Driver Assisted - Insurance Reduced - Connected Cars

• Moderator - Doug Wilson – IoT Specialist, Verizon Partner Program – Verizon Wireless

• Jordan Guter - Senior Solutions Engineer -Geotab Inc.

• Craig Copland - Senior Vice President -Swiss Re Management (US) Corporation

• Sam Kanakamedala - Director of product Management and Market Development -LILEE Systems

• Nino Tarantino -North American CEO - OctoTelematics North America LLC

Driver Assisted - Insurance Reduced - Connected Cars

• If we want to talk about convergence, we don’t have to look beyond telematics and the automotive industry. Connected vehicles are making humans better drivers by delivering alerts and alarms concerning our surroundings and our driving behavior. How does this impact insurance? Have we seen an improvement in Highway safety? Are there lessons are to be learned that can be shared with other industries?

• Industrial IoT solutions company, leading transportation segment– Incorporating wireless hardware, software and services for mission critical applications

– Cloud infrastructure to support asset management and analytics across multiple verticals

• Founded in 2009 & headquartered in Silicon Valley

• Key Solutions– Connected Transport, Connected City, Connected Industry, Connected Retail

LILEE - Company Overview

Industry leading customers and partners

2 LTE-A Radios

2 Wi-Fi 802.11AC

Industrial PC with storage

HDMI, USB, Serial, and Digital I/O

Gyro for driver behavior/collision detection

OBD for Telemetry

LILEE 5-in-1 Gateway

Cloud Mgmt + Communication + Fog Computing + Application Interfaces + Sensors

Open Cloud platform

6/4 Gigabit Power Over Ethernet

GPS for location

IoT Hub for the vehicle

• Cyber security is the #1 focus of any provider of data from vehicles - OEM and aftermarket.

• Geotab active on standards committees developing the way data is collected, recorded, transmitted and made available.

• Fleet vehicles drive all day collecting more valuable information, contributing more potential for machine learning and advancement of solutions including improving road safety.

Fleets self-insure (loss control)While Consumer use of data from OEM vehicles may be for auto insurance providers, large fleet customers (all of Geotab fleet customers over 1,000 vehicles self-insure their claims)

Self-insurance requires more features:1. In-vehicle driver coaching (loss

control) (ex: IOX GO Talk)2. Third party Motor Vehicle

Record (MVR) reports policy with shared vehicles requires Driver ID (ex: IOX NFC)

3. Configurable Notifications and Rule that cater for individual fleets

Safety

Accident Detection

• Automatic accident retrieval and reconstruction

• Data is used for court cases, with Geotab actingas expert witness

• Back-up detection via accelerometer and engine

The Intelligence behind Insurance Innovation

Nino Tarantino, CEO North America@octousa

octoUSA.com

Then Now

BRAKING

DISTANCE

ACCELERATION

CORNERING

LOCATION

DURATIONROAD TYPE

CONTEXTUAL DATA

COLLISION

Then

Now

Collecting over 2,000 parameter combinations

Road Type

Distance

Collision

Direction

Location

Cornering

Braking

Duration

Comprehensive set of real-time driving data …

Data collection

Software, data and analytics

• Raw data is processed into actionable intelligence

• Risk correlation and actuarial capabilities support industry leading driver scoring models and pricing algorithms

…feeding into a proprietary analytics platform…

Advanced analytics

Insurance Solutions

Claim Management

Crash Reconstruction

Pricing Service

Emergency Call

Stolen VehicleRecovery

Risk Assessment

DigitalSolutions

…transforming auto insurance …

Insights for insurance companies

CONTINUOUS INNOVATION

Questions

• How will vehicle networks evolve to support analytics driven use cases such as insurance management?

• Is rideshare + insurance the killer app for IOT in Transportation?