Achieving of real time risk assessment in car telematics with Safetynex

NEXYAD Automotive & Transportation Newsletter #16, April 11th, 2017

 


Achieving of real time risk assessment in car telematics with Safetynex



Headlines :

– New Rating of Nexyad by Early Metrics

– BIKER ANGEL Project selected for Government funding (FUI23)

– Conference on Machine Learning organized by SNCF

– Nexyad Paper at 1er European Conference on Connected and Automated Driving

– Meeting Mov’eo, Systematic and Cap Digital

– Nexyad has visited 6th « les Rencontres Flotauto »

– Nexyad in Media

– SafetyNex available on stores for testers (Apple and Google)

– Groupement ADAS welcomed New Member NIT New Imaging Technologies

– Articifial Vision Products of Nexyad

* * * * *

New Rating of Nexyad by Early Metrics

NEXYAD has just been rated again by the rating agency Early Metrics and got the score of 81/100 which puts us in the top 2% of companies rated by Early Metrics. This rating is primarily for investors.

Early Metrics is an European rating agency of startups and SMEs.

Nexyad 5 stars rating by Early Metrics


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BIKER ANGEL Project selected for Government funding (FUI23)

The FUI23 French collaborative research program published the list of projects that are approved : The project BIKER ANGEL (adaptation of the real time driving risk assessment module SafetyNex to motorbikes) is selected !
Biker Angel Project led by NEXYAD was already labelised by Competitiviness Cluster FINANCE INNOVATION.

Le programme de recherche collaborative FUI23 (Fond Unifié Interministérielle) a publié la liste des projets approuvés : BIKER ANGEL est sélectionné (adaptation du logiciel de mesure du risque en conduite temps réel SafetyNex pour la moto).
Le projet BIKER ANGEL porté par NEXYAD avait déjà été labelisé par le Pôle de Compétitivité FINANCE INNOVATION.

Read HERE

Biker Angel


* * * * *

Conference on Machine Learning organized by SNCF

Very interesting conference on Machine Learning and Deep Learning.
SNCF RESEAUX welcomed a large audience last tuesday 28th march in Saint Denis.

French experts of A.I. field were introduced by Claude Solard SNCF réseau Chief Operating Officer and Jean-Jacques Thomas Director of Innovation.
Christophe Garcia, Full professor at INSA Lyon, deputy director of the LIRIS laboratory, gave an introduction to Neural Networks and Artificial Intelligence and answered to the audience’s questions.
Then, Gérard Yahiaoui, CEO of Nexyad, Vice President of the MOV’EO Cluster, explained the Criteria for use and Methodology for implementation: the methodology AGENDA.

SNCF Conference Gerard Yahiaoui
Gérard Yahiaoui CEO of Nexyad


From CEA List, Jean-Marc Philippe presented « from the Neural Network Tools to the Optimized System ». The conference continued with a roundtable about the SNCF Cafeine Project or how to go from the industrial need to the applied solutions in SNCF Réseau; animated by Alain Rivero, SNCF Réseau Director of Cafeine Project; Xavier Roy, Head of Innovation of ITNovem; Michel Paindavoine, co-founder of Global Sensing Technologies and professor at University of Bourgogne; and Jean-Jacques Thomas Director of innovation of SNCF Réseau.

The CAFEINE Project proposes to use the Artificial Neural Networks to detect the defects of pantographs on moving trains, and also to read the number of each wagons, oars and containers.

Another roundtable was organized about Startups and A.I. with Kunthirvy Collin-Dy, Head of relationships with Startups of SNCF Réseau Robot Lab; and Yannick Gérard, Head of Project of DAVI.
Patrick Bastard, Director of Driving Assistance Systems engineering of Renault, ended the conference with a presentation on an opening to other fields of application : vehicles electrification, ADAS and autonomous driving.

Conference SNCF 3 speakers
From the left : Jean-Marc Philippe, Patrick Bastard et Christophe Garcia


* * * * *

Nexyad Paper at 1er European Conference on Connected and Automated Driving

Machine Learning and Artificial Intelligence for Intelligent Connected Car : The Validation Issue.
A paper by Brahim Yahiaoui, Pierre Da Silva Dias and Gérard Yahiaoui

First European Conference on Connected and Automated Driving
3-4 april 2017 – European Commission, Charlemagne Building, Brussels

– How to concile high complexity of A.I. with ASIL standard that needs a system to be fully predictable ?
– How to make sure that machine learning based behaviour will be adapted to new cases ?
– A Conception AND Validation methodology : « AGENDA »


* * * * *

Meeting Mov’eo, Systematic and Cap Digital

A networking event took place at Cap Digital in Paris, the 16th of march. In the presence of Christophe SIRUGUE, Secretary of State for the Digital and Innovation Industry, the goal of this meeting was to bring together SMEs or startups offering innovative technologies or services for the connected vehicle.

