09 août 2017

ADAS Can Lead to Higher Auto Insurance Prices

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]

02 août 2017

What is driving risk and why most apps DO NOT measure it although they seem to be interesting

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]
16 juin 2017

NEXYAD member of Groupement ADAS interviewed in MOV'EO Imagine Mobility days

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]
10 avril 2017

Usage-Based Insurance Market to Reach $123 Billion by 2022, Globally-Allied Market Research

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]
09 mars 2017

The New Paradigm of Connected Insurance

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]
02 mars 2017

Can Amazon Dominate in Car Insurance, Too?

Can Amazon Dominate in Car Insurance, Too? In January 2013, LIMRA reported that 90% of industry executives it had surveyed believe that insurance companies will continue to form strategic alliances with “non-traditional organizations” to expand distribution. The example cited was MetLife’s trial alliance with 200 Wal-Mart stores. Then Accenture’s “Customer-Driven Innovation Survey” found that more than two-thirds of customers would consider purchasing home, auto and life insurance from businesses other than insurers—23% were open... [Lire la suite]

28 février 2017

Advanced Driver Assistance Systems

Advanced Driver Assistance Systems  Advanced driver assistance systems, often referred to as ADAS, refers to all of the items in your vehicle that are meant to help keep you safe while you are in the vehicle. Smart Cars Cars that have ADAS are often referred to as intelligent vehicles. They are called such because they are designed to get a good grasp on the surrounding environment of the vehicle and passengers within it, and goes beyond simply checking power steering fluid and oil. This information is gathered... [Lire la suite]
26 février 2017

Deep changes in the business of car insurance. Contribution of smartphone App SafetyNex in this global context

Deep changes in the business of car insurance. Contribution of smartphone App SafetyNex in this global context 1 - Role of the insurer The insurance idea would have appeared on the occasion of the first great journey by boat, and the appearance of "modern" insurance is generally dated from the 19th century. The principle of insurance is easy to understand : if accidents are rare (compared to the number of occurrences - travel, car trips, etc.), a simple and prudent idea then is to "put aside" a certain amount of money for each... [Lire la suite]
Posté par NEXYAD à 06:43 - - Commentaires [0] - Permalien [#]
Tags : , , , , ,
29 janvier 2017

SMARTPHONE APP SafetyNex COULD REDUCE ACCIDENT RATE BY 20%

SMARTPHONE APP SafetyNex COULD REDUCE ACCIDENT RATE BY 20%   I - ONBOARD TELEMATICS AND AUTO INSURANCE : REMINDER Onboard telematics now can measure behavior of a driver, and therefore, car insurers have early started this adventure of connected car, more or less successfully. The simplest applications that have been deployed are: . locate stolen vehicles . measure the usage of the driver, and in particular the number of kilometers traveled in order to propose adaptive pricing (vehicle that always stays in a garage will never have... [Lire la suite]
27 janvier 2017

Shifting gears: Insurers adjust for connected-car ecosystems

Shifting gears: Insurers adjust for connected-car ecosystems As the number of applications grows, a strong ecosystem is forming around the connected car, involving a range of participants—among them automakers, insurance companies, telecommunications firms, sensor and chip manufacturers, and digital-platform giants like Amazon and Uber, as well as academic institutions and standards-making bodies. The rise of this ecosystem is changing the competitive landscape for all participants, especially for companies in the insurance industry.... [Lire la suite]