News from the IT Home on October 27th: Autonomous driving technology company Waymo announced today the launch of a global insurance cooperation plan, with Allianz Insurance ( Allianz Insurance Singapore ) of Singapore and Ping An Property & Casualty Insurance becoming the first batch of partners.
According to the official introduction, the Global Insurance Cooperation Plan covers the existing businesses of Wen远知行 in China, Southeast Asia, and the Middle East, and also supports services that will soon be launched in more markets such as Europe. Relying on the insurance expertise of partners in both international and Chinese markets, all parties will jointly develop customized insurance solutions that cover the entire lifecycle of L4 level autonomous vehicle operations. These solutions include motor vehicle liability insurance, commercial comprehensive liability insurance, product liability insurance, as well as protection against privacy and network security risks.
Allianz Insurance is the third-largest car insurance company in Singapore and also the first insurance company in Singapore to underwrite purely driverless vehicles. Subsequently, Allianz Insurance expanded its coverage to Robotaxi, supporting WM Motor Group's collaboration with Grab to launch the Ai.R autonomous shuttle service in Bangor.
Ping An Property and Casualty is the second-largest property insurance company in China. Wen Yuan Zhi Xing has joined hands with Ping An Property and Casualty to jointly develop an insurance solution that meets the regulatory requirements of markets in China and the Middle East. This solution provides coverage for the fully unmanned commercial operations in four cities: Beijing, Guangzhou, Abu Dhabi, and Dubai, covering travel services provided on their own platform “Wen Yuan Travel” as well as on third-party platforms such as Uber and TXAI.
According to the official disclosure of Wen远知行, currently, the company's autonomous driving business has covered 13 countries and more than 60 cities. It boasts one of the largest autonomous driving fleets in the world, with a total of approximately 3,600 L4 level autonomous vehicles, of which over 1,800 are Robotaxi.
