The Swiss Re Group has signed a partnership agreement with Chinese technology giant Baidu. The collaboration focuses on the development of insurance products adapted to autonomous vehicles [4] and the needs of technology companies.
To bring the partnership to life, Swiss Re [5] is launching a first insurance product for Baidu's "Apollo Valet Parking (AVP)" automated valet parking. The solution covers the entire autonomous driving value chain: from risk factor selection and product pricing to claims management.
More innovative insurance solutions for autonomous driving will be developed by the two partners in the near future.