Insurance

Connected tech to keep car-share drivers in check Telematics as a vetting tool in car-sharing fleets explored by Siegfried Mortkowitz. New mobility services are creating new relationships between drivers and vehicles, and potentially between car owners and their vehicles. The rise of who peer-to-peer (P2P) car-sharing has enabled owners to leverage the times their vehicles are idle by allowing strangers to rent them for short periods of time. In P2P relationships, the most important commodity is trust: the car owner must believe... [Lire la suite]

What is Connected Car Insurance? | Insurance Telematics What is Connected Car Insurance?  Connected car insurance is a technology-driven automobile insurance leveraging the Internet of Things (IoT) whereby insurance premiums are dependent on driver behavior. Connected car insurance programs are intended to reward and promote safer and smarter driving behavior, while enabling auto insurance customers to receive potential discounts and savings to their monthly premiums based on individual driving patterns calculated by their... [Lire la suite]

Common car Advanced Driver-Assistance Systems and the impact on your car insurance In a recent article, we took a look at car safety ratings and their impact on insurance. Truth be told, in many cases when people start looking for a new car, especially those with a family, the vehicle's safety will be among the most important things considered. In recent years we have seen smart technologies employed in cars with increasing frequency, especially when it comes to safety. Here we take a look at the most commonly requested... [Lire la suite]

Presentation video of the real time driving risk assessment module SafetyNex SafetyNex estimates driving risk 20 times per second, and alerts driver when risk increases too much, letting time toslow down and avoid accident. NEXYAD has been developing this module that is already under deployment for car insurance and professional fleets (decrease the accident rate because driver is alerted and can avoid some accidents).SafetyNex is also under integration into ADAS (Advanced Driver Assistance Systems) and Autopilots because for those... [Lire la suite]

SafetyNex (real time driving risk assessment smartphone App) can alert driver before danger and then reduce accident rate by 20% The company NEXYAD recently launched their smartphone App SafetyNex. SafetyNex analyses driving behaviour in real time and estimates the degree of adequation of this driving behaviour to road context. In the low cost implementation, context is only the road infrastructure configuration : distances, curves, intersections, functionalities of infrastructure (pedestrian crossing, school, ...) and traffic signs... [Lire la suite]

Common car Advanced Driver-Assistance Systems and the impact on your car insurance In a recent article, we took a look at car safety ratings and their impact on insurance. Truth be told, in many cases when people start looking for a new car, especially those with a family, the vehicle's safety will be among the most important things considered. In recent years we have seen smart technologies employed in cars with increasing frequency, especially when it comes to safety. Here we take a look at the most commonly requested... [Lire la suite]

Are Driverless Cars An Auto Insurance Train Wreck? Auto Insurers May Welcome Autonomous Cars as Accident Rates Fall Autonomous cars won’t eliminate auto-insurance premiums, even if they prove safer than human drivers, since accidents aren’t the only risk vehicles face. Auto fatalities are down 23% from 2006 to 2013, even as premiums climbed 9.8% to $186 billion and underwriting margins fell to negative 1.1% from 6.1%. Like other vehicles, autonomous cars would face perils such as storms and misuse, while complex liability... [Lire la suite]

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]