Engineers Garage

  • Projects and Tutorials
    • Electronic Projects
      • 8051
      • Arduino
      • ARM
      • AVR
      • PIC
      • Raspberry pi
      • STM32
    • Tutorials
    • Circuit Design
    • Project Videos
    • Components
  • Articles
    • Tech Articles
    • Insight
    • Invention Stories
    • How to
    • What Is
  • News
    • Electronic Products News
    • DIY Reviews
    • Guest Post
  • Forums
    • EDABoard.com
    • Electro-Tech-Online
    • EG Forum Archive
  • Digi-Key Store
    • Cables, Wires
    • Connectors, Interconnect
    • Discrete
    • Electromechanical
    • Embedded Computers
    • Enclosures, Hardware, Office
    • Integrated Circuits (ICs)
    • Isolators
    • LED/Optoelectronics
    • Passive
    • Power, Circuit Protection
    • Programmers
    • RF, Wireless
    • Semiconductors
    • Sensors, Transducers
    • Test Products
    • Tools
  • EE Resources
    • DesignFast
    • LEAP Awards
    • Oscilloscope Product Finder
    • White Papers
    • Webinars
  • EE Learning Center
    • Design Guides
      • WiFi & the IOT Design Guide
      • Microcontrollers Design Guide
      • State of the Art Inductors Design Guide
  • Women in Engineering

NXP and MOTER partner to extend connected vehicle insurance

By Michelle Froese

NXP Semiconductors and MOTER Technologies, an insurtech company focused on bridging the gap between the automotive and insurance ecosystems, have announced a secure data exchange platform. It links deep data from connected vehicles to the insurance industry to power data science solutions for risk assessment, cost modeling, and more.

The platform combines NXP’s S32G2 vehicle network processors, offering a new type of vehicle edge compute with the ability to access vehicle-wide data, with MOTER data analytics software to help fully monetize vehicle data for new and improved automotive insurance services.

New vehicle insurance policies driven by telematics data, which have reached penetration rates as much as 30 percent in some insurance companies, represent a market that is expected to grow over 27 percent annually as insurance providers develop new data-driven insurance products.

Access to a broader automotive dataset, with more detailed and accurate insights, can enable the development of next-generation analytics tools for actuarial analysis, new mobility product development, and claims management.

While connected vehicles can generate terabytes of data per hour, some of which can be leveraged for sophisticated underwriting and multiple business applications, carmakers, and insurance companies are impeded from a lack of available, cost-effective data processing platforms with sufficient performance, security, and centralized access to vehicle-wide data.

To meet this need, NXP and MOTER have integrated their offerings into a platform that targets the needs of the automotive and insurance industries.

The MOTER platform offers advanced risk algorithms that can be updated over-the-air and combined with an insurance carrier’s or mobility company’s custom insurance algorithms to create marketable driver insights. The MOTER platform can be licensed for use with OEM vehicles to facilitate data exchange with insurers and mobility companies who are willing to subscribe and pay for driver insights to enable new vehicle data-driven products, including, but not limited to usage-based insurance.

“Usage-based insurance is one of the data commercialization opportunities with the most customer satisfaction and revenue potential for the automotive industry today,” said Michael Fischer, chief digital officer with MOTER.

He added: “Together with NXP, MOTER is providing the data bridge that will enable the automotive industry to unlock the riches of data for mobility insurance, fleet health and monitoring and infrastructure planning and optimization.”

NXP’s GoldBox reference design, based on one of the recently launched S32G2 vehicle network processors, is a key enabler for new vehicle data-driven opportunities such as advanced insurance, vehicle health and fleet management services.

It provides safe and secure vehicle edge processing, support for Over-the-Air (OTA) services, and connectivity to in-vehicle networks and the cloud required for these next-generation automotive applications.

S32G2 processors provide high-performance real-time and applications processing combined with vehicle network interfaces, network acceleration and hardware security, along with expansion support for machine learning (ML) acceleration, mass storage, and wireless connectivity to deliver a powerful service-oriented gateway.

“The S32G2 processors offer a unique combination of safe processing, networking, and security technologies needed to make them a reality. Our collaboration with MOTER demonstrates NXP’s solution-based approach that extends beyond silicon to provide a foundation for new automotive industry innovations and valued services,” said Brian Carlson, global marketing director for Vehicle Control and Networking Solutions at NXP.


