The advancement and increasing commercial deployment of self-driving technology is creating a unique challenge for insurance companies because it involves a shift from human to software drivers. Contrary to the traditional case with human drivers, insurers lack a comprehensive history of claims to appropriately create risk profiles and calculate insurance premiums for AV deployments. Without an evidence-based method to evaluate driving risks consistently, underwriting AVs becomes a challenge.
To calculate its automated vehicle deployment risk score (AVDRS) for insurance companies, Simulytic, a Siemens AG venture, uses the Here HD Live Map.
The map solution, created by location and data platform Here Technologies, aims to address the AV need. It enables Simulytic to generate synthetic driving histories of proposed AV deployments through large-scale simulations of the proposed operation and location. Simulytic’s models take into account traffic, weather and other hyperlocal data, relying on the Here HD Live Map with its highly accurate model of the road network, including lane configurations and markings. It is currently being used by the world’s first commercially available vehicles with Level 3 automated driving systems.
Andy Gill, COO at Simulytic, explained, “The distinguishing aspect of our approach to insurance risk scoring is that our simulations are tailor-made for a particular AV deployment. Fast turnaround and coverage anywhere AVs might deploy were key requirements for us, and the Here HD Live Map delivers on both.”
Leen Balcaen, VP of product management SD and HD maps at Here, added, “The integration of the Here HD Live Map into Simulytic’s solution showcases its versatility for any use case that requires precise mapping.”
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