02 août 2017

What is driving risk and why most apps DO NOT measure it although they seem to be interesting

What is driving risk and why most apps DO NOT measure it although they seem to be interesting Driving risk assessment is now of interest of : . telematics solutions providers . fleet managers (for prevention) . car insurers (for prevention, and UBI) A lot of applications then explain how they estimate driving risk. But, by the way, what is driving risk ? A lot of people seem to think that driving risk and accident are quite the same. If I observe accident, then I will learn and do stats and find a way to estimate driving risk.... [Lire la suite]

01 août 2017

The Future Trends of Usage Based Insurance and Telematics

The Future Trends of Usage Based Insurance and Telematics 3 Reasons Usage Based Insurance is Driving Global Telematics Market Growth It’s not hard to understand and forecast why usage based insurance (UBI) — otherwise known as behaviour-based insurance or pay-as-you-drive (PAYD) — is becoming popular among North American drivers and rest of the world. With improved governmental regulations and technology market penetration the industry estimates the automotive telematics market is expected to grow at a CAGR of 23 –... [Lire la suite]
Posté par NEXYAD à 06:07 - - Commentaires [0] - Permalien [#]
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30 juin 2017

The Future Of Car Insurance: Digital, Predictive And Usage-Based

The Future Of Car Insurance: Digital, Predictive And Usage-Based Imagine shopping for your next car insurance and the car company offers an insurance that connects a black box, dongle or a mobile phone app, which tracks how you drive, and saves you up to 30 percent on premiums. This, in essence, is the future of connected car insurance, also called usage-based car insurance (UBI), whereby based on how you drive, when you drive and where you drive, you will receive a competitive quote if you are what the technology deems a ‘safe... [Lire la suite]
16 juin 2017

NEXYAD member of Groupement ADAS interviewed in MOV'EO Imagine Mobility days

NEXYAD member of Groupement ADAS interviewed in MOV'EO Imagine Mobility days NEXYAD presented the Road safety ADAS SafetyNex : a smartphone App that alerts the driver before danger, letting time to slow down and avoid accident. SafetyNex can then reduce accident rate by 20%. SafetyNex may also be used for automatic braking (anticipation braking) before dangerous area (ex : priority to the right) : the first intelligent ACC with anticipation to avoid accident. SafetyNex also records risk profiles for fleets managers and car... [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]
22 mars 2017

5 stars rating of NEXYAD by EARLY METRICS

5 stars rating of NEXYAD by EARLY METRICS    The high-tech startup NEXYAD has been rated by the rating agency EARLY METRICS and is in the top 2%of all rated startups ever (81/100, five stars). NEXYAD is member of MOV'EO and member of the Groupement ADAS. NEXYAD has several high applied maths level algorithms/products : . SafetyNex (http://www.safetynex.net) : available on smartphones and soon into professional devices.  SafetyNex is a real time driving risk assessment telematics system and a vocal alert assistant... [Lire la suite]

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]
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]
Posté par NEXYAD à 06:43 - - Commentaires [0] - Permalien [#]
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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]
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]