Filed Under: Automotive, Electric Vehicles, News
Tagged With: automotive, claims, connected, electricvehicles, insurance, motortechnologies, nxpsemiconductors
 

Questions related to this article?
👉Ask and discuss on EDAboard.com and Electro-Tech-Online.com forums.



Tell Us What You Think!! Cancel reply

You must be logged in to post a comment.

HAVE A QUESTION?

Have a technical question about an article or other engineering questions? Check out our engineering forums EDABoard.com and Electro-Tech-Online.com where you can get those questions asked and answered by your peers!


Featured Tutorials

  • Introduction to Brain Waves & its Types (Part 1/13)
  • Understanding NeuroSky EEG Chip in Detail (Part 2/13)
  • Performing Experiments with Brainwaves (Part 3/13)
  • Amplification of EEG Signal and Interfacing with Arduino (Part 4/13)
  • Controlling Led brightness using Meditation and attention level (Part 5/13)
  • Control Motor’s Speed using Meditation and Attention Level of Brain (Part 6/13)

Stay Up To Date

Newsletter Signup

Sign up and receive our weekly newsletter for latest Tech articles, Electronics Projects, Tutorial series and other insightful tech content.

EE Training Center Classrooms

EE Classrooms

Recent Articles

  • What is a loop calibrator? 
  • What are the battery-selection criteria for low-power design?
  • Key factors to optimize power consumption in an embedded device
  • EdgeLock A5000 Secure Authenticator
  • How to interface a DS18B20 temperature sensor with MicroPython’s Onewire driver

Most Popular

5G 555 timer circuit 8051 ai Arduino atmega16 automotive avr bluetooth dc motor display Electronic Part Electronic Parts Fujitsu ic infineontechnologies integratedcircuit Intel IoT ir lcd led maximintegratedproducts microchip microchiptechnology Microchip Technology microcontroller microcontrollers mosfet motor powermanagement Raspberry Pi remote renesaselectronics renesaselectronicscorporation Research samsung semiconductor sensor software STMicroelectronics switch Technology vishayintertechnology wireless

RSS EDABOARD.com Discussions

  • What was before microcontrollers ?
  • Measure AC current accurateley (100mA to 10A)
  • 74HC595 creating Fake output
  • NEED HELP FOR OP-AMP IN BGR
  • Check undesired substrate mode...

RSS Electro-Tech-Online.com Discussions

  • Control Bare LCD With ATmega328p
  • Need a ducted soldering fan for solder smoke extraction
  • Sla ir li ion
  • Question about ultrasonic mist maker
  • Best way to reduce voltage in higher wattage system?
Engineers Garage
  • Analog IC TIps
  • Connector Tips
  • DesignFast
  • EDABoard Forums
  • EE World Online
  • Electro-Tech-Online Forums
  • Microcontroller Tips
  • Power Electronic Tips
  • Sensor Tips
  • Test and Measurement Tips
  • 5G Technology World
  • About Us
  • Contact Us
  • Advertise

Copyright © 2022 WTWH Media LLC. All Rights Reserved. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of WTWH Media
Privacy Policy | Advertising | About Us

Search Engineers Garage

  • Projects and Tutorials
    • Electronic Projects
      • 8051
      • Arduino
      • ARM
      • AVR
      • PIC
      • Raspberry pi
      • STM32
    • Tutorials
    • Circuit Design
    • Project Videos
    • Components
  • Articles
    • Tech Articles
    • Insight
    • Invention Stories
    • How to
    • What Is
  • News
    • Electronic Products News
    • DIY Reviews
    • Guest Post
  • Forums
    • EDABoard.com
    • Electro-Tech-Online
    • EG Forum Archive
  • Digi-Key Store
    • Cables, Wires
    • Connectors, Interconnect
    • Discrete
    • Electromechanical
    • Embedded Computers
    • Enclosures, Hardware, Office
    • Integrated Circuits (ICs)
    • Isolators
    • LED/Optoelectronics
    • Passive
    • Power, Circuit Protection
    • Programmers
    • RF, Wireless
    • Semiconductors
    • Sensors, Transducers
    • Test Products
    • Tools
  • EE Resources
    • DesignFast
    • LEAP Awards
    • Oscilloscope Product Finder
    • White Papers
    • Webinars
  • EE Learning Center
    • Design Guides
      • WiFi & the IOT Design Guide
      • Microcontrollers Design Guide
      • State of the Art Inductors Design Guide
  • Women in Engineering