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Transportation is Advancing Rapidly, Will Commercial Insurance Keep Up the Pace?

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Description

PLEASE NOTE: THE WEBINAR IS CURRENTLY FULL
REGISTRATION WILL CLOSE 10 AM ET THE DAY OF THE WEBINAR


Transportation is rapidly evolving as connected and automated vehicle (CAV) technology becomes more commonplace. Dozens of cities have already piloted driverless shuttles and ridesharing companies have begun carrying some passengers in automated vehicles. Goods are also being carried by CAVs with autonomous trucks successfully navigating cross-country routes, while groceries and packages are being carried the last mile by unmanned vehicles. At this point, most of the focus has been placed on how insurance will adapt to CAVs for personal use, but there is a looming impact on commercial lines that needs to be considered.

We will discuss the state of this technology, specifically taking a deeper dive into connected vehicles, autonomous trucks, and driverless shuttles. This will provide the background needed to explore how CAVs may reshape commercial insurance, including auto, workers’ compensation, general liability, cyber, and inland marine. Actuaries need to gain an understanding of this evolving technology in order to begin quantifying the impact CAVs will have on company stakeholders and to create effective strategies to account for this new risk in the near future.

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PLEASE NOTE: REGISTRATION WILL CLOSE 10 AM ET THE DAY OF THE WEBINAR

Registration Fees (in U.S. Dollars) Received on/by
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Contributors

  • Jonathan Riehl

    Jon is a Transportation Systems Engineer in the Traffic Operations and Safety Lab at the University of Wisconsin-Madison and helps manage the Wisconsin Automated Vehicle Proving Grounds including the Park Street Connected Corridor and the automated shuttle program. His work responsibilities include research in Transportation Systems Management and Operations (TSM&O), connected and automated vehicles, and geographic information systems (GIS), and teaching. Jon holds a PhD in Civil Engineering from Michigan Tech and has master’s degrees in electrical engineering, geography, and business. He has spoken on connected and automated vehicles at over 30 regional and national conferences and meetings, including the CAS Casualty Loss Reserve Seminar.

  • Drew Groth

    Drew is an Associate Actuary in the Milliman Milwaukee office with expertise in predictive modeling, ratemaking, and loss reserving for varying lines of business, including workers' compensation, personal lines, and commercial auto. He has experience working with self-insured corporations, all sizes of insurance providers, and start-up companies where out of the box thinking is required to craft customized solutions. Through his diverse experience at Milliman, he has developed a passion for autonomous vehicle technology with respect to risk management and insurance, especially as it concerns commercial uses. Drew has presented about how autonomous vehicles will impact commercial lines at numerous CAS events, including the Annual meeting, Spring meeting, CLRS, and regional affiliates. He was also published in Carrier Management, authoring an article titled “Autonomous Trucking Technology Is Here – Are Commercial Insurers Ready?”.

  • Handouts

    12-17-20 CAS Webinar - Transportation is Advancing Rapidly Will Commercial Insurance Keep Up the Pace - Groth Riehl.pdf

December 17, 2020
Thu 12:00 PM EST

Duration 1H 30M

This live web event has ended.

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