30 novembre 2016

Return On Investment (ROI) for a car insurance company using onboard telematics

Return On Investment (ROI) for a car insurance company using onboard telematics A lot of car insurance companies now start Proofs Of Concepts (POCs) with onboard telematics. The idea is to apply digital new capabilities to find new business models for car insurance. We present a completely disruptive vision and telematics solution (SafetyNex) that first proposes to increase margin of car insurer, and then second, allows to use UBI (Usage Based Insurance) solutions such as Pays As You Drive and Pay How You Drive. Read... [Lire la suite]

13 novembre 2016

ADAS Morning : presentation of real time onboard risk assessment smartphone App SafetyNex by the CEO of NEXYAD

ADAS Morning : presentation of real time onboard risk assessment smartphone App SafetyNex by the CEO of NEXYAD The CEO of NEXYAD presented at the ADAS Morning Synposium in Paris (organized by MOVEO) the smartphone App SafetyNex that reduces accident rate by 20% and that records risk profiles for Insurance companies. This smaprtphone App is relevant both for the driver (real time alert that lets the driver slow down and keep safe in dangerous situations), and the insurance company (that gets a "real" risk assessment : risk... [Lire la suite]
18 septembre 2016

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... [Lire la suite]
01 septembre 2016

Onboard measurement of risk of accident with SafetyNex (real time risk assessment) : Application to prevention & auto insurance

Onboard measurement of risk of accident with SafetyNex (real time risk assessment) : Application to prevention, auto insurance pricing, respecting privacy of driver  1 – Introduction Onboard telematics, smart phones, connected devices, are now in use to monitor driver’s behaviour : habits, way of driving, etc ... Many organizations are interested to collect, use and monetize those data, and one of the key questions is about the driver, privacy and choice to share data, and also his interest: What will he/she get in return... [Lire la suite]
16 février 2016

Some insurance companies gave up measuring driver behaviour : Nexyad explains why their settings are ineffective

Some insurance companies gave up measuring driver behaviour :Nexyad explains why their settings are ineffective According to the newspaper ‘Les Echos”, AG Insurance gave up linking driving behavior to accident. For eight months, the insurer has equipped the car of staff members with “smartbox”. Verdict? Nah, nothing interesting linkable to driving style !In 2014, the bank insurer KBC had reached the same conclusion after a test conducted with 150 employees, whose car was equipped with a device provided by TomTom. ”   Read... [Lire la suite]
25 janvier 2016

What Is a Telematics Device?

What Is a Telematics Device?   If you're a responsible driver, using a telematics device provided by your insurance company could be a great way to save since some companies offer a discount on your insurance for safe driving habits. If you're not sure what a telematics device is or what it does, read on for some handy information. A telematics device is generally a system that you install in your car that records information about your driving habits, such as the number of miles you drive, your speed, and how... [Lire la suite]

13 janvier 2016

NEXYAD ADAS : In-Car Sensors Put Insurers In The Driver's Seat

JUN 27, 2014 @ 12:34 PM 7,918 VIEWS In-Car Sensors Put Insurers In The Driver's Seat By Teresa Meek Jeff Branson, the police chief of Mattoon, Ill., has been tracking a lead-footed driver for nearly two years. A couple of times, he’s caught the guy doing 70 in a 55. He’s confiscated the vehicle twice but never issued a ticket. The speed demon just happens to be his 18-year-old son Chase. Branson monitors his son’s driving habits with a device provided by auto insurance provider State Farm that plugs into the car’s data... [Lire la suite]
16 décembre 2015

Some drivers are quiet but still dangerous (in a road safety point of view)

Some drivers are quiet but still dangerous (in a road safety point of view) : Most people think that brutal drivers (strong braking, etc ...) are dangerous. The hypothesis is that they do not anticipate enough and then they areled to brake very strongly. Many Insurance Companies developped their own onboard "dirving style" estimation that scores this kind of hypothesis. Unfortunately, this idea (that seems to be logical) is not validated by facts : there are brutal drivers that are not dangerous, and there are quiet driversthat are... [Lire la suite]
11 décembre 2015

NEXYAD ADAS : onboard connected system for responsible driving estimation (eco and safe driving)

NEXYAD proposes a new connected onboard system that measures driving behaviour signature : SafetyNex developed by NEXYAD is used with EcoGyzer (developed by NOMADIC Solutions), in order to plot this signature. A responsable driver is as most Eco as he/she can and always safe (road safety is not an option at all). This application leads to behaiour diagrams :  Road safety and Ecodriving are two completely different ideas that are not correlated : the 4 combination exist : . safe and non eco. eco and non safe. eco and safe.... [Lire la suite]
28 novembre 2015

NEXYAD ADAS : comparison of 4 driving behaviours using SafetyNex and EcoGyzer

Advanced Driver Assistance Systems are a nex field of development and economic growth in the automotive sector. Many tools are under construction in order to prevent the driver from many mistakes that may lead to accidents. This even might lead in certain condition to autonomous driving (driving delegation). Insurance companies are interested in such systems.  Especially those who want to implement an efficient "pay how you drive"tarification/pricing. NEXYAD developed an onboard module (called SafetyNex) that scores road... [Lire la suite]