17 mars 2018

The future of auto insurance

The future of auto insurance Driverless vehicles will be a reality in our digital lives, and the car insurance industry of the future will need to meet the challenge of this radical change Motor insurance stands on the cusp of momentous change. It is no exaggeration to say that by the end of the next decade it will be a fundamentally different industry from the one that has barely changed over recent generations. The 1980s revolution in direct insurance and the more recent arrival of comparison websites may have... [Lire la suite]
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22 septembre 2017

The New Auto Insurance Ecosystem: Telematics, Mobility and the Connected Car

The New Auto Insurance Ecosystem: Telematics, Mobility and the Connected Car With the increased use of mobile communications, the stage is set for property and casualty insurers to develop more meaningful and mutually beneficial relationships with policyholders. Nowhere is this more clear than in auto/motor insurance, where advances in machine-to-machine (M2M) communication, or telematics, are rippling across the marketplace, generating data to more precisely assess risk and reward for policyholders who adhere to safe driving... [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]
29 août 2016

NEWS issue (#11) of the NEXYAD newsletter : SafetyNex the driving force of NEXYAD onboard products

NEWS issue (#11) of the NEXYAD newsletter : SafetyNex the driving force of NEXYAD onboard products   Headlines : . NEXYAD invited to present SafetyNex on the BMW booth at the Mondial de l'Automobile. How could NEXYAD modules have helped avoiding TESLA fatal accident. White paper on telematics for auto insurance and focus on SafetyNex. new NEXYAD tool for ADAS validation using a scale model car NEXYAD is member of MOV'EO and of the MOVEO Groupement ADAS (see : http://groupementadas.canalblog.com/) Read the Issue #11 of... [Lire la suite]
23 juillet 2016

auto insurance companies : Disruptive approach for risk assessment using telematics that works

auto insurance companies : Disruptive approach for risk assessment using telematics that works A disruptive approach is now available for risk assessment using telematics that works : the smartphone App SafetyNex really estimates, in real time, the risk taken by the driver. Yet insurance companies are currently deploying this disruptive solution. SafetyNex has been selected by BMW (BMW tech date challenge)   SafetyNex will be able to monitor driverless car risk too. Read more... [Lire la suite]
17 juillet 2016

The New Auto Insurance Ecosystem: Telematics, Mobility and the Connected Car

The New Auto Insurance Ecosystem: Telematics, Mobility and the Connected Car Insurers and auto manufacturers worldwide have set their focus on telematics as the next wave of creating deeper customer relationships, resulting in a convergence of new business models for the connected lifestyle. Executive Summary With the increased use of mobile communications, the stage is set for property and casualty insurers to develop more meaningful and mutually beneficial relationships with policyholders. Nowhere is this more clear than in... [Lire la suite]

25 mars 2016

Self-Driving Cars and Insurance

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]
05 juin 2015

Why bad driving will be eliminated by 2020 - and car insurance costs will plummet

Car insurance premiums could be just a fraction of current levels in five years’ time as driverless vehicles are expected to “eliminate bad driving” by 2020. Car insurance premiums could be just a fraction of current levels in five years’ time as driverless vehicles are expected to “eliminate bad driving” by 2020. Deaths and injuries caused by accidents are expected to virtually disappear and whiplash claims and car park disputes, which together account for 94pc of all insurance claims and cost insurers almost £3bn a year,... [Lire la suite]
05 janvier 2015

Will Google become Google Insurance?

As we know, Google is developing a driverless car – and has been for several years. Knowing that Google is slowly working its way into just about everything in our lives, we’re wondering … could Google be working on driverless car insurance for their driverless car? Not so fast, says Rory Joyce with CoverHound.com. Joyce has come up with three very strong reasons why Google will not be offering auto insurance in the future. Why? High opportunity cost since Google would cannibalize their costs per click and, thus, their earnings; ... [Lire la suite]
14 novembre 2014

Lloyds Insurance Report: Overcoming obstacles for driverless cars

As well as the technical obstacles that are quickly being eliminated by manufacturers of self-driving cars, there are a few potential barriers that will delay the deployment or growth of self-driving cars, just as the ‘Red-Flag Act’ did in the 19th Century. One such obstacle is Insurance Liability. Lloyd’s of London, the insurance underwriter, has recently produced a report about how autonomous car technology will affect the insurance industry.According to the report, insurance companies will have to create new methodologies on how... [Lire la suite]