12 novembre 2018

Why insurance companies want your telematics data

Why insurance companies want your telematics data MISSISSAUGA, Ont. -- Insurance companies love data. They really do. And they’re very good at analyzing and interpreting data. So, it should come as little surprise that insurance providers are looking for ways to tap into the telematics... MISSISSAUGA, Ont. — Insurance companies love data. They really do. And they’re very good at analyzing and interpreting data. So, it should come as little surprise that insurance providers are looking for ways to tap into the telematics data being... [Lire la suite]
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02 novembre 2018

Commercial Auto Insurance Trends in 2018

Commercial Auto Insurance Trends in 2018 Over the past few years, commercial auto losses have created challenges for businesses with fleet exposures. In 2016, the combined ratio for commercial auto reached a 15-year high of 110.4 percent according to Fitch Ratings. Here, we’ll look at key trends in what’s behind the losses and actions commercial auto policyholders can take to better manage on-the-road risks. An uptick in commercial auto claims costs stems from both claim frequency and severity. Key factors driving these... [Lire la suite]
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19 septembre 2018

NEXYAD real time driving risk assessment for ADAS, Autonomous Driving, Car Insurance, and Fleet Management at INTEMPORA TECHDAY

NEXYAD real time driving risk assessment for ADAS, Autonomous Driving, Car Insurance, and Fleet Management at INTEMPORA TECHDAY This congress organized by INTEMPORA was impressive and gathered the French community of ADAS and Autonomous Driving around demos and presentations. Congrats to INTEMPORA. The technology SafetyNex (real time driving risk assesment algorithm developed by NEXYAD) was truely appreciated and we could discuss about applications. The MOVEO Groupement ADAS made good présentations too. This was a good congress... [Lire la suite]
17 septembre 2018

Get your car insured with ADAS

Get your car insured with ADAS Accidents on roads – Can technology minimise this? Technology is one of the key enablers of growth in the automotive industry today. Consumers are slowly demanding more technology within their cars to not only enhance their driving experience but also to secure their cars.Security technology has slowly emerged as a key factor, driving the sales of automotive industry today. According to reports, over 1. 25 million people were killed in road accidents in 2010 alone, which is more than the number of... [Lire la suite]
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29 août 2018

ADAS technology contributes to 32% rise in vehicle repair costs

ADAS technology contributes to 32% rise in vehicle repair costs Thatcham has formed a working group with vehicle manufacturers to urgently address spiralling repair costs associated with collision avoidance advanced driver assistance systems (ADAS). According to statistics from the Association of British Insurers (ABI) from Q3 2016, average vehicle bills have increased by 32% over the last three years to £1,678. Andrew Miller, Thatcham chief technology officer, said that while ADAS may not account for the entire increase, it is... [Lire la suite]
11 août 2018

Connected Car Insurance USA

Connected Car Insurance USA Where the connected, shared, on-demand & autonomous vehicle meets auto insurance. By: Risk Central When: September 5 -6, 2018 Where:Marriott Downtown, Chicago, IL What You’ll Learn at the Conference The Connected Car Insurance USA Conference & Exhibition is the annual meeting place for insurance and technology executives in the automotive industry. Over 500 senior level attendees will gather to understand how insurance will be impacted by rapidly developing automotive... [Lire la suite]
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23 juillet 2018

Why Safe Drivers Aren't Always Charged The Lowest Car Insurance Rates

Why Safe Drivers Aren't Always Charged The Lowest Car Insurance Rates This is almost like dispelling an urban myth, only it’s about car insurance. Specifically, it’s the notion that "safe" drivers – those having unblemished driving records – always pay lower premiums than accident-prone motorists. In fact just the opposite can be true among poorer and less-educated drivers, according to a recent investigation of car-insurance policy pricing conducted by the Consumer Federation of America in Washington, D.C. After... [Lire la suite]
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07 juin 2018

What connected car CEOs think about the insurance industry

What connected car CEOs think about the insurance industry * The Canadian insurtech space might not be as developed as it is in the US or Europe yet, but connected car companies are already making an impact on the industry as they begin to establish relationships with insurers. Leaders from three of these companies spoke at the most recent insurtech event held at Aviva Canada's Digital Garage, and spoke to Insurance Business about how they see their products integrating with auto insurance offerings in the very near future. ... [Lire la suite]
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11 mai 2018

Digital disruption in insurance: Cutting through the noise

Digital disruption in insurance: Cutting through the noise Facing digital reality Regulation, product complexity, and insurers’ large balance sheets have kept digital attackers from insurers’ gates. That is changing, but in ways incumbents should embrace. They can flourish in the digital age—if they move swiftly and decisively. Digital technology destroys value. That might sound counterintuitive given the extent to which it can make business systems more efficient—and companies are urged to embrace its many possibilities. Yet new... [Lire la suite]
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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]