Intel said Munich Reinsurance America will supply Mobileye’s Advanced Collision Avoidance System to its clients, including commercial fleets, to reduce collisions and enhance road safety in the United States.
Intel recently acquired Mobileye, a provider of advanced driver assistance systems (ADAS) and autonomous driving technologies.
US clients of Munich Re, US will have the option of retrofitting existing vehicles with Mobileye ADAS technology to reduce collisions among fleets and improve driver behavior through the use of warning signals.
Munich Re, US will conduct a loss analysis to help quantify the potential impact of Mobileye’s technology on a client company’s portfolio of commercial fleet business.
The National Safety Council (NSC) estimates the cost of deaths, injuries and property damage attributed to crashes in 2016 totaled $432.5 billion, up 12 percent over the previous year. There were more than 40,000 traffic fatalities in the U.S. in 2016, registering a growth of 6 percent over 2015.
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.
“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.
“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,” said Moran David, general manager, U.S. and Canada, Mobileye, an Intel company.
Mobileye’s life-saving ADAS system enabled by a vision sensor analyzes dangerous 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.