09 août 2017

ADAS Can Lead to Higher Auto Insurance Prices

ADAS Can Lead to Higher Auto Insurance Prices New cars with crash prevention technology and Advanced Driver Assistance Systems (ADAS) are causing auto insurance rates to rise dramatically, according to a Wall Street Journal article published April 3. The article explains that safety features such as autonomous braking, microprocessors and cameras are often located on parts of the car most prone to accidents, such as the bumper. And when these features need replacing, the cost can be five times what it would be without these... [Lire la suite]

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]
28 juillet 2017

How the advance of ADAS will force insurers to change their risk model

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]
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]
06 mai 2017

Google, Amazon eye car insurance

Google, Amazon eye car insurance The move into car insurance by tech giants - just when the industry faces the problem of a shrinking risk pool - was the topic du jour at a recent insurance industry gathering in Florida’s Boca Ratan. The conference delegates concluded that car technology and shared mobility is creating massive opportunities for disruptors to capture 20 per cent of the US$400 billion global car insurance market by 2020. Data analytics and consumer experience are key to the future of auto insurance, according to... [Lire la suite]
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03 mai 2017

Telematics trends in the UK

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]
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22 avril 2017

Telematics trends in the UK

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]
17 avril 2017

Newspapers write about the connected car solution for fleet and insurers : SafetyNex (by NEXYAD)

Newspapers write about the connected car solution for fleet and insurers : SafetyNex (by NEXYAD) BIKER ANGEL : le projet R&D collaboratif reçoit le financement du FUI – Régions Par Hello Finance Team (A.B.) -   14 avril 2017 Fin mars 2017, les Ministres chargés de la politique des pôles de compétitivité ont annoncé les résultats du 23ème appel à projets du Fonds Unique Interministériel (FUI) – Régions dédié au financement de projets des pôles de compétitivité. 55 projets de R&D collaboratifs associant... [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]
08 avril 2017

27% Would Buy Car Insurance from Apple, Amazon and Google

27% Would Buy Car Insurance from Apple, Amazon and Google 15. Mar, 2017 Categories: News, Weekly Roundup by News Desk Comments Off on 27% Would Buy Car Insurance from Apple, Amazon and Google Well known brands such as Apple, Amazon and Google make billions every year, but could they enter the car insurance market? Possibly… Some people in the UK would buy car insurance from them anyway, with 27% of people admitting in a recent survey that if Apple, Amazon, or Google offered them a policy, they... [Lire la suite]
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