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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27 mars 2017

How will Google, Apple shake up car insurance industry ?

How will Google, Apple shake up car insurance industry ?    ar insurance industry, meet potential disrupters Google and Apple. Currently, nearly all mainstream insurers that offer driver-monitoring programs use relatively expensive devices that plug into a portal under the dashboard. Usage-based insurance programs, also called telematics, are a small but growing segment of the auto insurance business. Developing Android and iPhone smartphone apps, in contrast, would cut carriers' upfront costs... [Lire la suite]
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09 mars 2017

The New Paradigm of Connected Insurance

The New Paradigm of Connected Insurance Connected insurance represents a new paradigm for the insurance business. This new insurance approach is based on the use of sensors for collecting and transmitting data on the status of an insured risk and the deployment of big data capabilities that transform raw information into actionable knowledge along the insurance value chain. The insurance sector, which is considered to be fairly traditional and resistant to change, is currently being overtaken by this transformative paradigm.... [Lire la suite]
02 mars 2017

Can Amazon Dominate in Car Insurance, Too?

Can Amazon Dominate in Car Insurance, Too? In January 2013, LIMRA reported that 90% of industry executives it had surveyed believe that insurance companies will continue to form strategic alliances with “non-traditional organizations” to expand distribution. The example cited was MetLife’s trial alliance with 200 Wal-Mart stores. Then Accenture’s “Customer-Driven Innovation Survey” found that more than two-thirds of customers would consider purchasing home, auto and life insurance from businesses other than insurers—23% were open... [Lire la suite]
26 février 2017

Deep changes in the business of car insurance. Contribution of smartphone App SafetyNex in this global context

Deep changes in the business of car insurance. Contribution of smartphone App SafetyNex in this global context 1 - Role of the insurer The insurance idea would have appeared on the occasion of the first great journey by boat, and the appearance of "modern" insurance is generally dated from the 19th century. The principle of insurance is easy to understand : if accidents are rare (compared to the number of occurrences - travel, car trips, etc.), a simple and prudent idea then is to "put aside" a certain amount of money for each... [Lire la suite]
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19 février 2017

IoT Insurance: Trends in Home, Life & Auto Insurance Industries

IoT Insurance: Trends in Home, Life & Auto Insurance Industries IoT in Auto Insurance Many auto insurance companies are starting to use the IoT, largely through connected cars, to track drivers' habits in real time. This practice has become known as usage-based insurance (UBI) and has surged in popularity in the last two years. According to a 2015 Nielsen survey, 20% of U.S. households took part in a UBI plan, up from 13% in 2014. BI Intelligence expects 35% of insured U.S. drivers to test one of these policies in 2021. By... [Lire la suite]

03 février 2017

SafetyNex, a SmartPhone App that revolutionizes the automotive world

SafetyNex, a SmartPhone App that revolutionizes the automotive world : smart vehicle, car insurance, fleet management, digital App for retail Nudge SafetyNex is a smartphone application developed and marketed by NEXYAD and which reduces by 20% the number of road accidents [1]. This application is of direct interest to many application targets. 1 - Driver NEXYAD is convinced that the applications of vehicle telematics must first target. Driver’s satisfaction, and not only businesses that live of the automobile. It is a strong value... [Lire la suite]
31 janvier 2017

NEXYAD invited at the round table of FLEET MANAGEMENT conference

NEXYAD invited at the round table of FLEET MANAGEMENT conference   NEXYAD could discuss with all the other invited speakers about telematics, connected car, and adas/driverless in the future,and focused of the new disruptive real time driving risk assessment smartphone App SafetyNex, for car insurance and fleets. NEXYAD is member of the Groupement ADAS of MOV'EO Read more : http://nexyad.net/Automotive-Transportation/?p=3569
29 janvier 2017

SMARTPHONE APP SafetyNex COULD REDUCE ACCIDENT RATE BY 20%

SMARTPHONE APP SafetyNex COULD REDUCE ACCIDENT RATE BY 20%   I - ONBOARD TELEMATICS AND AUTO INSURANCE : REMINDER Onboard telematics now can measure behavior of a driver, and therefore, car insurers have early started this adventure of connected car, more or less successfully. The simplest applications that have been deployed are: . locate stolen vehicles . measure the usage of the driver, and in particular the number of kilometers traveled in order to propose adaptive pricing (vehicle that always stays in a garage will never have... [Lire la suite]
27 janvier 2017

Shifting gears: Insurers adjust for connected-car ecosystems

Shifting gears: Insurers adjust for connected-car ecosystems As the number of applications grows, a strong ecosystem is forming around the connected car, involving a range of participants—among them automakers, insurance companies, telecommunications firms, sensor and chip manufacturers, and digital-platform giants like Amazon and Uber, as well as academic institutions and standards-making bodies. The rise of this ecosystem is changing the competitive landscape for all participants, especially for companies in the insurance industry.... [Lire la suite]