October 1, 2021

Locomation400x275Locomation, a Pittsburgh-based provider of autonomous truck technology, has announced a collaboration with Aon plc to develop a risk management plan as Locomation plans commercial deployment of its autonomous freight transport and backend platform. Aon, a professional services firm that provides a range of risk, retirement, and health solutions, will work with Locomation and insurance carriers to assess the autonomous technology risks and align them with insurance industry best practices.

“We are confident that Aon’s experience will enhance Locomation’s corporate development and strategic plan and will also highlight the benefits of our approach to the insurance community, trucking companies, shippers, and truck drivers themselves,” said Cetin Mericli, CEO and co-founder of Locomation.

The collaboration will also aim to support one of Locomation’s long-term goals of reducing customers’ operating costs through lower insurance rates for carriers, shippers, truck manufacturers, and others using the company’s autonomous truck technology.

Why this matters

Companies developing autonomous vehicle technology will need to work with insurance carriers to assess the proper risks associated with the technology in order to advance the market.

“We’re pleased to work with Locomation to learn how this technology functions in the real world and what it means for safety and insurance coverage,” said Michael Stankard, managing director of Aon’s automotive practice. “Autonomy is going to be part of the future of the trucking industry, and human-guided convoys have the potential to reduce risk and open new opportunities for the entire industry.”

Locomotion, founded in 2018 by veterans of Carnegie Mellon’s National Robotics Engineering Center, is developing a portfolio of autonomous vehicle products and a suite of proprietary tools, methods and processes that enable clients to implement an operating model designed specifically for autonomous vehicles. More details on the company are available at the Locomation website.