Roadway Risks: AI, Autonomous Vehicles, & Automated Driving
b'Welcome to RIMScast. Your host is Justin Smulison, Business Content Manager at RIMS, the Risk and Insurance Management Society.
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Artificial intelligence, autonomous vehicles, and data gathering are all intersecting on roadways around the world. Here today to help navigate these emerging risks is Mike Nelson, the founder and CEO of Quantiv Risk! Mike has 40 years of legal, automotive, and insurance experience and is currently evaluating hundreds of accidents involving Advanced Driver Assistance Systems (ADAS).
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Put your pedal to the metal and strap in for this week\\u2019s episode all about the technological, legal, and risk-related developments in the areas of AI, autonomous vehicles, and automated driving!
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Key Takeaways:
[:01] About the RIMS App.
[:22] About RIMScast.
[:34] About today\\u2019s episode with Mike Nelson.
[:44] Upcoming RIMS offerings.
[1:05] About the upcoming two-day virtual event: 2022 RIMS RiskTech Forum.
[1:38] More about today\\u2019s episode with Mike Nelson.
[2:15] Justin welcomes Mike to RIMScast!
[2:25] Mike Nelson shares about his career and his risk management history.
[3:08] Why AI is relevant to the insurance industry and the risk profession.
[4:48] Developments that have arisen in the area of automated driving and traffic/crash data.
[6:04] The first step to autonomous driving, ADAS, and what it means.
[7:00] The legislation that risk professionals should be aware of when it comes to automated driving.
[8:24] Mike shares his thoughts around the U.S. House panel that will be held on Feb. 3rd on self-driving vehicles.
[11:20] Upcoming RIMS webinars and the RIMS Buyers Guide.
[12:25] Megan Miller joins the podcast to share about the exciting events coming up for the Spencer Educational Foundation!
[15:08] Mike highlights the other information technologies (in addition to AI) that are making an impact on insurance.
[16:07] By the time autonomous vehicles are the norm, what does Mike forecast (in terms of auto insurance)?
[17:18] How Mike feels that AI will further enhance the future of the risk profession.
[19:19] Mike\\u2019s words of wisdom for the glocal risk management community.
[20:26] Justin thanks Mike Nelson for joining RIMScast and shares some additional links to look out for in the show notes.
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Mentioned in this Episode:
RIMS Events, Education, and Services:
RIMS 2022 RISKWORLD | April 10\\u201213 in San Francisco! \\u2014 Register now for advance rate pricing!
NEW FOR MEMBERS! RIMS Mobile App
Sponsor RIMScast: Contact sales@rims.org or pd@rims.org for more information.
Sponsored RIMScast Episodes:
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\\u201cPrioritizing People: Expertise and Innovation\\u201d | Sponsored by Gallagher Bassett
\\u201cRisk Findings for the Industrial & Manufacturing Industry\\u201d | Sponsored by Aon
\\u201cEstablishing the Right Assurance to Request From Business Partners\\u201d | Sponsored by HITRUST
\\u201cAon\\u2019s 2021 Retail Industry Overview\\u201d | Sponsored by Aon
\\u201cA Legacy of Resilience\\u201d | Sponsored by J.B. Boda Group
\\u201cThe Golden Era of Insurance\\u201d | Sponsored by The Hartford
\\u201cInsurance Investigation Trends Happening Now\\u201d | Sponsored by Travelers
\\u201cWhat Could a CRO Do for Your Business?\\u201d | Sponsored by Riskonnect
\\u201cHard Reality: A Look at Rising Rates in Property & Excess Casualty\\u201d | Sponsored by AXA XL
\\u201cProperty Valuation Deep Dive\\u201d | Sponsored by T\\xdcV S\\xdcD
\\u201cProperty Loss Control Engineering\\u201d | Sponsored by Prudent Insurance Brokers
NEW RIMSCAST VIDEO: \\u201cClimate Change and Insurance: A Fireside Chat with Dev Bhutani and Deepak Madan\\u201d | Sponsored by Prudent Insurance Brokers Ltd.
