Insurance Industry Preparing to Address Autonomous Boats

Insurance Industry Preparing to Address Autonomous Boats

Like autonomous cars, autonomous boats have "moved past the drawing board" and into the test phase, and insurers are struggling with risk assessment in terms of safety and reliability.

Property Casualty 360 is reporting that like autonomous cars, autonomous boats have “moved past the drawing board” and into the test phase.

One example cited was the U.S. Navy Office of Naval Research’s recent demonstration of autonomous unmanned boats guided by software, radar and other sensors with remote human supervision. Apparently, self-driving vessels have the potential to greatly cut costs for the global shipping industry by eliminating a crew and also much of the on-board infrastructure needed to support the crew, not to mention save on fuel costs.

And like autonomous cars, the insurance industry is struggling with risk assessment in terms of safety and reliability.

To read the full story, click here.

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The show was recognized for the second consecutive year as one of the fastest growing U.S. trade shows held in 2023.

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NORTHEAST, which typically draws thousands of industry professionals to the Meadowlands Exposition Center (MEC) in Secaucus, N.J., every March, was named to the magazine’s “Fastest 50” for 2023. In addition, Trade Show Executive magazine also recognized NORTHEAST’s continued growth in the areas of exhibit space and number of exhibiting companies via its "Next 50" lists for 2023. 

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