Jean-Luc Moullet, Director of the competitiveness program, industrial and transport , Investment advisory services for the government, introduced the support mechanisms available under the Investments Program of the Future. Jean-Luc BROSSARD, R&D Director of PFA spoke about the Dynamics of innovation and needs of the automotive sector and mobilities. Anne Laliron, Director of Business Lab for PSA, gave a car manufacturer vision for the future. Gérard Yahiaoui, CEO of Nexyad and vice-president of Mov’eo, Michaël Fernandez, CEO of Drust, and Thierry Ernst, CEO of YoGoKo, advocated view for SME’s and Startups. Then Marc Charlet, Managing Director of MOV’EO, Patrick Cocquet, General Delegate of Cap Digital Hub, and François Cuny, General Delegate of Systematic Hub, discussed about Hub contributions. Christophe Sigure concluded this information-sharing.

Meeting at Cap Digital
Thierry Ernst on the left with the mic, Michaël Fernandez and Gérard Yahiaoui on the right

* * * * *

Nexyad has visited 6th « les Rencontres Flotauto »

On Thursday, March 9, the « Rencontres Flotauto » or Professional fleet meeting were held in Paris.

This important event brings together all players of the fleet sector.
Suppliers of telematic equipment such as Nomadic Solutions, a French eco-driving specialist. Pure fleet management as Fleetmatics a French SME recently acquired by the American giant Verizon . New mobility startups such as OpenFleet which offers car sharing solutions for professionals. Almost all the European and Japonese car manufacturers were also represented by their Fleet subsidiary such as Volkswagen Group Fleet Solution.

Flotauto Fleetmatics
Fleetmatics booth


https://nexyad.net/Automotive-Transportation/wp-content/uploads/2017/03/Flotauto-Nomadic-Solutions-CarteCarburant.jpg
Nomadic Solutions on the right and Carte Carburant Leclerc on the left


* * * * *

Nexyad in Media

Logo Le Parisien

Saint Germain en Laye : This App promises to Secure your Driving, by Jeremy Denoyer.

« C’est une application dont certains conducteurs ne pourraient plus se passer. SafetyNex, actuellement en phase de test auprès de 3500 utilisateurs, permet de déclencher des alertes en fonction de la dangerosité des aménagements fixes (croisements, ronds-points, virages) et des excès de vitesse. Développée par la société Nexyad, basée à St Germain en Laye, cette application devrait être disponible sur les plates-formes de téléchargement mobile d’ici deux mois. »

Read the entire news / Lire l’article ici

SafetyNex Onboard
SafetyNex App Onboard on smartphone


* * * * *

SafetyNex available on Stores for Testers
(Apple and Google)

To test SafetyNex in your car, send your iTunes email if you use iOS smartphone or your Google account email if your smartphone is an Android one, to this adress obenel@nexyad.net

Today SafetyNex works on four continents :
– Europe : Austria, Belgium, France, Germany, Ireland, Italy, Nederland, Spain, Switzerland, United Kingdom
– North America : Mexico, United States
– South America : Chile
– South Asia : India, Singapore
We’ll integer new countries as soon as possible and on demand.

NOTICE : SafetyNex is now also available for integration in any Smartphone App and Electronic Devices through an API.


Click to enlarge


* * * * *

Groupement ADAS welcomed New Member NIT
New Imaging Technologies

Groupement ADAS is a Team of innovative companies (cluster) with over 20 years experience in the field of technologies used in assistance driver systems (design, implementation and integration of ADAS in vehicles for safety features, driver assistance, partial delegation to the autonomous vehicle).
Last month, a new member joined the cluster to make ten companies !

NIT logo

New Imaging technologies (NIT) offers CMOS and InGaAs imaging sensors and cameras operating over an extraordinary dynamic range of more than 140dB. Our sensors are particularly useful for machine vision, automobile and autonomous driving, biometrics, security and surveillance. NIT delivers from large volume production down to small numbers and custom products. Our facility is fully ISO9001 accredited.