Webinars:
Feb. 8, 2022 | RIMS Virtual Workshop Preview: \\u201cCaptives as an Alternate Risk Financing Technique\\u201d | Presented by RIMS
Feb. 9, 2022 | \\u201cRecertification: Keep Your RIMS-CRMP Active\\u201d | Presented by RIMS
April 9th\\u201210th, 2022 | \\u201cContractual Risk Transfer\\u201d | Presented by RIMS
April 9th\\u201210th, 2022 | \\u201cFundamentals of Insurance\\u201d | Presented by RIMS
April 9th\\u201210th, 2022 | \\u201cFundamentals of Risk Management\\u201d | Presented by RIMS
April 9th\\u201210th, 2022 | \\u201cManaging Cognitive Bias Risk \\u2014 Recognition & Avoidance Essentials\\u201d | Presented by RIMS
April 9th\\u201210th, 2022 | \\u201cRIMS-CRMP Prep\\u201d | Presented by RIMS
April 9th\\u201210th, 2022 | \\u201cRisk Appetite Management\\u201d | Presented by RIMS
April 9th\\u201210th, 2022 | \\u201cApplying and Integrating ERM\\u201d | Presented by RIMS
April 9th\\u201210th, 2022 | \\u201cCaptives as an Alternate Risk Financing Technique\\u201d | Presented by RIMS
Virtual Workshops:
Attend the RIMS-CRMP-FED Exam Prep Virtual Workshop presented with George Mason University, February 15\\u201217, 2022 \\u2014 Register Now!
More About AI, automated driving, and emerging technology on RIMScast and Risk Management Magazine:
RIMScast: \\u201cAI and Autonomous Vehicles with Stephen S. Wu\\u201d
Risk Management Magazine: \\u201cRobotic Process Automation for Risk and Compliance\\u201d
Risk Management Magazine: \\u201cHacking Cars\\u201d
Risk Management Magazine: \\u201cArtificial Intelligence and Professional Liability\\u201d
RIMS Publications, Content, and Links:
RIMS Membership \\u2014 Whether you are a new member or need to transition, be a part of the global risk management community!
RIMS Advisory Services \\u2014 Ask a Peer
RIMS Coronavirus Information Center
RIMS Risk Leaders Series \\u2014 New interview with RIMS 2021 Risk Manager of the Year Michael Harrington!
RIMS-Certified Risk Management Professional (RIMS-CRMP)
RIMS-CRMP Stories \\u2014 New interview featuring RIMS Treasurer Jennifer Santiago!
Spencer Educational Foundation
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Want to Learn More?
Keep up with the podcast on RIMS.org and listen on iTunes.
Have a question or suggestion? Email: Content@rims.org.
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Join the Conversation!
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Follow up with Our Guest:
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Tweetables (For Social Media Use):
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\\u201cA lot of people refer to this concept of autonomous vehicles [but] we\\u2019re really not anywhere near an autonomous vehicle world. We\\u2019re in \\u2014 what a lot of people would call \\u2014 automated driving.\\u201d \\u2014 Mike Nelson
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\\u201cThe first step on this road to [automated driving] is called ADAS \\u2026 Advanced Driver Assistance Systems.\\u201d \\u2014 Mike Nelson
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\\u201cI think the biggest part of [AI enhancing the future of the risk profession] is [that] \\u2026 it\\u2019s [currently] hard to quantify the factors [of specific] events \\u2026 without the use of AI.\\u201d \\u2014 Mike Nelson
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\\u201cThe one thing \\u2026 risk managers really need to be careful with \\u2026 is \\u2026 artificial intelligence is prone to bias; \\u2026 it can overstate what [a] pattern represents. You really have to be careful that what you think is a pattern \\u2026 is not being \\u2026 overly relied upon.\\u201d \\u2014 Mike Nelson
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