System and method for generating driving alerts based on multimedia content

A system for determining driving decisions based on multimedia content elements, comprising:

• a processing circuitry;
• and
• a memory connected to the processing circuitry, the memory containing instructions that, when executed by the processing circuitry, configure the system to:
• obtain, in real-time during a trip of a vehicle, a first set of multimedia content elements captured by at least one sensor deployed in proximity to the vehicle;
• and
• generate, in real-time, a driving alert, when it is determined that at least one signature generated for the first set of multimedia content elements matches at least one signature generated for a matching multimedia content element of a second set of multimedia content elements, wherein each of the second set of multimedia content elements is associated with a predetermined potential cause of collision.