January 26,2022
Tokio Marine Holdings, Inc.
Capital and Enterprise Alliance Settlement with Could Mobility, Inc.
Aiming to Promote Protected and Safe Autonomous Driving
Tokio Marine Holdings, Inc. (President and Group CEO: Satoru Komiya, hereinafter
“TMHD”) and Could Mobility, Inc. (CEO: Edwin Olson, hereinafter “Could Mobility”) are happy to announce that each firms have entered right into a capital and enterprise alliance, aiming to collectively develop fleet operation administration providers and analysis into insurance coverage merchandise for autonomous driving, to raised serve our purchasers and society as an entire via the implementation of autonomous driving.
1. Background & Goals:
Autonomous driving is anticipated to be the core resolution to mobility issues reminiscent of accidents and is being developed towards sensible implementation all around the world. In Japan, the federal government launched “Public-Non-public ITS Initiative/Roadmap”, the place the opportunity of implementing unmanned autonomous driving mobility providers in restricted areas (i.e. areas with low/declining inhabitants density) at greater than 40 areas nationwide by round 2025 was laid out.
Tokio Marine Group has been offering insurance coverage and extremely specialised threat options to mitigate varied dangers surrounding our more and more advanced trendy societies.
Within the autonomous driving discipline, Tokio Marine & Nichido Fireplace Insurance coverage Firm has led the event of a security internet for the autonomous driving society in Japan by offering the industry-first insurance coverage merchandise, reminiscent of “Further Bills Endorsement for Saving Victims Attributable to Defect of Insured Automobile(April 2017) 1” and “Excluding Insurance coverage Declare Counts throughout Autonomous Driving on the Coverage Renewal(April 2021) 2“.
Could Mobility is creating and introducing autonomous driving applied sciences and automobiles each in Japan and america.
The corporate is prioritizing early commercialization to contribute to individuals and areas with an imminent want for autonomous driving and has already partially achieved that aim in restricted areas in america.
TMHD and Could Mobility have been collaborating by using our respective know-how and sources via taking part in a PoC experiment of autonomous driving began in Higashi-Hiroshima Metropolis, Japan in March 20213.
To be able to additional promote efforts within the autonomous driving discipline, TMHD has fashioned a capital and enterprise alliance with Could Mobility.
- Launched “further bills endorsement for saving victims attributable to defect of insured automobile”(Japanese Solely)
- Launched “Excluding Insurance coverage Calims Counts throughout Autonomous Driving on the Coverage Renewal”(Japanese Solely)
- New mobility service demonstration experiment（Higashi-HiroshimaMetropolis）(Japanese Solely)
２．Key Initiatives
TMHD and Could Mobility take part in autonomous driving initiatives in varied areas and areas in collaboration with each native governments and transportation operators.
Each firms collectively promote growth of fleet operation administration providers, claims processing providers, and threat consulting providers, and collectively analysis on and develop insurance coverage merchandise for autonomous driving, thus contributing to the social implementation of secure and safe autonomous driving.
（１）Improvement of Fleet Operation Administration Companies for Autonomous Driving Collectively develop fleet operation administration providers that swimsuit our purchasers’ and companion firms’ wants for autonomous automobiles. Together with distant monitoring and administration providers for autonomous driving automobiles and emergency response and on-site providers for pressing points, by combining Could Mobility’s fleet operation administration system with Tokio Marine Group’s accident response know-how, operations, and community.
（２）Improvement and Enhancement of Claims Processing Companies for Autonomous Driving
Develop and improve insurance coverage claims processing providers for autonomous automobiles by additional enhancing and digitalizing the verification technique of accident causes and negligence charges of concerned events, using information of Could Mobility’s autonomous driving system.
Additionally, intention to supply varied providers for incidents past site visitors accidents by using information of fleet operation administration providers.
（３）Improvement of Threat Consulting Companies for Autonomous Driving
Develop superior and high-grade digital threat consulting providers4, incorporating information of Could Mobility’s autonomous driving system into present threat prevention consulting providers.
（４）Analysis on Insurance coverage Merchandise for Autonomous Driving
Conduct analysis into insurance coverage merchandise across the dangers in autonomous driving and operation, based mostly on the wants recognized via joint initiatives with Could Mobility.
【About Could Mobility】
Deal with: 650 Avis Drive Suite 100 Ann Arbor, Michigan, 48108, United States
CEO: Edwin Olson
Date of basis: Could 2017
4 Companies for the secure driving and operation of autonomous driving automobiles, together with demonstration experiments planning, driving routes threat evaluation and countermeasure planning using accident information owned by Tokio Marine Group, and driver schooling for security.
