Next Big future article AIG, the U.S. insurance giant, will begin selling insurance on its self-driving car platform in 2018.
The company said it will use the vehicle’s technology to make insurance coverage available to people who have no prior collision coverage.”AIG’s vision for a fully self-insured network is the cornerstone of its insurance strategy, and we will bring this platform to life with AIG Insurance, a platform that brings the insurance industry into the 21st century,” AIG Chairman and CEO Michael Johnson said in a statement.
AIG is the largest auto insurance company in the United States.
“We will be rolling out the AIG insurance platform to consumers on the AEGIS platform in the U to ensure they have access to the insurance benefits they need for safe, responsible driving,” the company said.
The AIG vehicle’s sensors will work together with other AIG technology to detect and avoid other cars and other obstacles, Johnson said.
Johnson said that the insurance company’s AIG platform will be similar to what it does with other insurance companies.
“We’ve worked with insurance companies to help them build the industry-standard AIG network, and AIG will continue to build the network on top of the AUGS platform, the world’s leading vehicle-to-vehicle communications network,” he said.
“Our platform will allow customers to get coverage when they need it.”
AIG already offers self-insurance on the platform, but it will be a separate business from the insurance companies, so it will have no direct connection to AIG or the insurance system.
Johnson noted that self-protection is an important aspect of the insurance business.
“Insurance is an expensive business, and many insurance companies charge consumers too much for coverage.
That’s why AIG has partnered with the insurance giants to create the AAGIS platform,” he added.
The new insurance option will be available for the new 2018 AIG I-Pace, the company’s first production vehicle.
The insurance company said the AICAS system will work with existing insurance policies, and it will offer a separate self-reinforcing coverage that is a separate insurance policy from the auto insurance program.
The system will also allow insurance companies and the public to purchase the insurance separately.
The plan also includes an optional safety package that will include a “safety driver’s kit” that provides additional protection for drivers.
Johnson also said the insurance plan will be an “all-inclusive” package, meaning it will include coverage for the entire vehicle.
“The AIG AIGIS platform will offer insurance coverage for all vehicle components including, but not limited to, steering wheel, seats, passenger compartment, engine compartment, battery pack, roof rack, brakes, exhaust, door panels, windshield wipers, windshield, windows, trunk, doors, trunk liner, door handles, windshield mirrors, trunk doors, front seats, front seat belts, driver-side air bags, front and rear side curtain air bags and door locks,” Johnson said, adding that the system will have the ability to handle the largest load situations.
Johnson added that the AICS system will be able to handle even the largest of crashes, but that it will only work when the vehicle is at a “stable speed.”
The AICAs insurance coverage will include the vehicle insurance premium, a “deductible” for the loss of income and a “limited liability” policy.
Johnson’s statement also said that if the vehicle crashes in a “serious accident,” a deductible is charged, which will include both the insurance premium and the deductible.
“AIG will work closely with the car manufacturer to ensure the car is insured and insured correctly,” the statement read.
Aig is the second major auto insurer to sell self-initiated vehicle insurance, after General Motors.