Insurance

EVENT :  NEXYAD WILL BE AT CONSUMER TELEMATICS SHOW IN LAS VEGAS IN JAN 6th 2020 NEXYAD will be at CTS Las Vegas the 6th of January 2020. We will present our technology SafetyNex. SafetyNex is an Artificial Intelligence Software component made to be integrated into telematics products, and that computes in real time, at each moment, the driving risk that driver is currently taking. This software componant can be integrated into smartphone apps, telematics devices, beacons, dashcams. It can be used to alert driver with... [Lire la suite]

Swiss Re partners with Pioneer to launch telematics solution The new solution will be integrated into Swiss Re’s Coloride app, assessing a driver’s driving behaviour linked to incentive-based auto insurance Zürich-based insurance company Swiss Re and automobile electronics company Pioneer have developed a telematics solution that offers insurers a more personalised risk assessment and supports safer driving behaviour. The new solution will be integrated into Swiss Re’s Coloride app and is expected to be launched globally early... [Lire la suite]

Perspective: Trucking’s Telematics Systems Are Only as Good as the Losses They Prevent Rising insurance premiums are a perennial stress for many motor carriers, many of which are now installing telematics systems with the latest safety technologies to mitigate cost increases. This is a positive trend for the trucking industry, and more carriers should fully embrace these technologies as they soon will become necessary to operate a safe, efficient and, ultimately, more profitable trucking fleet. Motor carriers that install telematics... [Lire la suite]

Competing in a new age of insurance: How India is adopting emerging technologies With written gross premiums of USD 94.48 billion in FY18, the Indian insurance industry is the fifteenth largest in the world in terms of premium volume.1 Owing to rising awareness, innovative products and a proliferation of distribution channels, the insurance industry in India is expected to reach newer heights by 2020.2 Though insurance reach is still low in the country and there exists a huge untapped market, government policies of financial... [Lire la suite]

Trucks Assistance systems help to prevent accidents What technical developments have there been with driver assistance systems and telematics applications in commercial vehicles, and what impact will the technical innovations have on insurers? Munich Re and MAN truck & Bus discuss the issue. Jochen Friedrichs, Munich Re: Manufacturers are constantly presenting new vehicle telematics applications and ever more sophisticated driver assistance systems. I have the impression that, as with many things in the technology... [Lire la suite]

Connected Car Insurance Future Trends Insurers Must Accommodate Emerging Data Sources in the Global Telematics and Connected Car Insurance Market There’s no denying that connected car insurance and automotive telematics have taken the world — and especially the highly competitive automotive insurance industry — by storm. But there’s one thing that many insurers are failing to consider in their quest to satisfy customers’ demands for connected car insurance/UBI (expected to grow over 140 million subscribers globally by... [Lire la suite]

How Much Can Telematics Help India Save on Car Insurance Costs? Data and connectivity are fast becoming the currency and profit of the future. Organisations who can move fast will achieve competitive advantage in pricing and in processes. They will be able to use analytics and motor telematics programmes beyond just customer attraction, and deliver highly-valuable insurance products that attract the best risks, and mitigate against the worst risks. As insurance markets worldwide mature, they tend to progress from asset-based risk... [Lire la suite]

Connected car platforms increasingly supporting telematics services in light vehicles Most automakers today have either kept their telematics service management in-house – like telematics service provider OnStar, which is wholly owned by GM – or else they have integrated it into their organization at a corporate level – like Volvo’s ownership stake in WirelessCar. However, the connected car market is changing rapidly, which is presenting exciting new opportunities for merchant-market connected-car platform vendors – enabling... [Lire la suite]

THREE INSURANCE INNOVATIONS TO WATCH RIGHT NOW Every year, insurers impress judges and their industry peers with their inventive ideas at the Efma-Accenture Innovation in Insurance Awards. Three organizations have already earned monthly innovation awards, demonstrating customer-centric approaches to building technology solutions for the digital age. Customer expectations are changing in the insurance industry. Customers expect more—more convenience, more personalized services, more solutions for the changing transportation,... [Lire la suite]

United States: American citizens support for UBI rises four times, compared to a decade ago* Approval of a universal basic income (UBI) has risen sharply in the United States. Karl Widerquist cites a 10-year-old poll showing that only 12% of Americans approved an UBI at that time. Now that number is 48%, according to a Gallup poll, conducted at the end of 2017 (on around 3000 adult US citizens).   The cited poll also shows that women show more support than men (52 and 43% respectively), age strongly correlates... [Lire la suite]