Autonomous car insurance drives new opportunities

Startups with new business models are emerging in anticipation of the challenge. Koop Technologies, which is based in Pittsburgh, Pennsylvania, is developing what it calls an “API-powered” insurance platform for autonomous vehicles, robotics, and “machine-centric” risks. Koop collects data from autonomous vehicle and robotics companies and uses it for insurance underwriting, cost of risk, and claims handling, enabling developers, operators, and insurers to make potentially more informed risk transfer and pricing decisions.

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Read the full article here: https://venturebeat.com/business/autonomous-car-insurance-drives-new-opportunities/