Marsh Risk and Apollo have created a new insurance facility to support the rollout of Uber autonomous vehicles globally.

The bespoke Autonomous Vehicle Insurance Program, underwritten by Apollo’s Ibott division, provides Uber with dedicated capacity to provide AV partners with comprehensive primary and excess liability coverage at preferred rates, reflecting their unique safety performance. The solution wraps coverage for all key participants into a single master policy.

Chris Moore, president, Apollo Ibott Commercial, commented: “Autonomous vehicles demand a fundamentally different approach to risk and insurance. With more than 10 years of proven success in AV risk solutions, Ibott is a market leader in designing coverage tailored to this evolving ecosystem.

"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.”

Andy Parr, vice-president of insurance at Uber, added: “We understand the challenges and evolving landscape of the autonomous vehicle space, and we're excited to offer a comprehensive insurance solution that is exclusively available to our partners.

“Uber’s autonomous vehicle insurance policy is a critical part of a comprehensive suite of unique services and capabilities that is helping partners to build and successfully commercialise autonomous vehicles in multiple markets around the world.”

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