Marsh Launches New Insurance Facilities to Help Protect Clients Operating in the Sharing Economy and Autonomous Mobility Industry
New York, NY | December 13, 2018
Marsh, a global leader in insurance broking and innovative risk management solutions, announced today the launch of two new insurance facilities to address the critical casualty risks faced by clients operating in the fast-evolving sharing economy and autonomous mobility industry.
Marsh’s Sharing Economy Insurance Facility offers up to $10 million in dedicated primary non-admitted auto liability and excess casualty coverage to US companies participating in the sharing economy for livery and delivery services.
Marsh’s Autonomous Mobility Insurance Facility offers first-dollar liability and physical damage primary auto liability coverage of up to $1 million and $4 million in exclusive excess capacity for companies testing autonomous vehicles in the US.
“The world is on the cusp of a seismic shift in both personal and commercial mobility,” said Dave Carlson, US Manufacturing & Automotive Industry Practice Leader, Marsh. “Consumers and companies are increasingly willing to rely on ride-sharing services rather than own vehicles, and the growth of these shared mobility platforms will accelerate the adoption rate of autonomous vehicles.”
“These new facilities respond to emerging risks where previously there were few insurance solutions,” said Jose Heftye, Managing Director, Global Affinity, Marsh. “Marsh’s goal is to offer clients greater confidence that coverage will respond when needed so that they can focus on doing business across these emerging technologies.”
For more information on Marsh’s Sharing Economy Insurance Facility and Autonomous Mobility Insurance Facility visit www.marsh.com.
Marsh is the world’s leading insurance broker and risk adviser. With over 35,000 colleagues operating in more than 130 countries, Marsh serves commercial and individual clients with data driven risk solutions and advisory services. Marsh is a business of Marsh & McLennan Companies (NYSE: MMC), the leading global professional services firm in the areas of risk, strategy and people. With annual revenue approaching US$17 billion and 76,000 colleagues worldwide, MMC helps clients navigate an increasingly dynamic and complex environment through four market-leading businesses: Marsh, Guy Carpenter, Mercer, and Oliver Wyman. Follow Marsh on Twitter @MarshGlobal; LinkedIn; Facebook; and YouTube, or subscribe to BRINK.