The automotive industry is going through a major transformation, with manufacturers focusing on the electrification of vehicles and autonomy. And while these major automotive advances will bring a range of opportunities, they will also create new risks for manufacturers, software developers, and insurers. Overcoming these challenges will require collaboration between vehicle manufacturers, government authorities, urban planners, and the insurance market.
In this episode of Risk in Context, Trevor Smith, Casualty Leader for Marsh's Sharing Economy and Mobility Group, talks to David Carlson, Marsh's US Manufacturing and Automotive Practice Leader, Didem Canturk, Affinity Placement Leader for Europe, and Andrew Duhancioglu, Principal within Oliver Wyman Actuarial Consulting. They discuss the evolution taking place within the advanced automotive sector, the opportunities that this brings, and share advice on how to identify, quantify, and mitigate the risks.