5th International Conference

Smart Insurance

February, 28th 2017

Holiday Inn Moscow Sokolniki

Event

Experts Predict ‘Smart Insurance’ Market Boom

What is the modern market of insurance telematics and smart insurance in Russia and overseas? What innovate technologies are already used and will develop in the years ahead, what services can secure profits on the insurance telematics market? Who needs insurance telematics, and how effective are technologies for service end-users? What is the future of insuring unmanned cars and Car Sharing service, new opportunities of insurance telematics using V2I (Vehicle to Infrastructure) technology and many other topics will be discussed by leading market experts at the International Conference “Smart Insurance”, which will take place in Moscow at the end of February.

J'son & PartnersConsulting predicts the market’s boom. According their forecast, by 2020 the total value of smart insurance market in Russia will be around 3.3 mln smart policies and the penetration level of smart auto insurance will reach 52%.

“In all developed and actively developing countries of North America and Europe over 13 mln. Drivers use insurance telematics. The American market almost entirely shifted or is close to shifting to technologies using smartphones in telematics systems. Europe, on the contrary, actively uses on-board devices. But, in any case, the penetration into the general auto insurance portfolio overseas in on the high level and is over 10%,” Alexei Kasatkin, Commercial Director of R-Telematica, comments. “At the beginning of 20017 12 Russian insurance companies have policies with telematics in their portfolios. Another 6 insurance companies are in search for solutions and model of applying technologies. According to different estimates, the number of ‘Smart KASKO’ agreements made is 35-55 thous. pieces. In spite of zero dynamics in 2016, the ‘reviving’ KASKO market and appearing of innovative, low-cost technologies give the opportunity to forecast over 100% sales growth of ‘Smart KASKO’ policies in 2017-2018”.

A couple of years ago a number of Russian insurance companies, among which are Intouch and AlfaStrakhovanie, launched successful pilot projects on smart insurance. In particular, they started installing navigation and communication equipment to collect data about insurant driving styles in exchange for discounts and bonuses. For instance, in AlfaStrakhovanie ‘Very Smart KASKO’ service the drivers, following accurate driving requirements, receive up to 55% discount on ‘AlfaBusiness’ KASKO policy. Car driving parameters are tracked by telematics devices installed in a vehicle free of charge. The owners of under-7-years-old foreign cars can join the new program. Intouch offers ‘Smart Insurance’ service, in which the careful and accurate motorists obeying traffic regulations have an opportunity to save up to 20% on KASKO policy cost.

As experience has shown, the services are in demand among motorists. And the market is expected to grow rapidly over the next several years. For instance, the Development Director, T-One Group JSC, Igor Kheresh points out that the market is absolutely perspective, as more than ever people want to save money, including on motor insurance types. “The insurance telematics helps us in it, as with its help we can significantly cut our expenses for automobile insurance. Furthermore, at the end of pilot projects it became obvious that the fraud level could be significantly decreased thanks to insurance telematics technologies, and this one of the most important arguments in favor of telematics. The result is that the insurance companies make profits on fraud reduction. The service users save money on expense for policy purchase, receiving discounts for their good driving. The state reduces the number of people killed or injured in road traffic accidents. The only thing left for an insurance company is to choose a qualitative operator, whose data will be always valid and trustworthy,” he says.

Now there are different insurance telematics products and services partially available on the market and actively developing. For example, Europrotocol services, RTA detection and reconstruction, mile-based auto Insurance, Pay-as-you-Drive, Pay-How-You-Drive, Manage-How-You-Drive are popular. In Europe Pay-As-You-Drive has been working since 2002. And in the USA it is in common use. A driver, ‘being watched’, becomes more accurate. The vehicle telematics has many other useful functions: satellite alarm system, or, for example, emergency service informing, remote diagnostics, location monitoring and others.

