Munich Re Joins University of Michigan Connected and Autonomous Vehicles Program

The reinsurer sees “enormous potential benefits” of a connected transportation system, including reducing the human and other costs of motor vehicle accidents, providing greater fuel economies, and improving road efficiencies.

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Munich Reinsurance America, a Princeton, N.J.-based division of Munich Re, has joined the University of Michigan’s Mobility Transformation Center (MTC) Affiliates Program, which the reinsurer describes as part of a major research partnership of industry, government, and academia working to develop a foundation for a commercially viable system of connected and autonomous vehicles.

Tony Kuczinski, President & CEO, Munich Re America.

Tony Kuczinski, President & CEO, Munich Re America.

The MTC Affiliates program currently has 27 members from a broad range of sectors relevant to a connected transportation system including automotive manufacturing, vehicle communication devices, chips and hardware, and insurance, as well as companies engaged in such technologies as advanced modelling, big data acquisition, and intelligent transportation systems.

(Related: Intelligent Mobility’ to Shape Insurance’s Vehicular Future–Willis Report)

“We are excited to be a part of this initiative, as we believe there are enormous potential benefits for consumers and business from the autonomous and connected vehicle technologies that are being researched and tested through the MTC,” comments Tony Kuczinski, President and CEO of Munich Re America. “These vehicle technologies have the potential to save lives, reduce accidents, provide fuel economies, and improve road efficiencies.”

Transformative Vision

The MTC’s consortium approach to the problem of connected transportation is an effort to engage the range of cutting-edge technology suppliers, thought leaders, and entrepreneurs required to inform and drive progress toward that transformative vision, according to Dr. Peter Sweatman, Director, MTC. “Connected and automated vehicles hold the potential to dramatically improve the safety, sustainability, and accessibility of our mobility system,” he comments.

Munich Re’s Kuczinski adds, “Munich Re America is partnering with our clients, industry, government agencies, and research organizations like the University of Michigan, not just to understand and manage this technology, but to find and embrace the societal and business opportunities that certainly will arise with it.”

 

 

 

Anthony R. O’Donnell // Anthony O'Donnell is Executive Editor of Insurance Innovation Reporter. For nearly two decades, he has been an observer and commentator on the use of information technology in the insurance industry, following industry trends and writing about the use of IT across all sectors of the insurance industry. He can be reached at [email protected] or (503) 936-2803.

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