• AXA joins a fourth* Government-funded autonomous vehicles project

    April 12th 2017. Posted in Corporate

    AXA is the insurance lead in the CAPRI consortium which has just secured more than £4.2 million of funding from Innovate UK and the Centre for Connected & Autonomous Vehicles (CCAV). The project will deliver a pilot scheme that could pave the way for the use of connected and autonomous vehicles to move people around airports, hospitals, business parks, shopping and tourist centres.

    The pilot project, which will be led by Consulting Engineering firm AECOM, includes the design, development and testing of new autonomous and connected pods on-demand (PODs), culminating in on-road public trials at London’s Queen Elizabeth Olympic Park.  

    AXA will underwrite the PODs during the trials enabling the project to investigate technologies that will allow the vehicles to navigate safely and seamlessly in both pedestrian and road environments. AXA will also be advising the consortium on insurance related issues throughout the project.

    David Williams, Technical Director, AXA UK said:

    “I am delighted that CAPRI has been chosen by Innovate UK in their latest round of funding dedicated to connected and autonomous vehicles.

    “AXA has a proven track record in for innovation in this area. The project’s focus on the pedestrian and road environments will allow us to investigate and respond to the issues that arise from the public’s perception and concerns around autonomous vehicles. Our extensive experience to date in this field means we are perfectly placed to examine the insurance and legal questions that connected and autonomous vehicles pose.” 

    “I am looking forward to working with the other partners to enable these vehicles to make a positive societal impact.”

    The project comprises 20 partnering organisations, bringing together academic institutions, businesses, SMEs and public sector authorities with a range of skills, knowledge and needs in the connected and autonomous vehicles (CAVs) arena.

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    Notes for Editors 

    *AXA is involved in three other government funded autonomous vehicle trials:

    The Venturer consortium is trialling autonomous vehicles in the Bristol and South Gloucestershire council areas to explore the feasibility of driverless cars in the UK. The project will investigate the legal and insurance aspects of driverless cars and explore how the public react to such vehicles.

     

    UK Autodrive is a three year programme led by engineering and consultancy firm, Arup. The consortium - which includes forward thinking local authorities, the UK’s leading technology and automotive businesses and academic institutions - will develop autonomous vehicle technologies and integrate driverless vehicles into existing urban environment.

     

    Flourish is looking at the development in user-centric autonomous vehicle technology and connected transport systems. The programme, co-funded by the UK’s innovation agency - Innovate UK, will focus on the core themes of connectivity, autonomy and customer interaction.    

    Legal Notes 

    About AXA

    The AXA Group is a worldwide leader in insurance and asset management, with 166,000 employees serving 107 million clients in 64 countries. In 2016, IFRS revenues amounted to Euro 100.2 billion and IFRS underlying earnings to Euro 5.7 billion. AXA had Euro 1,429 billion in assets under management as of December 31, 2016. In 2016 Interbrand ranked AXA the 1st insurance brand worldwide for the 8th consecutive year.

    In the UK AXA operates through a number of business units including: AXA Insurance, AXA PPP healthcare and AXA Ireland. AXA employs over 10,000 staff in the UK.

    The AXA ordinary share is listed on compartment A of Euronext Paris under the ticker symbol CS (ISN FR 0000120628 – Bloomberg: CS FP – Reuters: AXAF.PA). AXA’s American Depository Share is also quoted on the OTC QX platform under the ticker symbol AXAHY.

    The AXA Group is included in the main international SRI indexes, such as Dow Jones Sustainability Index (DJSI) and FTSE4GOOD.

    It is a founding member of the UN Environment Programme’s Finance Initiative (UNEP FI) Principles for Sustainable Insurance and a signatory of the UN Principles for Responsible Investment.

    About CAPRI

    CAPRI (Connected & Autonomous POD on-Road Implementation) is a large consortium comprising 20 partnering organisations. With a strong mix of academia, business and public sector authorities, each member will play an important role in the delivery of the CAPRI mobility service pilot scheme. The 20 CAPRI partners are: AECOM, AXA, Burges Salmon, Conigital, dynniq, ESP Group, Fusion Processing, Heathrow, Loughborough University, NEXOR, Queen Elizabeth Olympic Park, South Gloucestershire Council, Transport Simulation Systems, University of Warwick, University of Bristol, thingful, TVS, University of the West of England, Westfield and YTL.