AIG, Cyberdyne to develop insurance plans to cover wearable robots

U.S.-affiliated insurance firm AIG Japan Holdings K.K. and wearable robot maker Cyberdyne Inc. have formed a business alliance in the nonlife insurance business. Under the tie-up deal announced Monday, the unit of New York-based American International Group Inc. and Cyberdyne will develop and sell nonlife insurance products for users of wearable robots for rehabilitation and work. AIG Japan will also encourage its corporate clients to promote Cyberdyne's products as a way to prevent employee injuries. Cyberdyne has already launched a joint venture with Daido Life Insurance Co. to develop new insurance policies that will cover fees for the use of its HAL robot suit used in medical treatment.