16 Jan 2023
Driverly Insurance has teamed up with the University of South Wales’s Centre of Excellence in Mobile and Emerging Technology, CEMET, to develop an AI-powered risk map that combines real-world driving conditions and accident data with driver and vehicle profiling.
As well as recording driving behaviour, the enhanced app can also draw on accident profiling of all the major roads in the UK, combined with real-time weather forecasts to build an AI-powered view of real-world driving conditions..
“Having already designed and built the app, Driverly approached CEMET to take it to the next level,” explained Nestor Alonso, chief data officer at Driverly. “CEMET has added a separate layer around users’ driving context: the road conditions and the weather conditions – which has never been done before in the insurance industry with an app. With these added layers, we will be able to offer the most advanced real-time risk analysis of young drivers, thereby offering them insurance premiums that really do reflect their driving habits and – crucially – their driving environments.
“This is great news for young drivers, and great news for the insurance industry. We are taking a lot of the guesswork out of insuring younger drivers who traditionally struggle to find competitively priced insurance policies. At the same time, we are helping to encourage safer driving among our customers, and directly rewarding that care and attention with lower premiums and other rewards.”
CEMET’s Seamus Ballard-Smith added: “The project itself was conceptually straightforward but came with several technical challenges. Combining data from multiple sources into a single platform requires time to finesse all the disparate data into a single database, and then developing risk calculation algorithms was great fun.”
The Driverly Insurance app is free to download through iOS App Store and Google Play.
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