XL Catlin creates cover for autonomous technology
XL Catlin has created insurance solutions to support the adoption of autonomous technologies.
The Bermuda-based re/insurer has put together an insurance solution that supports the design, development, testing and implementation of autonomous technology.
The solution provides cover for all sectors of industry and can be specifically customised for an individual client’s needs using XL Catlin’s global suite of insurance coverages including, liability, error and omissions and, where appropriate, cyber and business interruption insurance.
“Autonomous technologies are changing the world around us, the way companies operate and the risks they face,” said XL Catlin CEO Mike McGavick. “We recognise the new and complex risks that are emerging and, as underwriters, we know we have the expertise to develop and deliver the right insurance solutions. We are dedicated to doing so because we also recognise the incredible, positive impact this technology will have on society as a whole from creating safer working environments to providing mobility for those most in need. Our message to the market is clear – we have significant risk appetite, we have the right people on board and we are all dedicated to becoming the go-to market for autonomous systems trials and pilots.”
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