Insurance

Trends and outlook of the auto electronics industry (by Deloitte) Since 2010, the global auto market has featured quite a polarized development. The United States has begun to emerge from the economic crisis, while European countries are facing a debt crisis and excess production capacity. The major emerging markets have entered a stable stage after one or two years of explosive growth. (For these reasons,) the auto industry is experiencing a global capacity redesign to capture the new growth markets. At the same time, OEMs are... [Lire la suite]

White paper n¨2 of NEXYAD on onboard risk assessment for auto insurance companies (French spoken) Here is the white paper of NEXYAD about risk assessment (risk of driving) for insurance companies :http://nexyad.net/Automotive-Transportation/wp-content/uploads/2016/05/white-paper-NEXYAD-n2-T%C3%A9l%C3%A9matique-automobile-et-respect-des-donn%C3%A9es-priv%C3%A9es.pdf

'Pay how you drive' motor insurance ‘Pay how you drive’ motor insurance policies, often known as telematics or ‘black box’ insurance, take into account how the vehicle is used when setting the premium. This allows an insurer to offer premiums that are more tailored to the users of a vehicle than is possible with a traditional motor insurance policy. ‘Pay how you drive’ policies use GPS technology to measure how a vehicle is being driven – insurers then use this information to make judgements about... [Lire la suite]

NEXYAD will be at TESTING EXPO in STUTTGART the 31st of May and the 1st of June NEXYAD will show 4 products :. RoadNex (road detection for ADAS). ObstaNex (obstacle detection for ADAS). VisiNex (Visibility measurement for ADAS and ITS). SafetyNex (onboard risk assessment for insurance companies, fleet managers, and car manufacturers) NEXYAD is member of the Mov'eo Groupement ADAS To read more :  http://nexyad.net/Automotive-Transportation/?p=2214

Legal Developments in Connected Car Arena Provide Glimpse of Privacy and Data Security Regulation in Internet of Things With the holiday season in the rear view, automobiles equipped with the newest technology connecting carmakers with their vehicles, vehicles with the world around them, and drivers with the consumer marketplace – Connected Cars – have moved from the lots to driveways. Automakers are remaking their fleets to offer unprecedented choice and convenience to drivers. However, as recent studies have shown, the connectivity... [Lire la suite]

Connected car : Improving Risk Assessment Accuracy - The Motivation for Usage Based Insurance With virtually every country requiring some form of insurance for automobile owners, drivers are constantly looking for ways to save money by lowering their monthly or annual premiums. When that search intersects with insurance companies’ desire to accurately assess individual customer’s risk to limit their liability exposure, the result is usage based insurance (UBI). With several different varieties of usage based insurance available, UBI... [Lire la suite]

NEXYAD white paper on onboard risk assessment for car insurance (telematics for connected car) NEXYAD, member of the MOV'EO Groupement ADAS, present their white paper on real time onboard risk assessment for car insurance : . why current telematics systems stricly have no change to estimate a risk ? . by the way ... everybody says "risk" ... what is the definition of risk ? . a new solution available (on smartphones and on demand on telematics devices) : SafetyNex To read the paper : ... [Lire la suite]

How can Volkswagen rebuild trust with the fleet community? (c)iStock.com/josefkubes In recent times, it hasn’t been uncommon for industry sectors to face scandal or massively increased regulatory constraints; just think of the banking sector and national supermarkets, over the past few years.  But news from Volkswagen (VW) – one of the most trusted and reliable brands in the fleet business – has taken us all by surprise. There are 29.6 million cars on the road in the UK, but with reports saying that as many as 1.5... [Lire la suite]

NEXYAD booth at Connected Car Insurance 2016 in London NEXYAD is proud to invite you on their booth at Connected Car Insurance 2016 in London.We will be with our partner (also member of the Moveo Groupement ADAS) INTEMPORA. We will show the first and only onboard risk assessment module : SafetyNex To read more : http://nexyad.net/Automotive-Transportation/?p=2064    

THE ULTIMATE SOLUTION FOR INSURANCE COMPANIES THAT NEED ONBOARD RISK ASSESSMENT . WHY TESTED SOLUTIONS ALL FAILED (ACTUARIES SAY) ? . WHY SOLUTIONS BASED ON "SEVERE BRAKING", "VELOCITY IN CURVE", "ACCELERATIONS" ... HAVE STRICTLY NO CHANCE TO WORK ? . WHAT TO DO TO GET A RISK ASSESSMENT MODULE THAT WORKS? (Presentation of a disruptive solution) By NEXYAD 1-INTRODUCTION Insurance companies now find themselves in front of a potential change in business model, and the so-called "pay how you drive" pricing is an idea whose time has... [Lire la suite]