Munich Re co-hosts inaugural automated vehicle summit with Princeton University

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9 October 2014 | Corporate

Inaugural Automated Vehicle Summit at Fort Monmouth Hosted by Munich Re and Princeton University’s School of Engineering & Applied Sciences

Key stakeholders from the public and private sectors gather

New Jersey's first summit meeting on creation of a center for research, certification, and commercialization of automated vehicle technology took place on October 3 at former Army base Fort Monmouth in Oceanport. The purpose of the meeting was to bring together stakeholders to discuss placing New Jersey at the forefront of research into potentially life-saving technology.

Hosted by Princeton University, School of Engineering & Applied Sciences, and Munich Reinsurance America, Inc., the event included representatives of the insurance industry, automakers, wireless communications industry, motor vehicle regulators, public transit industry, universities and state legislators.

Tony Kuczinski, President and Chief Executive Officer of Munich Reinsurance America, spoke about how risk is transferred to insurance carriers and the important role that automated vehicle technology can play in reducing collisions, fatalities and injuries.

Automated Vehicle Summit,Oceanport, NJ

Automated Vehicle Summit Oceanport, NJ

Participants discuss creation of a center for research, certification, and commercialization of automated vehicle technology.

A major focus of the summit was automated collision avoidance for public transportation. Dr. Jerome Lutin, former Senior Director of Statewide & Regional Planning for NJ TRANSIT told the participants that casualty and liability claims had cost the public transit bus industry more than $4 billion over the past ten years.

Summit participants charted a series of next steps to pursue, including:

  • Advancing Research Towards Commercialization
  • Application of Autonomous Collision Avoidance Technology to Transit Buses to Reduce Claims, Injuries, and Fatalities
  • Preparing a Regulatory Framework for Certification
  • Advancing Fort Monmouth, NJ as a Center for Automated Vehicles

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