16 mars 2018

UBI creates chance for insurers to partner with automakers

UBI creates chance for insurers to partner with automakers Lots of new cars now come equipped with connected features or advanced driver-assisted systems (ADAS) – and this is changing the way auto insurers handle policies.Traditionally, auto insurance policies have been based on driver characteristics like demographics, personal information and history. With the emergence of usage-based insurance (UBI), insurers have started to incorporate driving behavior data such as speed, hard braking and other contextual factors.As... [Lire la suite]

24 janvier 2018

Connected car / Telematics : use case of a car insurer that deploys SafetyNex

Connected car / Telematics : use case of a car insurer that deploys SafetyNex Car insurers are interested in : . prevention : reducing accident rate is a real need, all accident, and particulary those that lead to personal injuries . data : SafetyNex records risk profiles and usafe profiles Here is a short video that shows how a car insurer can use and take benefits of SafetyNex deployment : SafetyNex episode 3 : The Car Insurer's Choice
11 janvier 2018

The Future Of Car Insurance: Digital, Predictive And Usage-Based

The Future Of Car Insurance: Digital, Predictive And Usage-Based Imagine shopping for your next car insurance and the car company offers an insurance that connects a black box, dongle or a mobile phone app, which tracks how you drive, and saves you up to 30 percent on premiums. This, in essence, is the future of connected car insurance, also called usage-based car insurance (UBI), whereby based on how you drive, when you drive and where you drive, you will receive a competitive quote if you are what the technology deems a ‘safe... [Lire la suite]
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12 décembre 2017

SafetyNex (real time driving risk assessment smartphone App) can alert driver before danger and then reduce accident rate by 20%

SafetyNex (real time driving risk assessment smartphone App) can alert driver before danger and then reduce accident rate by 20% The company NEXYAD recently launched their smartphone App SafetyNex. SafetyNex analyses driving behaviour in real time and estimates the degree of adequation of this driving behaviour to road context. In the low cost implementation, context is only the road infrastructure configuration : distances, curves, intersections, functionalities of infrastructure (pedestrian crossing, school, ...) and traffic signs... [Lire la suite]
19 septembre 2017

Course Academic Chair : collaboration between MOVEO Groupement ADAS and INSA Rouen

Course Academic Chair : collaboration between MOVEO Groupement ADAS and INSA Rouen Groupement ADAS startups and SMEs send their expert to INSA Rouen to teach industrial ADAS aspects to future engineers of INSA Rouen Here is Gerard YAHIAOUI, CEO of NEXYAD, presenting 4 ADAS software modules (perception of the environment, and risk estimation) and focusing on the notion of real time risk assessment for car mobility, and all the applications (presentation of the module SafetyNex) : . insurance and fleets prevention programs, and UBI ... [Lire la suite]
04 septembre 2017

ADAS already proving the UBI case

ADAS already proving the UBI case Technology’s role in insurance data gathering, explored by Robert Gray. ADAS features are becoming more commonplace on new vehicles rolling off production lines and while the systems function to help drivers navigate more safely, it’s unclear just how much visibility insurance carriers have on the performance of these next generation enhancements. “Most insurers are happy to give discounts for new features that are proven to reduce their costs but when systems are new such as many ADAS options,... [Lire la suite]

23 août 2017

What is diving risk : key notion for car insurance (prevention, UBI), fleet management, and ADAS

What is diving risk : key notion for car insurance (prevention, UBI), fleet management, and ADAS The French High-Tech startup NEXYAD has been developing a disruptive software API that estimates driving risk in real time : SafetyNex  But to understand what driving is, it is important to watch the three following anime videos : indeed, you can see 3 driving situations and above the car, you can see the risk estimated by SafetyNex (NEXYAD).  unlucky risky driver :  Lucky risky driver : Cautious driver : Note :... [Lire la suite]
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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]
01 août 2017

The Future Trends of Usage Based Insurance and Telematics

The Future Trends of Usage Based Insurance and Telematics 3 Reasons Usage Based Insurance is Driving Global Telematics Market Growth It’s not hard to understand and forecast why usage based insurance (UBI) — otherwise known as behaviour-based insurance or pay-as-you-drive (PAYD) — is becoming popular among North American drivers and rest of the world. With improved governmental regulations and technology market penetration the industry estimates the automotive telematics market is expected to grow at a CAGR of 23 –... [Lire la suite]
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30 juin 2017

The Future Of Car Insurance: Digital, Predictive And Usage-Based

The Future Of Car Insurance: Digital, Predictive And Usage-Based Imagine shopping for your next car insurance and the car company offers an insurance that connects a black box, dongle or a mobile phone app, which tracks how you drive, and saves you up to 30 percent on premiums. This, in essence, is the future of connected car insurance, also called usage-based car insurance (UBI), whereby based on how you drive, when you drive and where you drive, you will receive a competitive quote if you are what the technology deems a ‘safe... [Lire la suite]