AND-E fulfils ‘Every Journey Protected’ mission by underwriting Oxa-driven fully autonomous vehicle

London, March 2024 – Underlining its mission of ‘Every Journey Protected’ – when people move, their journeys should be safe and hassle-free – Aioi Nissay Dowa Europe (AND-E), took a significant step in April 2022, underwriting the first safe and sustainable deployment of a zero-occupancy, fully autonomous, new-type electric vehicle on publicly accessible roads in Europe. The all-electric AppliedEV vehicle, driven by Oxa, is operating in Oxford with no on-board driver, marking the next step in commercialising AV technology.

This was a significant milestone for the insurance market, underpinning the development of insurance solutions for autonomous vehicles as part of the UK’s evolving mobility network. The insurance programme, arranged by broker Marsh and created by Apollo Group’s ibott initiative through its MGA in partnership in the UK with AND-E was the first of its kind in the UK and was tailored specifically for the risks associated with L4 autonomy on open roads.

AND-E has readied itself for the fast pace of change in the motor insurance marketplace through a combination of acquisition, collaboration and in-house development. This includes the partnership and investment with Oxa, the autonomous software provider, and the creation of the Aioi R&D Lab – Oxford in collaboration with machine learning experts, Mind Foundry.

Now, as the mobility marketplace shifts, with advances in new drivetrains and autonomous solutions becoming a reality, the role of adaptable and innovative protection solutions becomes ever-more critical.

AND-E is dedicated to simplifying the insurance experience, offering straightforward policies, easy claims processes and user-friendly tools to help customers navigate insurance with ease. It is also embracing technology to make tomorrow’s journeys smarter. Telematics, data analytics and innovative solutions are harnessed to promote safe driving habits, offer personalised coverage, and enhance the overall driving experience. The aim is to make insurance not just a necessity, but a valuable and intelligent companion on every life’s journey.