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Startup InsurTech Award - R-telematica Start

  1. StartCASCO: Telematic solution for Usage-Based Insurance products worldwide May 2018
  2. ON-DEMAND INSURANCE A new approach to insurance with the use of digital technologies 7 Millions of potential policyholders (depending on the market size) Per minute and daily insurance rates Insurance Company "Don't pay for the air": - I don't pay when I don't use the car - Insure only those trips / days that I want Payment after Service. Saving. Easy input and convenient usage of the service: - FREE Mobile App - Without additional devices - On-line service New customers for a new type of car insurance Improving the economic indexes by attracting accident-free drivers Access to the Service Payment for services Audience capture Accident-free drivers identification
  3. STARTCASCO PLATFORM AT A GLANCE R-Telematica (http://r-telematica.ru/en/) – developer, integrator and operator of the complex telematics systems with more than 10 year experience servicing the insurance companies. Smartphone telematic device in car interface for insurance co. • Smart insurance products • Individual tariffs / discounts • New clients • Risk management • Portfolio improvement or R-Telematica invites insurance companies, insurance brokers and their technological partners to use StartCASCO platform on country- or region-based licensing. It takes 3-4 months to launch StartCASCO platform in any country of the world, depending on road network. • Evaluation of individual driving style. • Registration and analysis of accidents. • Country-wide road maps with dynamic accident forecast for each part of the road. • Safe route(s) recommendations. UBI Platform 9
  4. SERVICES FOR INSURANCE COMPANIES, INSURANCE BROKERS AND THEIR TECHNOLOGICAL PARTNERS Web-interface and mobile app for insurance company * Technological partner could be R-Telematica or other qualified company at the partner’s choice, depending on license type. Source data: - from telematic device in car or - from smartphone Insurance company / Broker - Smart insurance products «Pay how you drive» - New insurance products «Insurance-on-demand» «Pay when you drive & how you drive» Risk minimizing Insurance portfolio improvement New clients Returned clients Insurance-on- demand Personal driving style information Accident registration and analysis On-demand reports Safe route optimizatio n Car on- board diagnostics (OBD) Technological partner * Technical support Platform development 10 UBI Platform
  5. STARTCASCO ON-DEMAND INSURANCE 11 Project current status. Technology and software Mobile app "StartCASCO" access to the service Prediction of the accident, accident-free drivers identification On-line insurance On-line payment Demo mode Data transfer to driving security evaluation Accident map Accidprediction for the area for some period. Prediction of ent accident in some area of road. Static data for calculation Carriageway width The number of lines Speed rate One/two road way The existance of bus line Crosses and junctions types Junction type Road infrostracher objects (bus stations, crosswolks) Bridges, tunnels Visability Road top rake Static data for calculation Dinamic data for calculation Traffic rate Season and part of the day Weather condition Dinamic road data (accidents, repair works, road blocks) Accident statistics for Statistics data for calculations Accident statistics for Assessment of the driving behavior Estimating the probability of the particular driver meeting with an accident, based on the manner of car operation, taking into account the accident rate maps. Calculation data Aceleration and slowdown Longness Speed at time moment Speed rate breach Trip time Covered distance
  6. STARTCASCO ON-DEMAND INSURANCE 12 Case 1. One trip insurance. Per-minute insurance Calculation of basic insurance rate The calculation of the individual insurance rate Beginning and end of providing services Calculation of service price Accident map is in the base of the calculations. Unice technology of the amount of accidents for today based on calculations of the chances for accident on every part of the road City accident rate Price for one minute Driving behavior Price for one minute Taken into account the accumulated historical data on the safety of driving fear for the period. Using historical data on driving style to the promotion of accident-free driving. The press of "Start" button to determine he service period The end with the time period or pressing the button "Stop" The final bill for the provided insurance service is calculated from: Insurance period Standing time Individual insurance rate Driving safety evaluation for the trip Accident rate evaluation
  7. 13 The beginning and the end of service Accident map is in the base of the calculations. Accident statistics for Accident statistics Price for one day Driving behavior Price for one day Taken into account the accumulated historical data on the safety of driving fear for the period. Using historical data on driving style to the promotion of accident-free driving Choosing of service start time Ability to select a couple of days for Insurance The final bill for the provided insurance service is calculated from: Individual insurance rate for one day Driving safety evaluation Accident rate evaluation STARTCASCO ON-DEMAND INSURANCE Case 2. One trip insurance. Per-minute insurance Calculation of basic insurance rate The calculation of the individual insurance rate Calculation of service price
  8. SCORING: DRIVING STYLE EVALUATION Driver’s profile is based on key behavioral statistics: VIDEO: «Dynamic Scoring Model» https://vimeo.com/169690816 Fast acceleratio n Exceeding speed limits Intensive slowdown Dynamic forecasting of accidents for every interval of the road Static parameter s Statistical parameters Dynamic parameters Road type, width, number of lines, surface type and quality, connections, crossings, sinuosity, speed limits, etc. Accident statistics per road interval, time-, weekday- and season- linked Traffic, weather, repair work, closure, current accidents, etc. 14
  9. ANALYTICAL WEB-INTERFACE AND REPORTS FOR INSURANCE COMPANY Insurant profile: – Personal data – Driving style evaluation with analytics – Routes statistics 15 Accident registration and reconstruction
  10. CLIENT MOBILE APPLICATIONS – Driving safety evaluation – Online tracking of the car – Driving style analysis, fuel economy – Warnings about technical problems with the car – Information about accidents and evacuation of the car – Travel history Insurance On Demand (with smartphone only) Usage-Based Insurance (with telematic device in car) – Online insurance start/stop – Insurance in motion – Third Party and Theft insurance while not moving – Оnline payments – Prepaid service – Free demo mode – Data transfer for driving safety evaluation – Discounts for safe driving 16
  11. SCHEME OF THE PLATFORM Smartphones or telematic devices Data receiving subsystem Data archiving subsystem Weather service Mapping (GIS) service Traffic service (incl. statistics) Scoring subsystem Mobile app server Telematic WEB-portal Accident analysis Managing - clients - policies Financial reporting - internal - external Mobile app “Insurance on demand” (iOS/Android) Payment serviceStatistical service 17
  12. COMPETITIVE ADVANTAGES OF STARTCASCO 18 Scoring model Mobile scoring Using a dynamic environment evaluation. Accident map Mobile app and telematics platform «On-demand insurance» UK US
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