Automated Crash Event Data Recording System in Vehicles for Auto-Insurance Industry using IoT

Abstract

The Automobile sector is the leading edge of global economic growth which intensifies the market share rapidly. The Automobile Insurance Industry ensures financial protection against property damage or corporal injury resulting from traffic collisions and against liability that could also arise there from. One of the strenuous processes explored in this industry is claiming the fund. In current scenarios, the most of auto insurance industry works on various tested traditional methods leading to time-consuming claim settlement and also fraudulent claims. The low level of accuracy and the manual processes are the raising encumbrances for an insurer which leads to dissatisfied customers. This paper proposes, an Event Data Recorder (EDR) which is fixed in the vehicles that continuously monitors and acquires the behavioural information of the automobile and the motorist during the crash. Once the crash event occurs, the EDR sends the data before and after the incidents automatically to the cloud with the help of IoT. Analyses of these recorded variables helps identify the genuine reason behind the cause of accident with better accuracy. Thus, this automated Event Data Recording System helps the Auto Insurance Industry to make facile claims and in the reduction of fraudulent claims.