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]
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]