Hyperloop aims to transport people and goods in low-pressure capsules using electromagnetic propulsion at 600 kms per hour. That would make trips between Los Angeles and San Francisco or between Munich and Berlin just 30 minutes.
“The technology developed by HTT is set to fundamentally change the way we travel in future,” Torsten Jeworrek, a Munich Re board member, said. “Such technological shifts give rise to new insurance needs that demand innovative solutions – which our Hyperloop team is happy to develop.”
Reuters Oct 17 2017
Another example of insurers anticipating future needs.
Munich Re, the German reinsurance company, is working on ways to insure a new high-speed capsule transportation system, giving a boost to this new technology known as hyperloop. The reinsurer and California-based Hyperloop Transportation Technologies (HTT) have entered a partnership to develop the insurance which would allow HTT to manage risk. Munich Re said on Tuesday that hyperloop technology developed by HTT was “both feasible and insurable in the medium term.”