Advisory Services, PricewaterhouseCoopers

14:40

Re/insurance risk landscape: The Swiss Re perspective
Sebastiaan Bongers, Manager Automotive Strategy, Swiss Re

15:00

Coffee break

15:30

Autonomy in mobility: How innovators will define the future for an industry
Guy Fraker, CEO, get2know; Chief Learning Officer, AutonomouStuff

16:00

What's next? A vision for 2020 and beyond
Panel discussion
Moderated by Nancy Bewlay, Head Underwriting Casualty, US & Canada, Swiss Re

Ramiro Almeida, Visiting Scholar, MIT Media Lab
Richard Bishop, Vehicle Automation Expert, Bishop Consulting
Chris Carpenter, Senior Claims Expert Legal, Swiss Re
Jane Lappin, Chair, National Academies Transportation Research Board Committee on Intelligent Transportation Systems

17:00

Closing remarks
Jayne Plunkett, Division Head Casualty Underwriting Reinsurance, Member of Reinsurance Executive Committee, Swiss Re

17:15

Networking reception and vehicle demonstration

18:15

Barbecue

20:00

End of event

Speakers

Gallery

Photos by Enrique Cubillo

Summary

The autonomous car 2015: Mapping the road ahead for the re/insurance industry

It is no longer a question of "if" or "when." Whether we are fully prepared for them or not, autonomous cars are here.

Almost all major carmakers are currently road testing first-generation prototypes, while Google already has semi- and fully autonomous cars on the roads in California.

As the first models begin to appear on major roadways by 2017, it will present many new challenges to the way we do business and the way we view and manage risk, retail insurance and liability. At the same time, it will also present new opportunities for those re/insurers who can adapt their business models to diversify their offerings and attract new market niches.

A range of experts, including car manufacturers, technology, safety and legal specialists all weighed in on these challenges and opportunities at Swiss Re's The autonomous car 2015: Risks and opportunities for the re/insurance industry held in Armonk, NY on 24 September 2015.

To read the entire summary, click here.

Videos

Digital publication

The Autonomous car

Digital conference report on the "The autonomous car 2015: Risks and opportunities for the re/insurance industry" event is available in iTunes Store and Google Play.

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