Intel-owned Mobileye has announced a collaboration with an insurance company that is intended to reduce commercial fleet collisions and enhance road safety in the US.
Beginning immediately, Munich Reinsurance America Inc. (Munich Re, US) will make available Mobileye's aftermarket Advanced Collision Avoidance System to its clients, including commercial fleets. The new program will provide Munich Re, US clients with the option of retrofitting existing vehicles with Mobileye ADAS technology, designed to help mitigate the potential for collisions among fleets and improve driver behaviour through the use of warning signals.
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Munich Re, US will also conduct a loss analysis to help quantify the potential impact of Mobileye's technology on a client company's portfolio of commercial fleet business.
With the increase in traffic fatalities in the US over the last few years, the partnership underscores the importance of innovations that address the growing challenge of automobile collisions and resulting fatalities. For example, in 2016, there were more than 40,000 traffic fatalities in the US, according to the National Safety Council (NSC). This represented a 6 percent increase over 2015.
The NSC estimates the cost of deaths, injuries and property damage attributed to crashes in 2016 totalled $432.5 billion, up 12 percent over the previous year. Mobileye crash avoidance systems have helped its users reduce overall crashes by 60 percent including a 43 percent reduction in lane departure-type crashes and a 95 percent reduction in forward collisions, the company says.
"As Americans drive more miles and engage in activities that take their attention off the road, such as texting and talking on cellphones, the number of traffic crashes and fatalities has grown. Adding a crash avoidance system to a company's risk management program for its fleet of vehicles can help mitigate the risk of a crash," said Mike Scrudato, senior vice president and strategic innovation leader, Munich Re, US. "Our partnership with Mobileye offers our client companies and their customers with a range of fleet vehicles – from auto to light- and heavy-duty trucks to buses – tools to help reduce property losses and help save lives."
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By GlobalData"Mobileye's vision safety technology saves lives. We applaud Munich Re, US for embracing forward-looking technology and providing such an innovative offering to their portfolio of clients," said Moran David, general manager, U. and Canada, Mobileye. "The ability to improve driver habits with real-time feedback coupled with re/insurance protection will provide companies with a well-rounded risk management solution for their fleets that improves road safety for everyone."
Mobileye's aftermarket life-saving ADAS system alerts drivers of impending collisions so that the driver can react in time to take action. Enabled by a high-resolution vision sensor that analyses potential hazardous scenarios in real time, the technology provides warnings in advance of potential forward collisions, dangerous contact with pedestrians and cyclists, and unintentional lane departures. The system consists of a windshield-mounted vision sensor and a visual display unit mounted in the cabin.
