Autonomous Vehicle

Swiss Re: Waymo is safer than human driven cars

Research at Swiss Re one of the top reinsurers in the world, which examines liability claims pertaining to collisions from 25.3 million Waymo completely autonomous miles. The study builds on our earlier work and uses aggregate statistics of auto liability claims as a stand-in for at-fault collisions. It proves that the Waymo Driver performs noticeably better than the general driving population as well as the newest generation of human-driven cars with advanced driver assistance systems (ADAS), as we’ve expanded operations throughout Phoenix, San Francisco, Los Angeles, and Austin.

Swiss Re’s data from more than 500,000 claims and more than 200 billion miles of exposure served as the basis for the study’s comparison of Waymo’s liability claims to human driver baselines. With a 92% decrease in claims for bodily injuries and an 88% decrease in claims for property damage, it was shown that the Waymo Driver outperformed human-driven vehicles in terms of safety.Over 25.3 million kilometers, the Waymo driver was actually only involved in two personal injury claims and nine property damage claims. According to the article, both bodily injury claims are still pending. Human drivers should anticipate 26 claims for personal injuries and 78 claims for property damage over the same distance.

Notably, the safety benefits of the Waymo Driver remain valid even when contrasted with more recent models (2018–2021) that come with contemporary safety features. This includes advanced driving assistance systems (ADAS) including blind spot warning, lane keeping assistance, automated emergency braking, and forward collision warning. Compared to this group, the Waymo Driver showed an 86% reduction in property damage claims and a 90% reduction in bodily injury claims.

This research supports our safety impact statistics, which shows that, regardless of who was at fault, the Waymo Driver had fewer serious collisions than human drivers across 25 million miles of completely autonomous driving. This Swiss Re investigation offers solid proof that Waymo was not at fault for the great majority of crashes involving its cars.

As part of our continuous dedication to openness and thorough assessment, we are pleased to present these findings. Our goal of enhancing everyone’s mobility and transportation safety remains our top priority as we grow our business and introduce the advantages of autonomous driving to additional areas.

About Swiss Re

Swiss Re, One of the top wholesale suppliers of insurance, reinsurance, and other risk management solutions for the insurance industry worldwide is Swiss Reinsurance Company Ltd. Founded in 1863 and headquartered in Zurich, Switzerland, it is recognized for its expertise in risk management and insurance products. The business serves customers in more than 150 countries worldwide.

Swiss Re plays a crucial role in the insurance industry by helping primary insurers manage their risk exposure through reinsurance contracts, allowing them to stabilize their balance sheets and retain solvency during challenging times. The business offers a variety of insurance products, such as specialty, life, and health, and property and casualty insurance.

Swiss Re is also known for its commitment to sustainable business practices and innovation within the insurance sector, focusing on emerging risks associated with climate change, technology, and demographic shifts. With a strong emphasis on data and analytics, Swiss Re leverages advanced technologies to enhance its underwriting processes and market offerings, positioning itself as a thought leader in the insurance industry.

About Waymo

Waymo is an American autonomous vehicle development company that originated as a project within Google in 2009. In 2016, it became an independent division of Alphabet Inc. Headquartered in Mountain View, California, Waymo is at the forefront of developing self-driving technology aimed at transforming mobility and reducing traffic accidents.

Waymo’s technology relies on a sophisticated combination of sensors, including LiDAR, cameras, and radar, to perceive the environment around its vehicles. The company has conducted extensive testing of its autonomous vehicles, including public trials, and has rolled out a commercial self-driving taxi service called Waymo One in select areas, such as Phoenix, Arizona.

In addition to self-driving passenger vehicles, Waymo is also exploring applications for freight and logistics, aiming to improve efficiency in the transportation sector. The company emphasizes safety and aims to leverage its technology to create a future where transportation is more accessible, efficient, and environmentally sustainable. With a commitment to innovation, Waymo remains a key player in shaping the future of autonomous transportation.

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