Insurance

Course Academic Chair : collaboration between MOVEO Groupement ADAS and INSA Rouen Groupement ADAS startups and SMEs send their expert to INSA Rouen to teach industrial ADAS aspects to future engineers of INSA Rouen Here is Gerard YAHIAOUI, CEO of NEXYAD, presenting 4 ADAS software modules (perception of the environment, and risk estimation) and focusing on the notion of real time risk assessment for car mobility, and all the applications (presentation of the module SafetyNex) : . insurance and fleets prevention programs, and UBI ... [Lire la suite]

Sensor Fusion and Data Fusion for ADAS and driverless vehicle The French High-Tech startup NEXYAD recently presented their module SafetyNex. SafetyNex is a real time driving risk assessment system. Of course, Driving Risk makes everyone think of car insurance and fleet management. And it is a natural application (deployment has already started). But it is important to note that Driving Risk is also a key notion for ADAS and Driverless car. Indeed, Driving Risk happens when there is no adequation between Driving Behaviour and Diving... [Lire la suite]

What is ADAS Technology and How is it Contributing to Increased Vehicle Repair Costs? According to the Association of British Insurers (ABI), vehicle repair costs have increased by as much as 32% in the last three years. Thatcham—the UK’s version of the U.S.’s Insurance Institute for Highway Safety—released a study that cites increased complexity of vehicle materials, the rising cost of spare parts and advanced technology as possible reasons for the sharp increase. However, one major culprit that they cannot deny is the use of ADAS... [Lire la suite]

Making Advanced Driver Assistance Systems work for fleets Autonomous cars and similar new technologies are on the brink of changing our world. Much debate has focussed on their potential benefits and the social issues they may cause. However, are the new technologies being introduced too quickly? In the latest Brake blog; Jeremy Rochfort, National Sales Manager at Autoglass®, says many fleets are struggling to adapt to the rapid rate of change and emphasises the need for safety to be maintained as the main priority.   ... [Lire la suite]

The future of motor insurance : How car connectivity and ADAS are impacting the market (A joint whitepaper by HERE and Swiss RE) For the automotive industry, relatively little has changed over the past three decades – until now. New driver assistance technologies and connected services are ushering in a whole new world of mo - toring. In this new world, the driver hands over ever greater responsibility for his or her driving decisions to the vehicle. On the road today there are already cars with advanced driver assistance systems... [Lire la suite]

ADAS Can Lead to Higher Auto Insurance Prices New cars with crash prevention technology and Advanced Driver Assistance Systems (ADAS) are causing auto insurance rates to rise dramatically, according to a Wall Street Journal article published April 3. The article explains that safety features such as autonomous braking, microprocessors and cameras are often located on parts of the car most prone to accidents, such as the bumper. And when these features need replacing, the cost can be five times what it would be without these... [Lire la suite]

What is driving risk and why most apps DO NOT measure it although they seem to be interesting Driving risk assessment is now of interest of : . telematics solutions providers . fleet managers (for prevention) . car insurers (for prevention, and UBI) A lot of applications then explain how they estimate driving risk. But, by the way, what is driving risk ? A lot of people seem to think that driving risk and accident are quite the same. If I observe accident, then I will learn and do stats and find a way to estimate driving risk.... [Lire la suite]

NEXYAD member of Groupement ADAS interviewed in MOV'EO Imagine Mobility days NEXYAD presented the Road safety ADAS SafetyNex : a smartphone App that alerts the driver before danger, letting time to slow down and avoid accident. SafetyNex can then reduce accident rate by 20%. SafetyNex may also be used for automatic braking (anticipation braking) before dangerous area (ex : priority to the right) : the first intelligent ACC with anticipation to avoid accident. SafetyNex also records risk profiles for fleets managers and car... [Lire la suite]

Usage-Based Insurance Market to Reach $123 Billion by 2022, Globally-Allied Market Research According to a new report published by Allied Market Research, titled, "Usage-Based Insurance Market by Product Type (Pay-As-You-Drive Insurance (PAYD), Pay-How-You-Drive Insurance (PHYD), and Manage-How-You-Drive Insurance (MHYD) and Technology (OBD-II-Based UBI Programs, Smartphone-Based UBI Programs, Hybrid-Based UBI Programs, and Black-Box-Based UBI Programs): Global Opportunity Analysis and Industry Forecast, 2014-2022," the global... [Lire la suite]

The New Paradigm of Connected Insurance Connected insurance represents a new paradigm for the insurance business. This new insurance approach is based on the use of sensors for collecting and transmitting data on the status of an insured risk and the deployment of big data capabilities that transform raw information into actionable knowledge along the insurance value chain. The insurance sector, which is considered to be fairly traditional and resistant to change, is currently being overtaken by this transformative paradigm.... [Lire la suite]