Insurance

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]

Self-Driving Cars and Insurance   HE TOPIC Each new generation of cars is equipped with more automated features and crash avoidance technology. Indeed, many of today’s high-end cars and some mid-priced ones already have options, such as blind-spot monitoring, forward-collision warnings and lane-departure warnings. These will be the components of tomorrow’s fully automated vehicles. At least one car manufacturer has promised to have fully automated cars available by the end of the decade. Except that the number of crashes will... [Lire la suite]

SafetyNex by NEXYAD : measurement of RISK OF ACCIDENT for actuaries (Insurance Companies) To read more : http://nexyad.net/Automotive-Transportation/?page_id=441    

NEXYAD member of Groupement ADAS will talk at CONNECTED CAR INSURANCE EUROPE 2016 :the congress on Insurance Telematics : NEXYAD will show solution for REAL RISK OF ACCIDENT measurement (easy-to-use by actuaries) To read more : http://www.tu-auto.com/connectedcar-insurance-eu/conference-speakers.php

ACCENTURE survey : Connected cars and the insurance opportunity, part 1: Telematics, customer retention and risk management Across industries, the Internet of Things is forcing companies to re-evaluate how they do business and bring value to their customers. Within insurance, telematics has attracted considerable interest as a way to better understand customers, optimize premiums and mitigate risk. For example, Accenture research found that 77 percent of consumers would be interested in telematics to determine premiums based on... [Lire la suite]

Actualise Connected Data Sets to Create Innovative Motor Insurance Products The Critical Business Discussions for Connected Car Insurance Through independent research we have uncovered the most crucial issues insurers face in the connected car space: INTELLIGENT INSURANCE FOR INTELLIGENT MOBILITY: Utilise telematics to innovate as new mobility models and a sustained shift in car ownership open the urban population to new insurance services HARNESS THE IOT: Build a picture of the driver, the vehicle and surrounding... [Lire la suite]