Quantifying the risk impact of AV software upgrades
See how a leading US motor insurer entered commercial fleet insurance with an AV product thanks to Simulytic.
Insurance client
US motor insurer
AV Application
Middle Mile logistics
Location
A mid-sized city, USA
The challenges
To enable a leading US motor insurer to enter the commercial fleet insurance space with a data-backed AV product.
To rapidly develop a new approach to dealing with AV driver software updates throughout a standard 12-month insurance policy period.
About the AV deployment
The AV carries food and non-food items across town through open traffic between logistics centres.
The AV was not permitted to make any left turns which doubled its distance between origin and destination compared to a direct route.
Simulytic’s impact
Developed a methodology for calculating the delta in risk exposure as an AV client makes significant updates in the AV software – without touching the AV client’s IP.
Defined new AV risk metrics to help the actuarial teams de-risk the synthetic AV driving data.
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