24 avril 2019

AI in Auto Insurance – Current Applications

AI in Auto Insurance – Current Applications KPMG estimated the size of the automotive insurance is expected to shrink by 70% due to the rise in demand for autonomous cars and the shift in liability then being placed on the car manufacturer. With the rise of AI in most sectors, it follows that AI would find its way into the automotive insurance world. AI may allow car insurance companies to keep up with an evolving consumer base that is looking for faster service, faster payouts, and policy prices... [Lire la suite]

18 avril 2019

INDIA : Telematics-based insurance takes a big hit due to lack of data protection, IRDA’s fixed pricing laws

INDIA : Telematics-based insurance takes a big hit due to lack of data protection, IRDA’s fixed pricing laws Bengaluru: Online insurance start-ups, which are trying to use customer data from vehicle trackers and wearable devices, have hit a blockade due to lack of regulatory oversight on premium pricing and data protection. Currently, insurers operating in the motor insurance segment depend on vehicular data, such as engine displacement, capacity of the vehicle, miles driven and age of the vehicle, to price premiums. Despite... [Lire la suite]
02 avril 2019

CEO OF NEXYAD WAS A SPEAKER AT THE PARIS CHALLENGEr STARTUP & INNOVATION SUMMIT ON AI (ARTIFICIAL INTELLIGENCE)

CEO OF NEXYAD WAS A SPEAKER AT THE PARIS CHALLENGEr STARTUP & INNOVATION SUMMIT ON AI (ARTIFICIAL INTELLIGENCE) NEXYAD was pleased to participate to this summit on Artificial Intelligence. We could explain how our Artificial Intelligence -based software component SafetyNex is now Embedded in many products worldwide and how it transforms industry (aftermarket for telematics - fleets & insurance -, new vehicles - cockpit and AD systems ). We also explained how such a module, via a reward system, can be used by B2C mass market... [Lire la suite]
12 mars 2019

TELEMATICS – A GAME-CHANGER IN ROAD SAFETY

TELEMATICS – A GAME-CHANGER IN ROAD SAFETY It’s no longer a secret that telematics is one of the biggest game changers in the way insurance industry functions. Telling someone to drive safely is quite meaningless, if without specifics. With telematics, insurance companies can now actually show drivers the way they operate their vehicles and what specifically they should do to improve their driving habits. Telematics enables insurance companies to monitor vehicles and their drivers. Cars fitted with telematics identify inefficient... [Lire la suite]
11 janvier 2019

What is Connected Car Insurance? | Insurance Telematics

What is Connected Car Insurance? | Insurance Telematics Encourage Safer, Smarter and Greener Driving Behavior What is Connected Car Insurance?  Connected car insurance is a technology-driven automobile insurance leveraging the Internet of Things (IoT) whereby insurance premiums are dependent on driver behavior. Connected car insurance programs are intended to reward and promote safer and smarter driving behavior, while enabling auto insurance customers to receive potential discounts and savings to their monthly premiums based... [Lire la suite]
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