Alexei Smyatskih, CEO of SpaceTeam Navigation Holding, thinks that the smart insurance market development can be additionally stimulated with the use of commercial services based on GAIS ERA-GLONASS emergency service call devices, which have to be mandatory installed into all new cars starting 2017. And this is minimum 1.5 mln. equipped cars a year. “An ERA-GLONASS device has all necessary components to implement the ‘smart’ insurance functional. The only issue is to set equipment and to organize an relevant infrastructure of receiving and processing data from vehicles,” Smyatskih explains.

Pavel Bunin, Director of Services Development on Insurance, Leasing and Financial Markets, GLONASS JSC, forecasts the total growth in the market on 5-10% in 2017 and thinks that in the years ahead the telematics will command a significant part in retail insurance. He thinks that the main market tendency is a combination of different functions in one device, for example, functions of emergency service call device, on-board insurance telematics device, concierge-service and other services.

Along with that the market experts think that the mass introduction of services is stopped by legislation and jurisprudence imperfection, absence of a single complex approach, weak client loyalty and trust to new technologies.

For today the essential task of ‘Smart Insurance’ in Russia is to bring the market to unified standards. It includes creating a single database of drivers, unifying scoring parameters, choosing interesting business-models and many other things. The goal of the forthcoming conference is to discuss important issues and proposals for the successful and wide-scale introduction of ‘smart’ insurance services in Russia.

According to Yuliya Morozova, Development Director of ProfConference, an official conference operator, the ‘smart insurance’ market in Russia is successfully developing today. At the end of four passed annual conferences “Smart Insurance” there is a clear tendency of the market development traced from creating ideas and launching pilot projects to introducing and popularizing insurance telematics services.

The conference will be attended by Russian insurance companies providing or considering providing smart insurance services; foreign players of the insurance market; automobile manufacturers and auto dealers using, in the partnership with insurance companies, these services while selling their products; developers and manufacturers of telematics equipment designed for technical support to smart insurance services provision; developers of software for providing smart insurance services, system integrators, mobile apps developers; experts in the field of auto insurance, including insurance legislation; developers and providers of system solutions and equipment in the field of IoT and connected car technologies.

To learn more about the forthcoming conference, please visit the website: умноестрахование.рф

The conference organizer: ProfConferences

ProfConferences has been creating and successfully conducting business events of the international level, providing congress services and organizing mater-classes by world experts and gurus already for 15 years. The company portfolio contains the largest events in the field of high technologies and innovative development, among which there are the International Navigation Forum, Microelectronics Forum, ERA-GLONASS Congress, Smart Insurance Conference and others.

The organizer’s phone: + 7 (495) 641-57-17

Speakers

Pavel Bunin

Business Development Director on Insurance, Leasing and Financial Markets
JSC GLONASS

"National standards as regulation and development mechanism of usage based insurance market"

Andrei Makletsov

Director of Losses Settlement Methodology
Russian Association of Motor Insurers

"The Current Situation with Using Technical Means in Claims Settlement under 'European Protocol"

Igor Kheresh

Business development Director
T-One Group

"Welcome address"

Clelio Ruscitti

Senior Sales Account
Octo Telematics

“Crash & Claim: beyond traditional approach”

Timur Kuzeev

Deputy CEO for Insurance Telematics
Meta System

"Motor insurance market goes down. How we could use UBI"

Grigoriy Sizov

Head of M2M
VimpelCom

"The Market’s Prospects from an Angle of Technologies and Current Status of KASKO Market on the Whole. MNO Opinion"

Vitaly Solonin

Head of Wireless Technologies Department
J'son & Partners Consulting

"Insurance Telematics Market in Russia: Results and Expectations"

Vadim Yurko

CEO
Tinkoff Insurance

"CarMatic – the insurance product based on telematics development"

Evgeniy Miskevich

Managing Partner
Center2M LLC

"Prospects and Markets of Insurance Product Development in Russia"

