Risk

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]

How the advance of ADAS will force insurers to change their risk model In May, both Euro NCAP and the Australasian New Car Assessment Program said they had found that low-speed autonomous emergency braking (AEB) technology leads to a 38% reduction in real-world, rear end crashes. The organisations said they'd make AEB technology a key metric in the safety rating of new vehicles. Insurers in the UK are already responding with lower rates for cars equipped with AEB. In May, Thatcham Research Group did a study in which it obtained... [Lire la suite]

Driver Risk Assessment & Licence Validation We offer a fully encompassing driver licence validation service through our business partners, The Licence Bureau. This is an online service which allows you to easily ascertain the potential risk each of your drivers pose. After a driver mandate has been completed, the results are then received from the DVLA directly and processed into traffic-light categories as follows: Green – Low risk, clean and up to 4 points Yellow – Medium risk, 4 to 8 points Red – High risk,... [Lire la suite]

New usage of the real time driving risk assessment system SafetyNex : datafusion for ADAS and driverless The French company NEXYAD has been developing the 1st real time driving risk assessment module SafetyNex .A low cost implementation of this technology is proposed to car insurers and fleet managers in order to : . prevent from accident : SafetyNex alerts driver before danger, letting time to slow down and avoid accident . record usage and risk profiles for UBI (Usage Based Insurance) See a demo video here... [Lire la suite]

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]

Telematics trends in the UK Usage of telematics is growing quickly in the UK, targeting young drivers and addressing some of the issues created by the new EU gender directive. What is telematics insurance? Telematics insurance requires the installation of a device on the vehicle, commonly called a “Black Box”. This device communicates with on board instruments to monitor a series of parameters like hours of the day when the vehicle is driven, the distance driven, they type of roads where the car is driven and the speed of the... [Lire la suite]

NEXYAD presenting their real time driving risk assessment smartphone App SafetyNex at CERCLE LAB (IoT conference)   SafetyNex is a real time driving risk assessment smartphone App that warns (vocal alert) the driver before danger, letting time to slow down and avoid accident, and that records risk profiles and usage profiles on the NEXYAD cloud. Road Safety studies show that SafetyNex can reduce by 20% accident rate (ref) This smartphone App is disruptive, as it lets insurance companies and fleet management teams decrease... [Lire la suite]

Newsletter of NEXYAD on real time risk assessment in car telematics with Safetynex Headlines : – New Rating of Nexyad by Early Metrics – BIKER ANGEL Project selected for Government funding (FUI23) – Conference on Machine Learning organized by SNCF – Nexyad Paper at 1er European Conference on Connected and Automated Driving – Meeting Mov’eo, Systematic and Cap Digital – Nexyad has visited 6th “les Rencontres Flotauto” – Nexyad in Media – SafetyNex available on stores for testers (Apple and Google) – Groupement ADAS welcomed... [Lire la suite]

5 stars rating of NEXYAD by EARLY METRICS    The high-tech startup NEXYAD has been rated by the rating agency EARLY METRICS and is in the top 2%of all rated startups ever (81/100, five stars). NEXYAD is member of MOV'EO and member of the Groupement ADAS. NEXYAD has several high applied maths level algorithms/products : . SafetyNex (http://www.safetynex.net) : available on smartphones and soon into professional devices.  SafetyNex is a real time driving risk assessment telematics system and a vocal alert assistant... [Lire la suite]

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]