oseven at open coffee athens lxxxii
TRANSCRIPT
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OCTOBER 2016
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Distinctions
M
European FinTech Awards 2016Amsterdam
iFinance Origamitalks about OSEVEN
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The problem Driving Needs
Changing
>$1Tril p.a. to global economy1.24M deaths & 20-50M serious injuries p.a.
andMotor Insurance companiesBuy the driving risk80% CLR(Claims+Exp.)/RevenuesCan’t motivatetheir customers to drive safe & eco
Pay based on howwe all drive
Don’t know theirweak points
Drivers
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A Pioneer Company For Insurance TelematicsΤhe company
Createsafe & eco drivers
Reducebusiness risk
Redefinerelationship with customers
Driving Behaviour Analytics
Smartphoneonlysolution
MachineLearning
techniques
DrivingBehavioural
modelling
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Insurance profit increase(per annum)
€180B€36B €60B
€24B
Premiums Current Gross Profit
EstimatedUBI Gross Profit (OSeven costs incl.)
65%Profit Increase
CLR: 80% CLR: 60%
Financial pitch to insurersUBI vs Non UBI in Europe
Claim frequencyreduction
30%
Data: Ptolemus
Based on 5M UBI subscribers in 2014
160MUBI subscribers by 2020
Global facts
The impact and benefits of UBI are proven
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Smartphone solution vs OBDThe Solution
Smartphone revolutionises the way we drive and we insure
Fast Scale-upMass appealing /Legal regulations
-70%of OBD solution cost
Million of euro savings
Mobile use recognition
Driver distraction causes25% of traffic accidents
Social Gamification / user friendly
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A flexible platformThe future
Datatransfer
RATING
SOCIALGAMIFICATIONClearing House of APIs
& Tech Aggregator
9.5years old in EU
11.5years old in USAvg. age of cars on the roads is rising
The Future
The Trojan Horse
The Past
3G
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Unique ValueProposition
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challengesDevelopment
Backend
• Big Data Analytics Engine
• Advanced Analytics
Mobile App
• Auto Trip Start / Stop optimization algorithms
• No Battery Drain
• No data plan usage
• Maximize user experience
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challengesMachine Learning
Harsh events detection Driver distraction Noise / in car activity
Driver ID recognition Driver / Passenger recognition
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challengesDriving Behavioral Modelling
Driver distractionWeather conditions
Harsh events frequencybased on road type and speed
Scoring
Risky hours
Speeding
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challengeChange Driver’s philosophy
Things are changing
awareness perception
educationfocus
What we mean by “cool driving”
Understanding of weakand strong pointsDistraction factors
Importance of our actions
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Mobile UseNo1 Killer among young ages 18-29yrs old in EU & US
M
Accidents do not happen, they are caused.
A texting driver is
23 timesmore likely to get involved
into an accident
In 26%of car accidents
mobile use is involved
A texting driveris basically blind for
4.6’’As long as it takes to cover the distance
of a football field at 100km/h
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Platform withbenefits
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Trip score according to mobile use, harsh events, driving speed, weather conditions and road type
Weather during the trip
TripsPay How U Drive
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5star driver experience
The Top 100 drivers according to oursafe rating system
Percentile of the driver
Overall performance basedon all trips’ score
7 badges and the Gold wheel earnedwhen driver holds all 7 badges and 5 stars
ScorecardPay How U Drive
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UsagePay As U Drive
Tailored made packagesbased on drivers’ needs
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Social GamificationStrong motivation
Comparewith others
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Create groups.Dare your friends!
Comparewith friends
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Maximizecustomer engagement
and improvement
PersonalisedBulk Messaging
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Web PortalBehavior Stats
Now you knowhow your fleetis actually
driving
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Web PortalYour Drivers
Know your drivers’ ranking & createefficient gamification
schemes
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Benefits for AllDirect Bridge
Data transferINSURERS
DRIVER FEEDBACK
Clearing House of APIs & Tech Aggregator
LEASING & FLEETS
AUTOMOTIVE
3G
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Who rates you?
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The team
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Not just a marketing toolΝot just another App
1 of the 8 members of the Expert Panel of the Global initiative“Together for Safer Roads”founded by: Anheuser-Busch InBev, AIG, AT&T, Chevron, Ericsson, Facebook, IBM, iHeartMedia, PepsiCo and Walmart
in the field of Road Safety, Driving Behavioural Analysis, Transportation Engineering,Machine Learning, Statistics & Risk Analysis
>25yrsof internationalresearch
€100Mestimated researchtotal budget
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The toolswe use
MML
DEV Cloud Computing
Big data
Sensor Fusion
Mobile SDK
Social Gamification
DBM
Data fusion algorithms
Multivariate Event Detection algorithms
Deep learning classifiers(Tensorflow & Python libraries)
Driving Experiments in simulator lab
Driving behaviour assessmentfrom Certified Trainers
Big data analytics
Advanced statistical algorithms
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OSEVENBoard of Directors
VassiliFounder & CEO
LedaCo-FounderHead of Design & Communication
FidelPartner @ Mojo.capital
LoukasDirector @ Yarrow Capital
MarcoFounder & CEO@ Upstream
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OSEVENCore Team
Prof. YannisResearch AssociatePHUD Modelling
Prof. Vlahogianni Research AssociateMachine Learning
Peter Co- founderHead of Research
Benjamin Head of Engineering
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