Autonomous vehicle insurtech Koop Technologies launches industry-first robotics errors & omissions insurance product
PITTSBURGH, Sept. 14, 2022 (GLOBE NEWSWIRE) — Koop Technologies, an insurance technology company specializing in autonomous vehicles and robotics risks, has launched an industry-first Robotics General Liability and Errors & Omissions insurance product in partnership with CJ Coleman and leading Lloyd’s of London syndicates. The new coverage is designed for off-road autonomous vehicles and robotics developers, operators, and service providers across various industries. It provides bespoke ratings using a proprietary risk assessment methodology developed by Koop Technologies. Starting today, the product is available for purchase and distribution to robotics customers and retail brokers on the Singularity Platform™, announced by Koop Technologies earlier this year. The product launch marks the onset of “automation as a class”, a category pioneered by Koop Technologies combining on-road and off-road automation use cases bound by software- and hardware-defined risk properties.