More about NIT

The other members are :
Adaccess
CAR&D
GlobalSensing Technologies
Intempora
LeddarTech
Nexyad
Nomadic Solutions
Sherpa Engineering
Transpolis

To discover Groupement ADAS


* * * * *

Artificial Vision Products of Nexyad

– RoadNex is a functional bloc (software) for ADAS (Advanced Driver Assistance Systems) : detection of the road shape/contours and lane in front of the vehicle.

– ObstaNex is a functional bloc (software) for ADAS (Advanced Driver Assistance Systems).
ObstaNex detects obstacles (a car, a pedestrian). Definition of an obstacle: object that is not plane
(or that is « enough » vertical), and/or that has a movement that is not due to the movement of the camera.

– Visinex Onboard is a functional bloc (software) for ADAS (Advanced Driver Assistance Systems).
VisiNex Onboard measures the visibility on a region of interest (visual quality score and distance of detection).



BIKER ANGEL Project selected for Government funding

The FUI23 French collaborative research program published the list of projects that are approved : The project BIKER ANGEL (adaptation of the real time driving risk assessment module SafetyNex to motorbikes) is selected !
Biker Angel Project led by NEXYAD was already labelised by Competitiviness Cluster FINANCE INNOVATION.

Le programme de recherche collaborative FUI23 (Fond Unifié Interministérielle) a publié la liste des projets approuvés : BIKER ANGEL est sélectionné (adaptation du logiciel de mesure du risque en conduite temps réel SafetyNex pour la moto).
Le projet BIKER ANGEL porté par NEXYAD avait déjà été labelisé par le Pôle de Compétitivité FINANCE INNOVATION.

Read HERE

Biker Angel

Nexyad has visited 6th « les Rencontres Flotauto »

On Thursday, March 9, the « Rencontres Flotauto » or Professional fleet meeting were held in Paris.

This important event brings together all players of the fleet sector.
Suppliers of telematic equipment such as Nomadic Solutions, a French eco-driving specialist. Pure fleet management as Fleetmatics a French SME recently acquired by the American giant Verizon . New mobility startups such as OpenFleet which offers car sharing solutions for professionals. Almost all the European and Japonese car manufacturers were also represented by their Fleet subsidiary such as Volkswagen Group Fleet Solution.

Flotauto Fleetmatics
Fleetmatics booth


Flotauto Nomadic Solutions CarteCarburant
Nomadic Solutions on the right and Carte Carburant Leclerc on the left

When Car Manufacturers learn from Silicon Valley
Nexyad dans les médias

Quand les constructeurs s’inspirent de la Silicon Valley

Un article de Vincents Desmonts paru dans Motor Legend.

Les constructeurs automobiles prennent modèle sur les start-ups pour inventer de nouvelles méthodes de travail. L’objectif ? Attirer de nouveaux talents, coller au plus près des évolutions technologiques et rester dans la course à l’innovation face aux Google, Apple et autres Tesla.
En 2004, PSA inaugurait en grande pompe son centre d’études ADN (Automotive Design Network), à Vélizy (78). Extérieurement, un bâtiment à l’architecture futuriste, toisant de sa hauteur respectable la route nationale 118 qui file en contrebas. À l’intérieur, en revanche, l’ADN est plus classique : des locaux standard, propres mais un peu austères, à l’image du reste du centre d’études de Vélizy, implanté là depuis les années 1960.

Pourtant, un nouveau service s’y est installé, qui semble bénéficier d’un traitement de faveur. Il se distingue déjà par son nom : UX City (ou UXCT), suggérant que l’on pénètre ici dans un monde un peu à part. Spécialisé dans les interfaces et la vie à bord, ce nouveau plateau a poussé comme un champignon en cinq mois, et regroupe déjà 230 spécialistes issus d’horizons aussi variés que le cinéma, les sciences humaines, l’ingénierie ou la programmation. Dans cette City dans la cité, les salles de réunion s’appellent des « wagons » (et on peut y écrire sur les murs, qui sont revêtus de films plastiques lavables !), l’open space a des allures de loft new-yorkais aux murs colorés et l’on y trouve même des… parasols ! Pour un peu, on pourrait se croire chez Google ou Facebook.

Lire tout l’article

le JDN : Mov’eo accélère les cracks français de la mobilité intelligente

Aujourd’hui le JDN ou Journal Du Net publie l’information que nous vous proposions il y a quelques jours en avant première : Mov’eo consacre Nexyad PME Championne.

Le pôle de compétitivité dédié à l’automobile lance le programme « PME championne » pour accompagner la croissance des entreprises les plus prometteuses du secteur.

