17 mai 2020

How smart tech could lower car insurance premiums

How smart tech could lower car insurance premiums Vehicles equipped with Advanced Driver Assistance Systems (ADAS) come with features such as lane departure warning, active park distance control and sensors to slow or stop vehicles in order to avoid a collision.  This technology has the potential to reduce motor accident frequencies up to 25% and cut car insurance premiums by USD 20 billion by 2020, according to research by Swiss Re and HERE. However, insurers must collaborate with motor manufacturers if they want to access... [Lire la suite]
Posté par NEXYAD à 00:43 - - Commentaires [0] - Permalien [#]
Tags : , , , ,

10 mai 2020

Usage based share of insurance (UBI) penetration by number of policies in Italy, the United Kingdom (UK) and Europe as of 2018

Usage based share of insurance (UBI) penetration by number of policies in Italy, the United Kingdom (UK) and Europe as of 2018 This statistic displays the market penetration of the telematics, otherwise known as usage based insurance (UBI) in Italy, the United Kingdom (UK) and Europe as of 2018. Overall the market penetration of usage based insurance in Europe was two percent as of 2018.   Read more: https://www.statista.com/statistics/888342/telematic-insurance-penetration-in-europe-by-country/#statisticContainer
25 avril 2020

Why Usage based Insurance (UBI) should be offered by Indian Insurance companies?

Why Usage based Insurance (UBI) should be offered by Indian Insurance companies? Usage-Based Insurance (UBI) is an innovative system of assurance that aligns driving behaviour with premium rates for vehicle insurance. Mileage and driving behaviours are tracked using telematics devices that are installed in a vehicle or have already been integrated during manufacturing.The basic idea of integrating telematics with vehicle insurance is to get driver's behaviour monitored directly in real time. These telematics devices measure a number... [Lire la suite]
Posté par NEXYAD à 00:00 - - Commentaires [0] - Permalien [#]
Tags : , , ,
17 avril 2020

Understanding Usage-Based Insurance

Understanding Usage-Based Insurance Many consumers are familiar with the phrase “try before you buy.” Now auto insurers are employing “pay for how you drive.” It’s called usage-based insurance (UBI) or telematics which means the auto insurer monitors your driving behavior and uses that information to determine your rates. The National Association of Insurance Commissioners (NAIC) offers this guide to help you understand this new type of coverage. What is UBI? Usage-based insurance (UBI), also known as telematics, works by tracking... [Lire la suite]
Posté par NEXYAD à 00:05 - - Commentaires [0] - Permalien [#]
Tags : , ,
02 février 2020

Is it Time for Usage-Based Insurance for Vehicles in Indian Market? A Critical Analysis

Is it Time for Usage-Based Insurance for Vehicles in Indian Market? A Critical Analysis Most car owners in the current state of the market are content with buying the simple third-party insurance or a comprehensive insurance that covers damage to the vehicle, usually with a significant number of exclusions. Most new types of cover are not yet known to many consumers, or those policyholders who tend to go ahead with the traditional means of insuring a vehicle. In fact we could go so far as to say there... [Lire la suite]
Posté par NEXYAD à 00:37 - - Commentaires [0] - Permalien [#]
Tags : , , ,
01 décembre 2019

INDONESIA MOTOR INSURANCE MARKET - GROWTH, TRENDS, AND FORECAST (2019 - 2024)

INDONESIA MOTOR INSURANCE MARKET - GROWTH, TRENDS, AND FORECAST (2019 - 2024) Indonesia Motor Insurance Market The Indonesia Motor Insurance Market is expected to register a CAGR of 5.3% over the forecast period 2019-2024. The Indonesian non-life insurance market reported a turnover of 69.9 trillion IDR (4.8 billion USD) in 2018, an increase of 9.8% than 2017. The motor insurance has amounted 18.67 trillion IDR (1.2 billion USD) premiums in 2018 with a significant market share of 29% in the overall non-life sector. The growth... [Lire la suite]
Posté par NEXYAD à 00:36 - - Commentaires [0] - Permalien [#]
Tags : , ,

23 octobre 2019

Swiss Re and Pioneer to launch innovative telematics solution for insurers

Swiss Re and Pioneer to launch innovative telematics solution for insurers Swiss Re and Pioneer have co-developed first-of-its-kind telematics solution, to be included in Swiss Re's telematics suite Thanks to this partnership, Swiss Re's telematics suite will include real-time driver warnings and claims-related services, including crash detection The innovative solution will be launched early next year, following market demand Swiss Re's telematics app Coloride is already one of the most technically advanced and... [Lire la suite]
Posté par NEXYAD à 00:28 - - Commentaires [0] - Permalien [#]
Tags : , , , , , ,
24 septembre 2019

How Much Can Telematics Help India Save on Car Insurance Costs?

How Much Can Telematics Help India Save on Car Insurance Costs? Data and connectivity are fast becoming the currency and profit of the future. Organisations who can move fast will achieve competitive advantage in pricing and in processes. They will be able to use analytics and motor telematics programmes beyond just customer attraction, and deliver highly-valuable insurance products that attract the best risks, and mitigate against the worst risks. As insurance markets worldwide mature, they tend to progress from asset-based risk... [Lire la suite]
29 juin 2019

NEXYAD CEO conference of Artificial Intelligence for Insurance and Fleet Telematics at MEETUP organized in DUNASYS location

NEXYAD CEO conference of Artificial Intelligence for Insurance and Fleet Telematics at MEETUP organized in DUNASYS location NEXYAD CEO presented the Artificial Intelligence based module SafetyNex that computes at each moment the driving risk that the driver is currently taking. This risk can be used for : . alerting human driver with anticipation, letting time to slow down slightly and avoid emergency situation : this solution reduces accident rate by 20% . alerting the AD-system of Autonomous Car that will servo-control its... [Lire la suite]
Posté par NEXYAD à 00:40 - - Commentaires [0] - Permalien [#]
Tags : , , , , , ,
19 juin 2019

The future of motor insurance

The future of motor insurance 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 emergency braking that are edging us closer to an autonomous... [Lire la suite]