CarVi
CarVi uses AI-based image recognition and contextual data analysis to provide innovative solutions for the car insurance industry, including accident prediction, prevention, and reconstruction services.
Services
CarVi offers a range of services aimed at enhancing safety and efficiency in the car insurance and mobility sectors. Among these are Behavior Based Insurance (BBI), accident prediction and prevention solutions, and accident reconstruction services. CarVi's First Notice Of Loss (FNOL) service delivers real-time accident notifications via smartphone text messages, including video clips. CarVi also supports quick and simple accident reports, facilitating efficient accident handling even during emergencies. Advanced Driver Assistance Systems (ADAS) and driving behavior reports help further secure drivers' safety.
Technology
CarVi utilizes AI-based image recognition technology and contextual data analysis to deliver its various services. The company's 'Wow! Algorithm' helps predict future car accidents and analyzes current driving behavior to mitigate risks. AI Vision technology enables real-time accident detection and instantaneous notifications. Additionally, CarVi’s suite of technological solutions includes features like the Forward Collision Warning System (FCWS), Lane Departure Warning System (LDWS), and a driving video recorder with event recording.
Solutions for Car Insurance
CarVi provides comprehensive solutions for car insurance companies, helping them distinguish between high-risk and low-risk drivers. By identifying risky driving behaviors such as accelerating through yellow lights, sudden lane changes without signaling, speeding on curves, and hard braking, CarVi enables insurers to offer Behavior Based Insurance (BBI). This approach helps insurers offer cheaper premiums to good drivers based on actual driving behaviors rather than demographic factors like age and gender.
Driver Monitoring and Data Analysis
CarVi allows drivers to continuously monitor and track their driving behavior data, providing insights into improvements and potential risks. This capability empowers drivers to become more aware of their habits and adjust them to enhance safety. The company’s classification system categorizes drivers based on their probability of future accidents, highlighting the differences between high-risk and low-risk individuals. CarVi’s detailed driving behavior reports further assist in reinforcing positive driving patterns.
Motorcycle Safety Solutions
CarVi plans to expand its safety solutions to include motorcycles. These upcoming offerings are expected to enhance the protection of motorcyclists by providing advanced safety and accident prevention features. While specific details have yet to be unveiled, the anticipation indicates a broadening of CarVi's technological applications to encompass a wider range of vehicles in the mobility sector.