Adaccess et Nexyad sont les deux premières PME à avoir été choisies. La première, créée en 2013, a séduit Mov’eo avec eVa, une plateforme de mutualisation des données anonymisées générées par les véhicules connectés à destination de l’industrie automobile. « Les essais par roulage coûtent très cher donc cette solution de mutualisation permet à tous les acteurs internationaux de la R&D automobile d’accéder aux data que leurs partenaires et concurrents veulent partager. »
La start-up yvelinoise Nexyad a aussi tapé dans l’œil du pôle grâce à SafetyNex, une application mobile qui estime en temps réel le risque de conduite. Elle alerte vocalement le conducteur avant un danger pour qu’il puisse ralentir, avec la promesse d’une réduction de 20% du nombre d’accident, et enregistre les profils d’usages et de risque des utilisateurs. Lauréate du BMW Tech Date en 2016, Nexyad s’adresse aux constructeurs et aux équipementiers qui veulent fournir une navigation intelligente en première et/ou en seconde monte ainsi qu’aux assureurs automobiles qui souhaitent proposer des contrats personnalisés. « Des négociations avancées sont déjà en cours avec des assureurs et la sortie officielle est proche », assure Thierry Bapin.

Lire l’article sur le JDN

voir aussi :Mov'eo consacre Nexyad PME Championne

SafetyNex App Risk Profiles Analysis

Risk profiles estimated by SafetyNex: Analysis of profiles, and possible use to detect fatigue and hypovigilance of driver.

SafetyNex is a nomadic real-time risk estimation system. The system has been described in detail in previous publications [1] and uses the key concept of « near-accident » or « quasi-accident », and is a result of 15 years of collaborative research with road safety experts and researchers.
The main competitive advantage of SafetyNex is that it allows, since the risk is estimated in real time,
to warn the driver (vocal alert), and thus to allow driver to avoid accident. Studies show that SafetyNex can reduce accident rate by 20% [2], which represents for insurers and fleet managers a consequent increase in margin [3].
But of course, SafetyNex also records usage and risk profiles. These profiles provide the behavior of the driver, or more precisely, his/her ability to regulate driving task consistently with danger. No need to record large volumes of data (accelerations, etc…) which in reality are not data (these are signals) for a possible back-office analysis, SafetyNex provides exactly the interesting data [4].
Below are examples of usage profiles and driver risk profiles.

. Read the entire paper
. Analyse des profils de risque en conduite estimés par SafetyNex (version française)

Nexyad invited to the 4th « Les rencontres du Fleet Management »

Last thursday 26th of january 2017, Gérard Yahiaoui CEO of Nexyad participated to a panel debate in Paris near Les Champs Elysées. He was invited as road safety telematics expert. Marie-Amélie Fenoll journalist at Decision Achats animated the discussion between other speakers : Jean-Yves Marie Rose of Ademe, Julien Honnart of Wayzup, Didier Blocus of ALD Automotive France, Edwin Colella and Alain Sinquin of Octo Telematics.

Fleet Management faces numerous problems and stakes in terms of safety, monitoring of drivers, training and loss costs. Gérard Yahiaoui presented SafetyNex App risk assessment in real time, that warns the driver before danger and gives individual and global risk profiles and usage profiles. An API of SafetyNex will be available very soon to integrate in any device. SafetyNex use allows to reduce accident rate by 20%.

Les rencontres du Fleet Management partners are ALD Automotive France, Ayming, Codes Rousseau, La carte carburant pro E. Leclerc, Octo Telematics and Phoenix development.

Gérard Yahiaoui Nexyadfrom the left Marie-Amélie Fenoll, Edwin Collela and Gérard Yahiaoui

Example of SafetyNex Risk Profiles Data

See below an example of Risk Profile Data Nexyad is able to give to their customers. SafetyNex provides Eco Driving profiles data, and usages profiles (Kms, date, hours, kind of roads, etc…) all of these can be crossed with Risk Profiles.

SafetyNex Risk Profile

Look at the entire SafetyNex User Manual

ADAS & Autonomous Driving at CES in Las Vegas

Thanks to Business France for having organised this CES mission and to Moveo sponsoring.
The show is bigger than everybody says us before. There is thousands of boothes in several places in Las Vegas. It is impossible to see all in four days long. This year, French Tech was well represented in the Venetian Hotel and at the Convention Center near the Westgate Hotel. In the last news we talked about Leddartech and today we make a focus on three major companies that built the future of smart mobility.