Vasily Busarov

Technical Director
INTOUCH

"Profitable telematics: practice of creation of high-quality insurance portfolio"

Frank Shikhaliev

Motor Insurance Pricing Manager
Renessans Insurance Group

"Economatica – Experience in Launching a Telematics-Based Insurance Productоn"

Alexander Morozov

Director of Automobile Insurance Department
Smart Driving Labs

"New Methods of Insurance Risk Assessment"

Anna Mordovtseva

Development Director
CARIOT LLC

"Why Car-sharing is not Friends with Smart Insurance or Search for a Win-Win Strategy"

Alexander Nikiforov

Telematics Area Manager
NPO StarLine

How to attract reliable users of security and telematic equipment?

Evgeniy Ruzanov

Head
Farvater LLC

"Innovative Products and Solutions of the Company, Introduction Prospects"

Andrei Dyemin

CEO
Russian Media Alliance

"Effective Information Technologies to Promote and to Increase Insurance Product Sales"

Alexander Esvitsky

Director
cGuard LLC

"Modern Solutions to Insurance Telematics Issues"

Daria Zhdan-Pushkina

Partner at Redstone Chambers, Executive Director
Insurance Lawyers Society

"Legal Issues Related To the Telematic Services In the Area of Insurance"

Dmitry Rudash

CEO
Raxel Telematics

"Digital Underwriting - the next step in smart insurance"

AGENDA

February, 28th 2017, Holiday Inn Moscow Sokolniki

09:00 – 10:00Registration

10:00 – 11:45Plenary Session «Modern Market of Insurance Telematics in Russia and Overseas»

    Moderator: Pavel Bunin, JSC GLONASS
    Welcome address: Igor Kheresh, T-one Group
    Pavel Bunin, Business Development Director on Insurance, Leasing and Financial Markets, JSK GLONASS
    "National standards as regulation and development mechanism of usage based insurance market"
    Andrei Makletsov, Director of Losses Settlement Methodology, Russian Association of Motor Insurers
    "The Current Situation with Using Technical Means in Claims Settlement under 'European Protocol"
    Timur Kuzeev, Deputy CEO for Insurance Telematics, Meta System
    "Motor insurance market goes down. How we could use UBI"
    Clelio Ruscitti, Senior Sales Account, Octo Telematics
    "Crash & Claim: beyond traditional approach"
    Vitaly Solonin, Head of Wireless Technologies Department, J’son & Partners Consulting
    "Insurance Telematics Market in Russia: Results and Expectations"
    Grigoriy Sizov, Head of M2M, VimpelCom
    "The Market’s Prospects from an Angle of Technologies and Current Status of KASKO Market on the Whole. MNO Opinion"
    Vadim Yurko, CEO, Tinkoff Insurance
    "CarMatic – the insurance product based on telematics development"

11:45 – 12:15Сoffee breakк

12:15 – 13:45Insurance Companies, Automobile Electronics Manufacturers, Software Developers

    Alexander Morozov, Director of Automobile Insurance Department, Smart Driving Labs
    "New Methods of Insurance Risk Assessment"
    Evgeniy Miskevich, Managing Partner, Center2M LLC
    "Prospects and Markets of Insurance Product Development in Russia"
    Vasily Busarov, Technical Director, INTOUCH
    "Profitable telematics: practice of creation of high-quality insurance portfolio"
    Frank Shikhaliev, Motor Insurance Pricing Manager, Renessans Insurance Group
    "Economatica – Experience in Launching a Telematics-Based Insurance Product"
    Alexander Nikiforov, Telematics Area Manager, NPO StarLine
    "How to attract reliable users of security and telematic equipment?"
    Dmitry Rudash, CEO, Raxel Telematics
    "Digital Underwriting - the next step in smart insurance"

