XL Catlin gained a huge amount of press last year (for obvious reasons), but it is exciting to see a firm with such scale supporting the development of technology.
IoT, disruptive distribution, telematics - all will have a huge impact on the insurance market. As important though, is the ongoing integration of robotics in to our day-to-day lives. XL Catlin's partnership with Oxbotics is a good indication of the sector paying attention to this, and the risk management expertise they can offer should allow them to integrate that much more quickly.
Professor Paul Newman, founder of Oxbotica said: “We are delighted to be working with XL Catlin, who share our passion for the future of autonomous robotics and the positive impact this will bring to numerous areas of our lives. Oxbotica is now bringing to market a world leading range of mobile robotic solutions, culminating in our own fully integrated autonomous control system which we are presently implementing in the UK Government’s Driverless Car trials in Milton Keynes (UK Autodrive)”. “Working with XL Catlin will help Oxbotica understand in detail the risk management conditions around the adoption of autonomy, enabling us to reflect this learning in our solutions and in our customer interactions.”