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TMCNet:  Mobileye and Munich Re, US Announce Collaboration to Reduce Automotive Collisions

[September 12, 2017]

Mobileye and Munich Re, US Announce Collaboration to Reduce Automotive Collisions

Mobileye, an Intel (News - Alert) company, the global leader in advanced driver assistance systems (ADAS) and autonomous driving technologies, today announced a unique collaboration intended to reduce commercial fleet collisions and enhance road safety in the United States.

This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20170912005580/en/

Mobileye aftermarket advanced driver assistance systems provide visual and audio alerts to drivers, ...

Mobileye aftermarket advanced driver assistance systems provide visual and audio alerts to drivers, warning them of potentially dangerous situations on the road. (Credit: Mobileye)

Beginning immediately, Munich Reinsurance America Inc. (Munich Re, US) will make available Mobileye's aftermarket Advanced Collision Avoidance System to its clients, including commercial fleets. The new program will provide Munich Re, US clients with the option of retrofitting existing vehicles with Mobileye ADAS technology, designed to help mitigate the potential for collisions among fleets and improve driver behavior through the use of warning signals. Munich Re, US will also conduct a loss analysis to help quantify the potential impact of Mobileye's technology on a client company's portfolio of commercial fleet business.

With the increase in traffic fatalities in the U.S. over the last few years, the timely partnership underscores the importance of innovative collaborations that directly address the growing challenge of automobile collisions and resulting fatalities. For example, in 2016, there were more than 40,000 traffic fatalities in the U.S., according to the National Safety Council (NSC). This represented a 6 percent increase over 2015. The NSC estimates the cost of deaths, injuries nd property damage attributed to crashes in 2016 totaled $432.5 billion, up 12 percent over the previous year. 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.

"As Americans drive more miles and engage in activities that take their attention off the road, such as texting and talking on cellphones, the number of traffic crashes and fatalities has grown. 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. "Our partnership with Mobileye offers our client companies and their customers with a range of fleet vehicles - from auto to light- and heavy-duty trucks to buses - tools to help reduce property losses and help save lives."

"Mobileye's vision safety technology saves lives. We applaud Munich Re, US for embracing forward-looking technology and providing such an innovative offering to their portfolio of clients," said Moran David, general manager, U.S. and Canada, Mobileye, an Intel company. "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."

Mobileye's aftermarket life-saving ADAS system alerts drivers of impending collisions so that the driver can react in time to take action. Enabled by a high-resolution vision sensor that analyzes potential hazardous scenarios in real time, the cutting-edge 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.

About Mobileye, an Intel Company

Mobileye, an Intel Company is the global leader in the development of computer vision and machine learning, data analysis, localization and mapping for Advanced Driver Assistance Systems and autonomous driving. Our technology keeps passengers safer on the roads, reduces the risks of traffic accidents, saves lives and has the potential to revolutionize the driving experience by enabling autonomous driving. Our proprietary software algorithms and EyeQ® chips perform detailed interpretations of the visual field in order to anticipate possible collisions with other vehicles, pedestrians, cyclists, animals, debris and other obstacles. Mobileye's products are also able to detect roadway markings such as lanes, road boundaries, barriers and similar items; identify and read traffic signs, directional signs and traffic lights; create a RoadBook™ of localized drivable paths and visual landmarks using REM™; and provide mapping for autonomous driving. Our products are or will be integrated into car models from more than 25 global automakers. Our products are also available in the aftermarket.

About Intel

Intel (NASDAQ:INTC) expands the boundaries of technology to make the most amazing experiences possible. Information about Intel can be found at�newsroom.intel.com�and�intel.com.


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