Marsh and Apollo launch insurance facility for Uber autonomous vehicles

Core Insights - Marsh Risk and Apollo have launched an insurance facility for Uber Technologies to support the rollout of autonomous vehicles, named the autonomous vehicle insurance programme (AVIP) [1][2] - The programme aims to help partners commercialize and expand autonomous ride-hailing and delivery services globally through Uber's platform [2] - AVIP is underwritten by Apollo's ibott division, providing Uber with dedicated capacity for primary and excess liability coverage linked to safety performance [2][3] Group 1 - The collaboration between Marsh, Apollo, and Uber represents a significant advancement in delivering scalable and cost-effective risk management solutions for the autonomous vehicle sector [3] - The insurance facility consolidates coverage for key participants under a single master policy, simplifying insurance structures and aligning protection across Uber's autonomous vehicle ecosystem [3][4] - The new underwriting approach aims to reduce uncertainty and provide necessary protection for large-scale deployment of autonomous vehicles [4] Group 2 - Marsh has appointed Nick Studer as president and CEO of Marsh Risk, effective April 1, replacing Martin South, who will transition to the role of chief client officer [4][5]