Locomation Develops Autonomous Trucking Risk Management Plan

Autonomous truck technology company Locomation announced it will collaboration with risk solution firm Aon to develop a risk management plan as the company develops its autonomous freight transport technology and backend platform for commercial deployment to trucking companies and shippers.

Aon 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 Çetin Meriçli, CEO and co-founder of Locomation, in a press release.

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 Locomation’s autonomous truck technology.

“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 for 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.”