01 octobre 2017

Turbulence ahead The future of general insurance

Turbulence ahead The future of general insurance General insurance, it will surprise no one to hear, is a risk-averse business. The resulting lag in innovation has led to a growing gap between customer expectations and insurers’ ability to fulfill them. The industry is now ripe for disruption. In the report Deloitte developed with The Forum, we made a bold prediction about insurance: • While retail banking will experience the most imminent effect of disruption, the greatest impact of disruption is likely to be felt in the insurance... [Lire la suite]

21 septembre 2017

Are Driverless Cars An Auto Insurance Train Wreck?

Are Driverless Cars An Auto Insurance Train Wreck? Auto Insurers May Welcome Autonomous Cars as Accident Rates Fall Autonomous cars won’t eliminate auto-insurance premiums, even if they prove safer than human drivers, since accidents aren’t the only risk vehicles face. Auto fatalities are down 23% from 2006 to 2013, even as premiums climbed 9.8% to $186 billion and underwriting margins fell to negative 1.1% from 6.1%. Like other vehicles, autonomous cars would face perils such as storms and misuse, while complex liability... [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]
26 août 2017

The future of motor insurance : How car connectivity and ADAS are impacting the market

The future of motor insurance : How car connectivity and ADAS are impacting the market (A joint whitepaper by HERE and Swiss RE) For the automotive industry, relatively little has changed over the past three decades – until now. New driver assistance technologies and connected services are ushering in a whole new world of mo - toring. In this new world, the driver hands over ever greater responsibility for his or her driving decisions to the vehicle. On the road today there are already cars with advanced driver assistance systems... [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]
Posté par NEXYAD à 05:48 - - Commentaires [0] - Permalien [#]
Tags : , , , , ,
19 août 2017

The future of motor insurance : How car connectivity and ADAS are impacting the market

The future of motor insurance : How car connectivity and ADAS are impacting the market For the automotive industry, relatively little has changed over the past three decades – until now. New driver assistance technologies and connected services are ushering in a whole new world of mo - toring. In this new world, the driver hands over ever greater responsibility for his or her driving decisions to the vehicle. On the road today there are already cars with advanced driver assistance systems (ADAS) such as lane-keeping assist or... [Lire la suite]

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]