Veoneer and Swiss Re enter partnership to further improve assessment and enhance development of ADAS technology
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The automotive technology company Veoneer, Inc. (NYSE: VNE) (SSE: VNE SDB)
and insurance company Swiss Re are pooling their knowledge and vast experience on road safety technologies to further enhance the evaluation and development of advanced driver-assistance technologies (ADAS) and related services.
Yearly, almost 1.4 million lives are lost, and 50 million people are injured on roads globally. ADAS has shown huge potential in reducing the number of road crashes and mitigating the number of fatalities and severe injuries.
In 2019 Swiss Re launched the ADAS Risk Score with the aim of creating a vehicle-specific insurance rating, taking driver assistance systems into account. Swiss Re and Veoneer share a mutual interest in gaining the best possible insights into the safety effects of ADAS in order to further improve and tailor the performance of such systems to drivers' habits, and accurately evaluate them.