NEW YORK, March 1, 2022 /PRNewswire/ — Cowl Whale Insurance coverage Options, Inc. (“Cowl Whale”) and dreyev are partnering to construct an progressive and adaptive risk-based know-how course of to rework at present’s industrial auto insurance coverage trade. The brand new strategy makes use of patented know-how to investigate real-time driver actions and highway site visitors circumstances, determine and proper harmful driving earlier than crashes happen, enhance Cowl Whale’s steady underwriting mannequin and lead to financial savings for protected drivers.
“…our know-how may stop crashes earlier than they occur, leading to fewer lives misplaced…”
Cowl Whale’s basis of know-how, knowledge and machine studying analytics revolutionized the industrial auto phase, bringing a forward-looking and steady underwriting mannequin to market. dreyev‘s clever edge computing platform allows quick screening of high-speed knowledge from a number of cameras and sensors for extra analytics. Cowl Whale’s partnership with dreyev will create an unparalleled data-centric platform to enhance loss ratios, decrease insurance coverage premiums for protected drivers and make roads safer by saving lives.
“Cowl Whale’s current AI-driven know-how and underwriting course of have allowed us to completely outperform trade benchmarks thus far. We view this partnership with dreyev as a catalyst right into a world the place our know-how may stop crashes earlier than they occur, leading to fewer lives misplaced and higher pricing for our portfolio of protected drivers,” stated Dan Abrahamsen, CEO of Cowl Whale.
Distractions and drowsiness are chargeable for a big and expensive portion of economic auto crashes. dreyev’s distributed, patented AI know-how makes use of multi-channel knowledge processing to offer the power to intervene and instantaneously right dangerous driving. dreyev‘s know-how measures driver consideration and driving dangers in real-time, figuring out driver personas and danger angle. The patented behavioral monitoring and alert engine improves security on the highway and might play an important position within the transition to self-driving automobiles. This know-how was developed by Dr. Maggie Stys, Co-Founder / CEO, and Dr. Roberto Sicconi, Co-Founder / CTO, who deliver deep expertise in AI as a part of the unique IBM Watson staff.
“We’re excited for this partnership to push the frontiers of economic auto insurance coverage by complimenting Cowl Whale’s extremely profitable high-tech platform with our patented behavioral AI know-how. Our know-how acknowledges indicators of distraction or drowsiness and might alert drivers to potential crashes nicely earlier than they happen. dreyev’s real-time, in-vehicle teaching system evaluates driver consideration and responsiveness to highway and site visitors circumstances, stopping crashes, and decreasing loss,” stated Dr. Maggie Stys, CEO of dreyev.
About Cowl Whale: Cowl Whale, an insurtech based by skilled insurance coverage and know-how veterans, focuses on underwriting, know-how and knowledge to launch progressive insurance coverage applications, utilizing knowledge to make our roads safer and save lives. Cowl Whale gives probably the most agent-friendly on-line platform, offering a easy resolution for quick insurance coverage quotes. Merchandise can be found solely by means of CoverWhale.com and company companions, with capability from a number of main insurance coverage markets.
About dreyev: dreyev (pronounced “drive”) is an AI danger analytics firm based by IBM Watson alumni providing proprietary co-driver expertise that forestalls auto crashes by means of real-time danger alerts primarily based on driver ability, consideration, and responsiveness evaluation. dreyev improves security by enabling true collaborative driving, balancing human and AI driving expertise by means of mutual steerage and interactive collaboration. dreyev’s capacity to judge the eye degree of the motive force and instantaneously mix it with real-time site visitors circumstances makes it a particularly compelling and important resolution within the transition in the direction of larger ranges of autonomous driving.
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SOURCE Cowl Whale Insurance coverage Options