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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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]