Market Chatter: Itochu, Aioi Nissay Dowa Partner on Autonomous Taxi Insurance

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Market Chatter: Itochu, Aioi Nissay Dowa Partner on Autonomous Taxi Insurance

MT Newswires Live09-28 09:35

Itochu (TYO:8001) and MS&AD Insurance (TYO:8725) subsidiary Aioi Nissay Dowa Insurance plan to jointly create insurance products for self-driving taxis, with U.S. sales targeted as early as fiscal 2027, Nikkei Asia reported on Sunday.

The products will cover damages from accidents involving autonomous vehicles, according to the report.

The development comes a year after Itochu invested an undisclosed sum in Aioi Nissay Dowa unit MOTER Technologies, a California-based company developing insurance software.

Itochu and Aioi Nissay Dowa did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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