New ADAS demos by VALEO

Valeo onboard demos area at Golden Lot was completely crowed during the four days of the Convention. But we were lucky happy few to test Valeo XtraVue and Valeo 360AEB Nearshield.

Valeo XtraVue is a system based on a set of connected cameras that eliminates visual obstacles. It takes two vehicles equipped with the system. The driver of the vehicle B, which follows the vehicle A, can see on its control screen what happens in front of the vehicle A by seeing through it.

Valeo 360AEB Nearshield (Autonomous Emergency Braking) is an innovative technology to protect nearby pedestrians when vehicles perform low-speed maneuvers. With a full 360 degrees system of cameras and ultrasonic sensors, this ADAS helps the driver to avoid accident due to blind spots around large vehicles such as SUV and pick-up trucks.
Read more about Valeo at CES

HERE Indoor Positioning brings precision to the industrial IoT.

The NEXYAD team present in Las Vegas was invited by officials on the HERE booth at Convention Center Central Plazza.
When we entered the booth, we saw a table with mini robotic forklifts in a warehouse, all built with real technology. The robots moved around a simulated environment picking up and delivering containers based on high-accuracy positioning, bringing the real-world applications to life.
It was one of the numerous technologies presented by HERE at CES this year.
More about HERE here

CES Valeo & Here
                         VALEO XtraVue demo car                                          HERE Indoor Positionning demo

Visteon Demonstrates Augmented Reality Driving Experience and Latest Head-Up Display Technology at CES® 2017.

Complementing the vehicle’s HUD, embedded front-view and driver monitoring cameras trigger “smart alerts” in the form of lights and sounds when the driver is not paying attention to the road, if the vehicle strays from its lane, or if the vehicle is at risk of potentially hitting an object. For example, when a pedestrian or bicycle is present on the side of the road, an LED light projects onto the windshield within a 90-degree angle of the driver’s line of sight, giving a visual alert without the driver needing to turn his or her head.

Read more about Visteon here

VISTEON at CES 2017
Two onboard cameras look at the front of the car (a video for the demo),
detect obstacles and alerts the driver via a HUD.


« Check NEXYAD Technologies for New Mobility Applications »
Automotive & Transportation Newsletter #14 is Available

NEXYAD Automotive & Transportation Newsletter #14, December 23th, 2016



Check NEXYAD Technologies for New Mobility Applications

Headlines :

– Demo video of SafetyNex : Smartphone App Onboard Real Time for Driving Risk Assessment
– Cercle LAB Symposium : new digital technologies for Insurance and Bank
– FinTech Community Symposium
– New Release of SafetyNex : Real Time Driving Risk Assessment for Car Industry and Insurance Companies
– Nexyad Technologies for Car Industry and New Mobility : SafetyNex – RoadNex – ObstaNex – VisiNex
– R&D project BIKER ANGEL (Driving Risk Assessment for Motorbikes) has been certified by the pôle FINANCE INNOVATION
– Business Trip to CES at Las Vegas

Read the Newsletter #14


SafetyNex


R&D project BIKER ANGEL has been certified
by the pôle FINANCE INNOVATION.

R&D project BIKER ANGEL has been certified by the pôle FINANCE INNOVATION.
This project consists in making SafetyNex available for motorcycles.
Partners of this project are : HERE, IFSTTAR, NEXYAD, POINT CORE
NEXYAD is the project leader.
Submission of this project has been sent to FUI (Fond Unifié Interministériel – France).

Biker Angel - Label Finance Innovation

Le project BIKER ANGEL a été labellisé par le Pôle FINANCE INNOVATION.
Ce projet consiste à adapter SafetyNex pour les motards.
Les partenaires de ce projet sont : HERE, IFSTTAR, NEXYAD, POINT CORE
BIKER ANGEL est porté par NEXYAD.
Ce projet fait l’objet d’une demande FUI.

SafetyNex labellisé FINANCE INNOVATION

Nexyad SafetyNex, Onboard Real Time App of Driving Risk assessment, received Label Finance Innovation 2016 from world cluster Finance Innovation !


FINTECH COMMUNITY 4e édition à Paris le 7 décembre, le plus grand rendez-vous bi-annuel de rencontres entre le monde des financeurs et des sociétés de technologies innovantes. Nexyad, au travers de l’application de mesure temps réel du risque en conduite : SafetyNex, a reçu le Label Finance Innovation 2016 par le pôle de compétitivité mondial Finance Innovation.

