Developing External Collaboration with Honda on Automotive Collision Prevention Technology
In a significant move, global risk intelligence provider Greater Than has teamed up with multinational automotive manufacturer Honda for a research and development partnership. This collaboration underscores the growing role of artificial intelligence (AI) in transforming the motor insurance industry and the broader mobility landscape, with a safety-first approach at its core.
Greater Than's AI technology, previously used for road safety and climate impact analysis, is now being directed towards predicting crash types and likelihoods per driver. Honda, on the other hand, is leveraging AI-powered "Intelligent Driver-Assistive Technology" for its efforts to reduce road collisions.
The partnership's primary objective is to predict crash risk with AI-driven precision, offering Honda a competitive edge. Greater Than's AI technology, trained on over 20 years of real-world driving data, will be applied to analyse large-scale anonymized driving data to quantify crash risk. This will involve identifying geographical areas and specific conditions with elevated crash incidences, measuring the driver's influence on risk through AI risk intelligence, and overlaying driving data with external factors like road types, infrastructure, and nearby buildings to understand how surroundings affect crash risk.
These insights will enable the development of targeted and informed safety improvements such as more effective collision avoidance technologies and infrastructure planning. Honda intends to use these AI-generated insights to further its mission of achieving zero traffic collision fatalities involving their motorcycles and automobiles by 2050. By reducing the frequency and severity of collisions, this collaboration is expected to drive down motor insurance premiums because insurers can price risk more accurately and benefit from safer roads and vehicles equipped with advanced avoidance technology.
The first phase of the project will focus on Japan, providing scope for targeted and informed changes to reduce risk in specific areas. The findings from the project are expected to unlock new opportunities for innovation in safety technology, particularly in the motor insurance industry. This partnership could create tangible value for infrastructure planning and broader mobility solutions, specifically in the motor insurance industry.
In summary, the partnership between Greater Than and Honda combines predictive AI modeling and collision avoidance system innovation to transform anonymized driving behavior data into actionable insights for reducing crash risk, which will have tangible effects on insurance premiums through improved safety and lower accident rates.
- The AI technology developed by Greater Than, initially used for road safety and climate impact analysis, will now be employed to predict crash types and likelihoods per driver, aiding Honda in reducing road collisions using its "Intelligent Driver-Assistive Technology."
- The partnership's primary goal is to predict crash risk with AI-driven precision, offering Honda a competitive edge and potentially driving down motor insurance premiums as insurers can more accurately price risk due to safer roads and vehicles equipped with advanced avoidance technology.
- By identifying geographical areas and specific conditions with elevated crash incidences, measuring the driver's influence on risk through AI risk intelligence, and analyzing large-scale anonymized driving data, this collaboration aims to unlock new opportunities for safety technology innovation, particularly in the motor insurance industry.
- This joint endeavor could create tangible value for infrastructure planning not only in the motor insurance industry but also for broader mobility solutions, throughout the transportation and automotive sectors, leveraging technology to achieve safety improvements and innovation.