13:45 – 14:45Lunch

14:45 – 16:00Insurance Telematics Development Prospects

    Alexander Esvitsky, Director, cGuard LLC
    "Modern Solutions to Insurance Telematics Issues"
    Evgeniy Ruzanov, Head, Farvater LLC
    "Innovative Products and Solutions of the Company, Introduction Prospects"
    Anna Mordovtseva, Development Director, CARIOT LLC
    "Why Car-sharing is not Friends with Smart Insurance or Search for a Win-Win Strategy"
    Daria Zhdan-Pushkina,Partner at Redstone Chambers, Executive Director, Insurance Lawyers Society
    "Legal Issues Related To the Telematic Services In the Area of Insurance"
    Andrei Dyemin, CEO, Russian Media Alliance
    "Effective Information Technologies to Promote and to Increase Insurance Product Sales"

To learn more, please call: + 7 (495) 641-57-17

Contacts

123007, Moscow, 4th Magistralnaya st., 11, build. 2 (the Office Centre “Magistral”)
Phone: +7 (495) 641-57-17

office@proconf.ru
eng.proconf.ru

Venue

Sponsors and partreship

GLONASS Union
www.glonassunion.ru
Non-commercial Partnership for Development and Use of Navigation Technologies (GLONASS Union) is the Russian National Navigation Services Provider.

The Partnership was established on 21 May 2012 with the goal of development and adoption of GLONASS technology-based products and services in Russia and abroad. GLONASS Union members are leading Russian companies in telecommunication, IT, and navigation markets: PJSC “VimpelCom”, PJSC “MegaFon“,P JSC “MTS”, PJSC “Rostelecom”, PJSC “Navigation Information Systems”, JSC “Summa Telecom”, JSC “Kronshtadt”, Cesar Satellite Group, Yandex LLC, Association “GLONASS/GNSS Forum”, JSC “Control systems”, Federal state unitary enterprise “ZaschitaInfoTrans” of the Ministry of Transport of the Russian Federation, Russian Telecom Equipment Company (RTEC), JSC “GLONASS” and JSC “T1 Group”.

The main objectives of the Partnership are integration efforts of the state and navigation business for competitive development and scaling of the Russian navigation market and formation and implementation of a unified technical policy in the field of navigation.

31 December 2014 the Ministry of Transport of the Russian Federation signed an agreement on the implementation and maintenance of commercial operation of the "ERA-GLONASS" in 2015 with the GLONASS Union.

T-One Group
www.t1-group.ru
T-One Group it appeared to develop telematic products and services for consumer and corporate markets and for participation in governmental projects. Target verticals for T-One Group are:

  • Systems for analysis of safety driving
  • Intelligent transport systems
  • IoT
  • Systems for communications with customers based on geo-data
  • Systems for monitoring and management of fixed and mobile objects
  • Octo Telematics
    www.octotelematics.com
    Octo Telematics is the global brand leader in providing insurance telematics services (“smart insurance”). The company is a developer of a fast growing range of specialist applications for insurance and transport companies to mitigate risks of fraud and to optimize fleet management. Today, Octo Telematics has 8 out 10 of the world’s largest car insurers as clients. Based in Rome and London, Octo Telematics has a number of subsidiaries in more than 20 countries all over the world.

    IOT
    www.iot.ru
    iot.ru is a news portal, which main goals are to develop and support an information space around the Internet of things market and to create an attractive environment for investment in IoT and M2M technologies in Russia and CIS.

    МИГ «Страхование сегодня»
    www.insur-info.ru
    MIG "Insurance today" the company that offers information and PR support of the Russian insurance business through internet portals "Insurance today" and "Catalogue of insurance websites". "Insurance today" is a leading expert, informational and analytical web-resource for insurance market.

    Information Portal GAI.RU
    www.gai.ru
    Information Portal GAI.RU. Since 1999. One of the most popular online automotive magazine. Winner of Runet Award.
    Newsline, expert materials, opinion polls and most representative automobile forum in the CIS countries. Comfortable platform for communication motorists and the automotive market professionals.