Insurance for autonomous underwater vehicles
Insurance for autonomous underwater vehicles
The background and practice of insurance for autonomous underwater vehicles (AUVs) are examined. Key topics include: relationships between clients, brokers and underwriters; contract wording to provide appropriate coverage; and actions to take when an incident occurs. Factors that affect cost of insurance are discussed, including level of autonomy, team experience and operating environment. Four case studies from industry and academia illustrate how AUV insurance has worked in practice. The paper concludes by stressing the importance of effective dialogue between client, broker and underwriter to review, assess and reduce risk to the benefit of all parties.
autonomous underwater vehicles, risk, insurance
43-48
Griffiths, G.
2887c3c7-95f2-4834-b3f6-0284344d3580
Bose, N.
4c8984f6-8adc-41a4-bbc2-59a795593e08
Ferguson, J.
34464d8d-6953-405a-bcb0-6e3ab19ef153
Blidberg, D.R.
36cbd22a-524d-4660-a202-5fa025c6f41a
2007
Griffiths, G.
2887c3c7-95f2-4834-b3f6-0284344d3580
Bose, N.
4c8984f6-8adc-41a4-bbc2-59a795593e08
Ferguson, J.
34464d8d-6953-405a-bcb0-6e3ab19ef153
Blidberg, D.R.
36cbd22a-524d-4660-a202-5fa025c6f41a
Griffiths, G., Bose, N., Ferguson, J. and Blidberg, D.R.
(2007)
Insurance for autonomous underwater vehicles.
Underwater Technology, 27 (2), .
Abstract
The background and practice of insurance for autonomous underwater vehicles (AUVs) are examined. Key topics include: relationships between clients, brokers and underwriters; contract wording to provide appropriate coverage; and actions to take when an incident occurs. Factors that affect cost of insurance are discussed, including level of autonomy, team experience and operating environment. Four case studies from industry and academia illustrate how AUV insurance has worked in practice. The paper concludes by stressing the importance of effective dialogue between client, broker and underwriter to review, assess and reduce risk to the benefit of all parties.
Text
GG_Insurance_UT27-2.pdf
- Accepted Manuscript
More information
Published date: 2007
Keywords:
autonomous underwater vehicles, risk, insurance
Identifiers
Local EPrints ID: 46325
URI: http://eprints.soton.ac.uk/id/eprint/46325
ISSN: 1756-0543
PURE UUID: 4a06b17b-35ea-4817-80c4-8a9f87df6b08
Catalogue record
Date deposited: 14 Jun 2007
Last modified: 15 Mar 2024 09:20
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Contributors
Author:
G. Griffiths
Author:
N. Bose
Author:
J. Ferguson
Author:
D.R. Blidberg
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