Our most ambitious project is our Predictive Analytics initiative that involves integration of large-scale motor vehicle records data with our developmental evaluations and psychometric measures of crash avoidance skill performance data to develop predictive algorithms and AI models. This will allow insurance companies and fleet managers to add human factors crash avoidance skill measures to their existing predictive models. We will soon be able to provide the missing component to telematics and UBI models: Driver Behavior Coaching Analytics. Mobile and other in-car monitoring devices that collect data on how the car is being driven can now be integrated with the driver’s crash avoidance skill proficiency. Our dream of creating a breakthrough diagnostic-prescriptive model that reduces crashes and crash severity is close to becoming a reality.
ADEPT Driver’s new predictive analytics service is specifically designed for insurance underwriters and fleet managers. We create and use predictive analytics and cognitive assessments regarding driving skills to improve insurance underwriting accuracy. Using human factors data from psychometric assessments of driver crash avoidance skills, insurers can refine predictive analytics for customer selection, retention and underwriting. We call this approach Psychometric-Based Insurance® (PBI).
Capture and analyze large data sets
Our large data sets capture program participants’ detailed performance on the six crash avoidance skill factors associated with over 90% of collisions. Then we integrate this data with your Usage Based Insurance (UBI) or connected car data to further improve predictive analytics. This revolutionary integration of technology will allow insurance carriers and fleet managers to improve management decisions and profitability while lowering loss costs.
Our psychometric-based data sets can monitor:
- Visual cognition and memory of what is happening 360° around the vehicle
- Hazard detection proficiency
- Evaluation of risk perception and changes in driving risk, including distracted driving
- Speed and space management proficiency
- Judging safe and unsafe gaps in traffic when making a turn or changing lanes
- Anticipating a corrective action
Helping your business
Enhance your existing predictive analytics
Designed for connected car and insurance technologies
Our service provides actuaries with verification that driver safety performance has improved. Using the core elements of our proven crash reduction training programs and assessments, we provide insurers with a “report card” of crash avoidance skill improvement and behavior change as a result of the training. We also have the capability to integrate human factors psychometric data with mobile or other devices that track and monitor a vehicle’s motion and other attributes.
Psychometric-Based Insurance® (PBI)
We can provide a PBI solution that significantly enhances your existing predictive analytics.
- Improved pricing models
- Improved insurance underwriting accuracy
- Selection of low risk / high value customers.
- Improved profitability