Swiss Re and Toyota Insurance Services to collaborate on autonomous vehicle risks

Toyota Insurance Services has joined Swiss Re’s advanced driving assistance systems risk score platform.

The ADAS risk score was launched by Swiss Re and BMW Group in 2019. It provides a
vehicle-specific insurance rating that primary insurers can use to calculate insurance premiums, taking safety-relevant driver assistance systems into account.

Through the partnership with Toyota Insurance Services, ADAS risk scores will be available for Toyota and Lexus vehicles.

Jason Richards, head of casualty underwriting reinsurance at Swiss Re, said: “We’re very pleased to announce the partnership with Toyota Insurance Services through which Swiss Re clients will be able to harness the predictive power of the ADAS risk score to all Toyota’s and Lexus’ passenger vehicles.”

Michael Kainzbauer, CEO of Toyota Insurance Services, said: “We have always aimed to use the data on repairs and, more recently, telematics driving data, to help improve the safety performance of Toyota and Lexus cars and its drivers. This partnership with Swiss Re takes that mission a step further, enabling our customers to benefit from optimised insurance premiums that reflect the safety improvements it will deliver, as well as contribute to reducing the overall cost of ownership for Toyota and Lexus customers.”

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