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]

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... [Lire la suite]

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]

NEXYAD presentation at CONNECTED CAR INSURANCE in London NEWS : Last month, NEXYAD went to the congress CONNECTED CAR INSURANCE in London. NEXYAD shared a booth with the company INTEMPORA (as NEXYAD integrated INTEMPORA technologies into their products : see RT-MAPS).Those two hight-tech companies (NEXYAD and INTEMPORA are both members of the MOV'EO Groupement ADAS http://groupementadas.canalblog.com/). NEXYAD also made a speech to present their real time onboard risk assessment software modure SafetyNex (available on... [Lire la suite]

meet NEXYAD at Connected Car for Insurance Symposium 2016 in London : NEXYAD will present SafetyNex onboard module that compute a real RISK OF ACCIDENT (instead of trivial acceleration/braking-based estimators) :     To read more : http://www.tu-auto.com/connectedcar-insurance-eu/conference-speakers.php   ------------ Questions : sales@nexyad.net NEXYAD on Twitter : https://twitter.com/Nexyad_ADAS NEXYAD on Facebook : https://www.facebook.com/NexyadAutomotiveTransportation Official NEXYAD... [Lire la suite]

NEXYAD ROAD SAFETY ESTIMATION : RISK OF ACCIDENT IS NOT CORRELATED TO DRIVING STYLE Intuition let people presume that risk of accident may be correlated to driving style :  . brutal brakings could be interpreted as lack of anticipation : bad driver. quiet driving style could be interpreted as clever driving : good driver It was demonstrated that this intuition is WRONG. There are quiet dangerous drivers, and there are brutal safe drivers. The module SafetyNex, developed by the company NEXYAD shows how it works really, and... [Lire la suite]