Benzinga | Nov 19, 2021 08:52AM EST

Baidu, Swiss Re Collaborate Over Autonomous Driving

Swiss Re AG (OTC:SSREY) and Baidu Inc (NASDAQ:BIDU) collaborated to provide risk management expertise and innovative insurance products for Baidu's autonomous driving business.

* This partnership will advance risk management research and insurance protection for autonomous vehicles, representing a significant step forward in building a comprehensive ecosystem of mobility services.

* Together with our partner Baidu, we analyze how automated cars perceive their surroundings and how they process that information and respond to it, Swiss Re Head of Automotive & Mobility Solutions Andrea Keller said.

* Price Action: BIDU shares traded lower by 0.04% at $154.30 in the premarket session on the last check Friday.