What Paul Walker’s Death in ‘Fast & the Furious 7’ teaches you about Insurance

The Fast and the Furious 7 has come to cinemas in Sri Lanka. Although the trailer focused on its usual buildup, nearly all of the attention is focused around the demise of Paul Walker, one of the lead actors of the Fast and the Furious franchise.

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Paul Walker, who played Brian O’Connor in the movie franchise

It was a tragedy when Paul Walker and Roger Rodas were involved in a car crash. It’s a harsh lesson about the importance of having insurance. Universal pictures claimed for a $50million Key Person Insurance payout. This is to cover various elements such as the loss of a high profile star, cost for getting replacements, production delays, time off taken for cast and crew to recover from the tragic incident etc.

Even in Sri Lanka, there are individuals who work in large companies who apply for key person insurance or life insurance in order to protect those who are most important to them.

At this point, we just want to say thank you: Thank you to Paul Walker for his amazing work in the Fast & the Furious franchise, for he has inspired millions around the world to take a look at the glitz & glamour of cars. In a cruel twist of fate, his life was tragically cut short. However, he has lived a life worth living.

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Disclaimer: The views shared in this blog are based on the macro economic conditions & industry status quo as per the time of publishing.

8 Ways to Drive in Wet Weather

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car

Attention! This car is powered by human brainwaves

Pay Attention

The Royal Automobile Club (RAC) of Western Australia has introduced the worlds first Attention powered car. Did you pay attention to the announcement?

Attention powered car
Image credit: RAC

How it works

Using brainwaves, the driver wears a headset while driving. The headset measures brain activity in real-time and monitors if the driver is focused by measuring the following criteria; engagement, excitement, fatigue, head movement rate and distraction. If the driver loses focus due to say, a sudden text message on their mobile phone and tries to take a sneak peek,  the device will detect that the driver has lost focus, and ‘reacts’ by slowing down the vehicle. As discussed earlier,  hands free technology doesn’t help minimize risk, so going along this particular route may be a step in the right direction.

Headset
The Headset. Image Credit: CNET

The Car slows down if at least one of these 3 things happen:

1. You switch tasks. i.e. your attention goes from the road to the radio.2. Your neural activity dips, or your blink and eye scan rate slows significantly i.e. you’re zoning out or fatigued.

3. The in-built Gyroscope detects that you’ve significantly turned your head away from the road.

International appeal?

Just like Sri Lanka, road safety is an issue around the world, with inattentive driving causing upto 12% of all motor accidents in Western Australia. Granted, the vehicle doesn’t look to be something which average motorists would buy-its highly unlikely that motorists would be inclined to wear a headset every time they go behind the wheel. Its a great tool to fight driver distraction but the results of these findings could be implemented in another way, say by creating an alarm which alerts motorists that they aren’t paying attention.

We are very excited about this technology. However, we want your thoughts. Tell us what you think in the comments!

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Disclaimer: The views shared in this blog are based on the macro economic conditions & industry status quo as per the time of publishing.


Sources

Find out More: Inattention, For The Better. [Accessed 13th November 2014].

Find out More: RAC’s Attention Powered Car, For The Better. [Accessed 13th November 2014].

Hands Free is not Risk Free

Question: Do you use a mobile phone or hands free headset while driving?

Be honest.

Stunning news

A new study sponsored by the American Automobile Association (AAA) found that drivers who use voice activated and hands free features to send texts, make phone calls, change radio stations or post on social media had a slower reaction time and higher level of distraction than those drivers who did not. This is a massive blow as it confirms what most people think: hands free is not risk free.

The mind can’t multitask

Although voice activated systems and hands free devices were designed to allow drivers to keep their hands on the steering wheel and eyes on the road, our brains cant multitask. According to the study, the area of the brain which processes moving images falls by 30% when talking on the phone. This means that drivers are more focused on the phone and a lot less on their surroundings, which can lead to more accidents.

Hands_free_phone
Image Credit: The Telegraph UK

Meanwhile… in Sri Lanka

Lets be honest: we’re at fault too. Whether it is to make a quick phone call home, texting the better half during rush hour, calling the kids so you can pick them up from tuition, ringing ahead to book a takeaway or even taking a picture of some hilarious Tuk Tuk Wisdom to upload onto Facebook. Its illegal and can cost you a major fine, or worse. The point is,  just because you have ways to multitask while driving, it doesn’t mean you should.

What do you think?

Do you feel that mobile phones/hands free headsets are a big reason for road accidents? Let us know in the comments!

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Disclaimer: The views shared in this blog are based on the macro economic conditions & industry status quo as per the time of publishing.


Source: AAA Foundation for Traffic Safety: Measuring Cognitive Distraction-Part II

Going Drinking? Here are 3 Painfully Easy Steps to get Home Safe

This week is a pretty good week to be Sri Lankan: Two holidays in the same week!! During these holidays, people choose to relax. For all you adults out there, this usually involves going to a friend’s place for a glass of alcohol (sometimes more!). Here are 3 steps to ensure that you have fun, and still get home safe and sound.

If you are throwing a party

Offer non-alcoholic beverages: The best hosts never push their guests to drink. Be a good host and offer non-alcoholic beverages: juice, water, soft drinks. Chances are some of your guests may not seek to over indulge.

Have some food: A well filled stomach slows the rate of alcohol absorption. Make it a point to serve many appetizers (everybody loves chinese rolls) or even a good meal, if your budget allows it.

Keep an eye on your friends: The funny thing about alcohol is, you know when somebody has had too much. If your guests show any signs of being overly tipsy, ensure that you arrange a cab or pair them up with a sober friend. Hiding their keys is a good option if they are a really close friend. After all, you wouldn’t  want your friend to get hurt… do you?

DO NOT drink and drive

If you are going out to drink

Be responsible: You are a consenting adult and should know your limits. By all means, have fun. However, the last thing you want to do is to be that person who drinks too much and is the embarrassment of the party or worse, get involved in a nasty accident.

Choose a designated driver: If you are going out with some friends, decide who will be dropping you off, and ensure your driver doesn’t drink any alcoholic beverages.

Call a cab: If nobody in your group is sober, take another way home. The cab may get delayed on popular holidays, but its better getting home late by 30mins than not getting there at all. Make it a point to have enough money to call a cab/tuk when you are going drinking. It gives you and your loved ones peace of mind knowing that you will be back home alive.

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Disclaimer: The views shared in this blog are based on the macro economic conditions & industry status quo as per the time of publishing.