03 janvier 2017

Can privacy concerns for insurance of connected cars be compensated?

Can privacy concerns for insurance of connected cars be compensated? Internet-of-things technologies enable service providers such as insurance companies to collect vast amounts of privacy-sensitive data on car drivers. This paper studies whether and how privacy concerns of car owners can be compensated by offering monetary benefits. We study the case of usage based car insurance services for which the insurance fee is adapted to measured mileage and driving behaviour. A conjoint experiment shows that consumers prefer their current... [Lire la suite]

02 janvier 2017

Connected car, automotive value chain unbound

Connected car, automotive value chain unbound The term “connected car”* is one of the most intensely debated buzzwords these days. There is no doubt that it will shape the future of the automotive industry, but how? Are consumers going to pay for it (and what is “it” anyway)? How will it impact the underlying revenue and profit pools? In addition, what will determine who will benefit from changes in automotive profit pools? These are the questions we often hear from clients in the automotive, telecoms, technology, and insurance... [Lire la suite]
01 janvier 2017

Groupement ADAS wishes you all a Happy New Year 2017

Groupement ADAS wishes you all a Happy New Year 2017 Groupement ADAS was created in the "pôle de compétitivité MOV'EO", in France. Its goal is to gather SMEs and medium sized companies involved in ADAS, connected car,  and driverless development : . products for car series. products for aftermarket series : car insurance, fleets, . smartphone Apps for drivers. products for research & development teams. studies and services : perception, data fusion, control, human factor, .... big data cloud platform for your... [Lire la suite]
26 décembre 2016

December Newsletter of NEXYAD : road safety, car insurance applications, modules for ADAS and Driverless

December Newsletter of NEXYAD : road safety, car insurance applications, modules for ADAS and Driverless Here is the new NEXYAD newsletter. Headlines : . Video demo of SafetyNex : real driving risk assessment – Cercle LAB Symposium : Laboratoire Assurance Banque – FinTech Community Symposium – New Release of SafetyNex : Real Time Driving Risk Assessment for Car Industry and Insurance Companies – Nexyad Technologies for Car Industry : SafetyNex – RoadNex – ObstaNex – VisiNex – R&D project BIKER ANGEL has been... [Lire la suite]
23 décembre 2016

NEXYAD ADAS : onboard with SafetyNex - Real time driving risk assessment and vocal alert BEFORE danger

NEXYAD ADAS : onboard with SafetyNex - Real time driving risk assessment and vocal alert BEFORE danger + risk profiles recording Here is the demo of SafetyNex, a smartphone App that estimates in real time driving risk, alerts the driver BEFORE danger (vocal alert), and records risk profiles and usage profiles with respect for driver's privacy (privacy by design).This disruptive real time App reduces accident rate by 20% (vocal alert BEFORE danger lets time to slow down and avoir accident) and reduces loss cost by 5%. User is coached... [Lire la suite]
18 décembre 2016

Driverless Cars Threaten to Crash Insurers’ Earnings

Driverless Cars Threaten to Crash Insurers’ Earnings The insurance industry has a $160 billion blind spot: the driverless car. Car insurers last year hauled in $200 billion of premiums, about a third of all premiums collected by the property-casualty industry. But as much as 80% of the intake could evaporate in coming decades, say some consultants, assuming crucial breakthroughs in driverless technology make driving safer and propel big changes in car ownership. As the threat approaches, U.S. insurance executives are spending... [Lire la suite]
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09 décembre 2016

The 7th od December 2016, NEXYAD has been labellized FinTech InsurTech by FINANCE INNOVATION

NEXYAD won the 7th Dec 2016, in Paris, the price of INSURANCE with the driving risk assesment smartphone App SafetyNex.SafetyNex is LABELIZED by the "pôle FINANCE INNOVATION" : FinTech InsurTech. NEXYAD was selected by a professional jury among talented startups of FINANCE INNOVATION. Reminder : the 30th Nov 2016, SafetyNex won the special prize 'coup de coeur" of the insurersduring the CERCLE LAB symposium.in June 2016, SafetyNex was selected by BMW (BMW Tech Date).NEXYAD is member of MOVEO, MOVEO Groupement ADAS, FINANCE... [Lire la suite]
26 novembre 2016

Evaluation of return on investment (ROI) with SafetyNex for a Car Insurance Company (onboard real time driving risk assessment)

Evaluation of return on investment (ROI) with SafetyNexfor a Car Insurance Company (onboard real time driving risk assessment) European and American car Insurance Companies are all currently testing onboard telematics systems (on professional electronics devices or on Smartphones), in order to study new opportunities provided by digital technologies in the evolution of their business and business models [1]. We also can see now some experiments in Asia. Indeed, digitization of the economy has an impact on insurance industry too,... [Lire la suite]
23 mai 2016

Autonomous driving levels 0 to 5: Understanding the differences

The National Highway Traffic Safety Administration defined five different levels for self-driving cars, ranging from complete driver control to complete autonomy. Here's a primer. : Between the buzz over self-driving cars at CES 2016 and the Obama administration's announcement to invest almost $4 billion in autonomous vehicle research over the next 10 years, the race to create the best self-driving car has never been hotter. And, the rise of self-driving cars is going to have a major impact on businesses and... [Lire la suite]
10 mai 2016

Connected car : Improving Risk Assessment Accuracy - The Motivation for Usage Based Insurance

Connected car : Improving Risk Assessment Accuracy - The Motivation for Usage Based Insurance With virtually every country requiring some form of insurance for automobile owners, drivers are constantly looking for ways to save money by lowering their monthly or annual premiums. When that search intersects with insurance companies’ desire to accurately assess individual customer’s risk to limit their liability exposure, the result is usage based insurance (UBI). With several different varieties of usage based insurance available, UBI... [Lire la suite]