Videos
AI, Insurance, and the Future of Autonomous Mobility with Precision Autonomy
Insights
- Insurance is evolving into a real-time regulatory and trust layer for autonomous systems and physical AI.
- AI-first insurance platforms must continuously adapt underwriting and claims decisions to changing operational and regulatory conditions.
- The growth of drones, autonomous mobility, and robotics is creating new models of shared liability across increasingly complex ecosystems.
How do you safely scale autonomous technologies in the real world?
Mark Halverson, Founder & CEO of Precision Autonomy and Atul Chaturvedi, AVP & Insurance Portfolio Head at Infosys, explore how AI is transforming insurance for autonomous vehicles, drones, and emerging physical AI systems. The conversation highlights how insurance is becoming a critical enabler of innovation by helping industries manage shifting risk from humans to machines. They discuss the growing importance of AI-driven underwriting, ecosystem-based liability attribution, and real-time decision-making across complex regulatory environments. The discussion also examines how partnerships, scalable infrastructure, and AI co-development are helping smaller insure-tech firms expand globally while supporting the next generation of autonomous mobility and robotics.
Mark Halverson:
My name is Mark Halverson. I'm the CEO of Precision Autonomy. We're an insure-tech firm that focuses on autonomous devices and making them safe.
Our mission is to accelerate the safe adoption of autonomous services. With drones and now with more aviation capability, we're seeing more and more opportunity for these devices to operate themselves. So fundamentally, we see risk in society shifting from humans to machines. Insurance has often been a proxy for regulation over the course of time. So it was, one might say, that the horseless carriage would never be where it is today without insurance being, being a factor. Precision autonomy is an insurer tech platform that actually sits between, brokers and insurers, and it really tries to solve the problem of, high frequency, lower premium products.
Atul Chaturvedi:
An AI-first and particularly for autonomous vehicles. Well the need is first an ability to make, swift decisions across multiple parties. Now that means both in terms of underwriting and also in terms of interacting with the claim comes, they should be able to react to the changing regulatory landscape.
Mark Halverson:
Precision autonomy is looking to scale aggressively, as we said, the you know, the focus on drones is one example that is, you know, clearly going to be, you know, taking off literally and figuratively. We see our expansion geographically and across products is very important to us. We have a massive, awesome demonstration of our success in that regard, both on the underwriting side as well as distribution.
So we're seeing the, the opportunities to grow, very dramatically. You know, partner like Infosys really helps position us to, to expand both across other new products, across geographies. The infrastructure that it provides is really an enabler for us to get to these new markets much more rapidly than we could on our own. Much of what we're looking for in a partner like Infosys is that there is a massive investment being made in AI capabilities, with Infosys. We're hoping to tap into that both for accelerating our AI co-development, accelerating our AI testing capability, and frankly, continuing to shore up our, our global expansion and infrastructure. So that's, you know, that's a lot of what we're hoping to get is to really tap into, you know, the insight and innovation that's being, addressed with Infosys and the massive investments that we're making to, you know, allow a small organization like ourselves to continue to grow at pace.
Atul Chaturvedi:
Autonomous vehicle insurance is changing, it is moving to also specialty insurance. And why? Because the insurance would be based on the context, on a lot of ecosystem and third-party interactions and, and who plays what role. So this is like a attribution of liability across a third party.
Mark Halverson:
And insurance is often been viewed as a bit of an arcane industry. However, without it, we never see advancements of new technology. So, we're very excited to see where this is taking us. You know, it does. Insurance is a proxy for regulation. We are seeing emerging risks on all fronts, of course. Of course, with drones, advanced air mobility and such. This is a very unique time in our society and in humanity because the, the acceleration of new technologies and emerging risks is such that, you know, without some controls around it. We wouldn't see drones, we won't see advanced air mobility. We won't see, you know, humanoid robotics in people's homes without this type of capability. So we think we're in a very unique position. And, you know, with the massive investments in AI and what's now bringing, bring into the fold with physical AI, all of these things are truly going to change what it's like to be a human.