Label Finance Innovation - SafetyNex

Plus tard dans la matinée, Gérard Yahiaoui, le P-DG de Nexyad, a pitché dans la catégorie Assurances FinTech et a récolté le plus grand nombre de votes de la part de l’assistance, recevant un autre prix à cette occasion qui permettra une exposition conséquente de SafetyNex.

Gérard Yahiaoui - Pole Finance Innovation

Gérard Yahiaoui en haut au centre


NEXYAD won the French Insurance « coup de coeur » (crush) Special Prize with our Driving Risk Assessment Smartphone App SafetyNex

30th Nov 2016, seven high-tech startups had to pitch in front of almost all French Insurance Companies. This was organized by the Cercle LAB (Laboratoire Assurance Banque), at ALLIANZ tower (Paris La Défense) : « colloque prospective annuel du cercle LAB ».

NEXYAD was introduced to Cercle LAB by the competitiveness cluster FINANCE & INNOVATION.
It was an interesting challenge and the jury had to pick only ONE startup from seven talented ones, to give the special prize « coup de coeur des assureurs ».

France Innovation - Cercle LAB - Nexyad SafetyNex
             Gérard Yahiaoui pitching at Allianz Tower                       « Coup de Cœur des Assureurs » Diploma


NEXYAD pitched on SafetyNex : a smartphone App for real time onboard driving risk assessment (with vocal alerts that warn the driver before a potential danger), that can reduce accident rate by 20%.

Winner : NEXYAD !!!

We thank all the insurers that came to this high tech day that gave a broadchurch view on research and development for Insurance applications (artificial intelligence, deep learning, iot, blockchain, telematics, …), we thank Pôle FINANCE INNOVATION & Cercle LAB.

NEXYAD is member of MOV’EO, and FINANCE INNOVATION.

Read more about SafetyNex

Nexyad on the booth Groupement ADAS at CESA Automotive 2016

Renault Zoé of Adaccess on booth Groupement ADAS at CESA Automotive 2016
RENAULT ZOE of Adaccess on Groupement ADAS booth at CESA Automotive 2016.

Gérard Yahiaoui & Jochen Langheim at CESA Automotive 2016
Gérard Yahiaoui CEO of Nexyad and Jochen Langheim Vice President of ST microelectronics and Chairman of CESA Automotive 2016 on Groupement ADAS booth at CESA in Versailles.

Nexyad Presented SafetyNex at CESA 4.0 2016

Gérard Yahiaoui CEO of Nexyad presented SafetyNex Real Time Onboard Driving Risk Assessment for Car Telematics at the Conference « Highly Automated Driving New Sensors » of CESA 2016 in Versailles.

Groupement ADAS booth shows top technologies and competences of 9 companies dedicated to ADAS and  sponsored by MOVEO.

. ADACCESS is a French engineering company specialized in embedded measurement and vehicle prototyping.

. CAR&D : Creative Automotive Research and Development (Car Dynamics)

. GLOBALSENSING Technologies : pattern recognition and embedded electronic system specialist

. INTEMPORA : MultiSensor Software Solutions, editor of RT-Maps

. LEDDARTECH : Mastering Lidar Sensor Technology

. NEXYAD: your host

. NOMADIC Solutions : Mobility Creator, electronic devices

. SHERPA Engineering is a company specialized in modeling, simulation and control design

. TRANSPOLIS : Exploring innovative Urban mobility solutions (tracks)

gy_cesa1

gy_cesa2

 

Evaluation of return on investment (ROI) with SafetyNex
for a Car Insurance Company

New Nexyad paper :

Real time App for onboard driving risk assessment SafetyNex used by Insurance Companies
(onboard telematics with smartphone for car insurance)
Evaluation of return on investment (ROI)

INTRODUCTION
European and American car Insurance Companies are all currently testing onboard telematics systems (on professional electronics devices or on Smartphones), in order to study new opportunities provided by digital technologies in the evolution of their business and business models [1].
We also can see now some experiments in Asia. Indeed, digitization of the economy has an impact on insurance industry too, as new competitors such as GAFAMs (Google, Amazon, Facebook, Apple, Microsoft) come to their car insurance market with new approaches, always ready to capture value.
The main idea behind testing telematics is that it would be nice to adjust at best pricing of insurance depending on the driver. Onboard telematics is expected to « measure » usage (kind of road, day/night, number of km, et …) and to estimate risk taken by the driver.

Read the entire paper