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Apr 23, 2019

Welcome to RIMScast. Your host is Justin Smulison, Business Content Writer at RIMS, the Risk and Insurance Management Society.

This week, Stephen S. Wu of the Silicon Valley Law Group joins the podcast! He is a shareholder at the firm, as well as the 2010-11 Chair of the American Bar Association’s section of Science, Technology, and Law. Also, in 2007, he co-founded ABA’s section committee on Artificial Intelligence and Robotics.


Today, they’re tackling AI and autonomous vehicles! Stephen explains why AI is relevant to the insurance and risk management industries, some of the biggest product liability risks to manufacturers when discussing autonomous vehicles, risks associated with a “techlash” to the use of information technologies supporting AI, and what he sees in terms of auto insurance by the time autonomous vehicles are the norm.


Key Takeaways:

[:14] About today’s episode and guest.

[:22] About upcoming RIMS events!

[:40] More about today’s guest.

[1:05] Justin welcomes Stephen to the podcast.

[1:14] At a high level, why is AI relevant to the insurance and risk management industries?

[2:57] When discussing autonomous vehicles, what are some of the biggest product liability risks in the U.S. to manufacturers?

[6:14] The challenges Stephen has found as the AI technology emerges.

[7:26] The risks associated with a “techlash” to the use of information technologies supporting AI.

[8:58] Does Stephen feel that this is a time for the insurance industry to lay the groundwork for an actuarial approach to underwriting AV risks?

[9:51] Does Stephen feel that we’re coming up on what was portrayed in the film, Minority Report, where self-driving cars were the norm?

[10:22] By the time autonomous vehicles are the norm, what does Stephen see in terms of auto insurance?

[11:51] As autonomous vehicles roll out and casualties occur, does Stephen see that opening the doors to widespread scrutiny of the technology and the progress?

[12:48] Why Stephen feels that information technologies (other than AI) are making an impact on insurance for AI and robotics.

[16:17] If you’re interested in learning more about this subject, check out the links below!


Mentioned in this Episode:

RIMS 2019 Annual Conference (Last call!)

Questions about the RIMS 2019 Annual Conference? Email

RIMS NeXtGen Forum: June 14th, 2019 in New York City

RIMS ERM Conference 2019: Nov. 4-5 in New Orleans — submit a session by April 19th

Toyota Sudden Acceleration Litigation

GM Ignition Switch Litigation

Minority Report (2002, Film)

Risk Management magazine: “Robotic Process Automation for Risk and Compliance”

Risk Management magazine: “Hacking Cars”

Risk Management magazine: “Artificial Intelligence and Professional Liability”

RIMS Risk Knowledge Database

Meetup Group: Robotics, Artificial Intelligence, and the Law


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Follow up with Our Guest:

Stephen Wu’s SVLG Profile