COMPREDICT Announces Performance Guarantee on AI-Based Virtual Sensors
Insurance-backed guarantee by Munich Re Group Company ensures reliability, robustness, and performance of Virtual Sensors for in-vehicle data exploitation
Insurance Backed Performance Guarantee
Trust and accuracy are key for our customers and partners. COMPREDICT offers a performance guarantee for Virtual Sensors accuracy, backed by Munich Re Group Company.
Industry-First AI Insurance Partnership
COMPREDICT, a Germany-based provider of AI-based Virtual Sensors which enable large-scale exploitation of in-vehicle data, today announced a performance guarantee, insurance backed by a Munich Re Group Company.
COMPREDICT as one of the world's leading software start-ups within the automotive and mobility space, transforms raw vehicle data into insightful Virtual Sensors to close the loop between the development, usage, and service of vehicles.
Performance Guarantee Benefits
- Insurance backed by Munich Re Group Company
- Performance guarantee for Virtual Sensors accuracy
- Seal of quality, trust and credibility
- Risk management for AI-based decisions
- Due diligence validated performance
- Customer protection against underperformance
Market Challenge & Solution
With the ever-increasing trends of connected vehicles and sustainable mobility, vehicle OEMs and TIER 1 suppliers must produce vehicles that are smarter and more efficient in terms of development, monitoring, safety and usage-based service.
It is becoming extremely important for vehicle manufacturers to be able to analyze the in-vehicle data and get additional insights to understand usage and predict component lifetime. Getting such insights would usually require the use of additional traditional physical sensors, which is largely unaffordable in terms of cost or technical requirements.
Because the smartest sensor is the one which does not exist, COMPREDICT has developed a purely software-based technology called Virtual Sensors, which combines automotive and durability expertise with machine learning approaches.
Virtual Sensors Capabilities
Virtual Sensors allow OEMs and Tier 1 suppliers to:
- Replace legacy hardware sensors and reduce electronics in vehicles
- Add new measurement capabilities to vehicles at low cost
- Enable sensing information that they usually cannot access
- Monitor vehicle health and usage continuously
- Sense the future by forecasting component wear and fatigue
- Detect potential failures early before they occur
Building Trust Through Insurance
To convince its customers and partners of the reliability, robustness and performance of the solution, COMPREDICT is partnering with a Munich Re Group Company to provide customers with a performance guarantee for the event of underperformance by the Virtual Sensors.
Taking decisions based on AI models requires trust, which vehicle OEMs usually see as a risk. The performance guarantee backed by Munich Re helps our customers manage the risk, and it creates trust.
Due Diligence & Validation
Experts from a Munich Re Group company ran a due diligence on the performance of COMPREDICT's AI Virtual Sensors. More specifically, COMPREDICT now offers its solution in combination with a performance guarantee for the accuracy of Virtual Sensors, insurance backed by a Munich Re Group Company.
This rigorous validation process ensures that customers can trust the reliability and accuracy of COMPREDICT's AI-based Virtual Sensors for critical automotive applications.
Trust & Quality Assurance
Reliability
Consistent performance across diverse vehicle platforms and operating conditions
Robustness
Resilient AI algorithms validated through comprehensive testing and validation
Performance
Guaranteed accuracy levels backed by insurance coverage from Munich Re
Risk Management
Financial protection against underperformance reduces customer risk
About COMPREDICT
COMPREDICT is a Germany-based provider of AI-based Virtual Sensors that enable large-scale exploitation of in-vehicle data, especially for monitoring vehicle health and usage. COMPREDICT's Virtual Sensors technology enables OEMs, Tier 1 and fleet operators to gain deeper insights into how their vehicles are used and how they behave under real-life conditions.
COMPREDICT's unique approach combines automotive and durability expertise with machine learning and allows value-added insights on both wearable and non-wearable automotive components. The solution can be implemented in any type of vehicle regardless of its development stage, either embedded or as a cloud solution.
About Munich Re
Munich Re is one of the world's leading reinsurers with comprehensive global risk solutions. The company's Insure AI program provides insurance coverage for artificial intelligence applications, helping companies manage the risks associated with AI deployment while building trust with customers and partners.
Trust Your AI with Insurance-Backed Guarantee
Experience the confidence of Munich Re-backed Virtual Sensors performance guarantee for your automotive applications.
