Swiss Re’s AI solution winner of the Porsche Data Cup
The winners of the first Porsche Data Cup presented their projects on the Startup Autobahn innovation platform: the successful applications included a digital logbook, an evaluation of accident damages using artificial intelligence and a tailored insurance calculation.
The participating teams developed new data-based business models in the categories e-mobility, smart home, insurance, and fintech since mid-May. Using the Porsche Car Emulator, they simulated real applications and tested them under real-life conditions on a digital likeness of a vehicle. This was based on replicated vehicle data that can be used to control more than 140 programming interfaces. The jury chose the AutoLogg, SwissRe and HDI teams as winners.
AutoLogg: logbook digitalisation
Keeping an analog logbook is tedious and prone to errors. Existing digital solutions use GPS data from smartphones or require additional hardware. AutoLogg offers the automatic and networked alternative concept: via a programming interface, the software communicates directly with the vehicle and tracks journeys in real-time. Journeys can be declared as business or private trips and transferred to a tax-compliant logbook via an app. Drivers save themselves manual work and benefit from accurate recording.
SwissRe: evaluating claims in record time
Reinsurer Swiss Re developed a modern solution for processing claims. Using artificial intelligence, the damage assessment time can be reduced from several days to just a few minutes. The sensors installed in the vehicle can detect which parts are damaged already shortly after an accident and transmit this data directly to SwissRe’s systems. Via an app, the policyholder can upload photographs of the damage which can then be analyzed by artificial intelligence within a few minutes. It detects whether the affected parts can be repaired or if they have to be replaced and, at the same time, determines the costs. Thanks to the vehicle’s connectivity, the previously paper-based and complicated process becomes simple and easy for the insurer and the customer.
HDI: tailored insurance solutions
Networking is also at the heart of this project by insurer HDI Group . Via an app, vehicle data such as kilometers driven can be directly shared with HDI. Users can transparently determine at any time which data they want to share via a dashboard. The goal is to reward the policyholder for using vehicle safety systems such as Lane Keeping Assist. For the customer, the result is a transparent and tailored tariff adapted to their own mobility needs.
Participants had the opportunity to test the Porsche Connect Partner Services (PCPS) interfaces during the first Porsche Data Cup. The platform provides external service providers with GDPR-compliant and standardized access to real vehicle data that can be used for product development. The vehicle owner always decides which of these offerings they want to use and which data they are prepared to release for this. In the future, a whole ecosystem related to all aspects of a vehicle will be created thanks to this service. The winners of the Porsche Data Cup will now have free access for six months and can develop their products further together with experts at Porsche.
