BANK OF AMERICA MERRILL LYNCH CONFERENCE CALL TELEMATICS AUTO INSURANCE REFERENCE MATERIALS WHAT IS TELEMATICS AUTO INSURANCE?
Ｔｅｌｅｍａｔｉｃｓ Telecommunication Informatics （遠隔）通信 情報工学 ■ Expectations are high for telematics auto insurance and services as an incentive insurance to encourage drivers to drive more safely. Based on telematics technology, the product uses various types of data collected from automobiles. Reduction in Awareness of accidents safe driving Data gathered Data-based From Auto insurance automobiles
Sudden acceleration ・ sudden braking ・ handling Driving ・ Distance ・ Speeding ・ Time tendencies General roads ・ major roads ・ highways ・ Ratio of more dangerous roads External Road type conditions Rainfall ・ cloudiness ・ temperature ・ sunlight ・ wind speed ・ location, etc. ■ Telematics insurance being developed around the world ■ Most widespread in the US, UK, Italy, and South Africa Location Recent developments ■ Most developed telematics insurance market US ■ Market leader Progressive Auto Insurance has 4mn+ policyholders ■ Primarily through use of mounted devices and smartphones ■ Most UK business models are oriented toward younger drivers, Europe with high premiums ■ In Italy, telematics insurance is largely intended to deter theft using mounted devices
BACKGROUND TO DEVELOPMENT OF TELEMATICS AUTO INSURANCE ■ Aioi Nissay Dowa Insurance Co. was formed in October 2010 from the merger of Aioi Insurance Co. and Nissay Dowa General Insurance Co. ■ Aioi Insurance was formed from the merger of Dai-Tokyo Fire & Marine Insurance and Chiyoda Fire & Marine Insurance Dowa Fire & Marine Insurance and Nissay General Insurance merged to form Nissay Dowa General Insurance ⇒ Non-life insurance company with strength in automobile insurance. Offers progressive products and services Dai-Tokyo Fire & Marine Insurance First insurer to offer Road Service Aioi Insurance Co. Apr 2001 Aioi Nissay Dowa Chiyoda Fire & Insurance Co. Marine Insurance Original products and services for October 2010 Toyota market Strength is automobile insurance, offers progressive products and services Dowa Fire & Marine Nissay Dowa General Focusing on Toyota ・ Nissay Insurance market Insurance Co. Nissay General Apr 2001 Insurance
Original Products for Toyota Vehicles An auto insurance developed from crash tests Original products developed based on partnership with Toyota Don! To omakase ・ A convenient and reasonable auto insurance premium that ・ The only Japanese insurer with crash test facilities and allows automobile installment payments and insurance with original products developed using the company’s premiums to be paid together 「 Conbini Plan 」 close affiliation with an automobile manufacturer. ・ Auto insurance with no accident incentive, payable with ・ Company crash test facilities are used to assess credit card 「 Nagaraku Plan 」 vehicle durability and ease of maintenance to offer ・ Automobile insurance affiliated with T-connect, Toyota’s insurance premium discounts. telematics service 「 Tsunagaru Automobile Insurance 」 WHY AIOI NISSAY DOWA INSURANCE ENTERED THE TELEMATICS AUTO INSURANCE BUSINESS
The expanding connected car market ◆ Automobile market forecast ◆ Connected car market forecast (unit:10,000cars) 2012 2025 Decline ▲640 World 7.6mn 85mn from 2014 Japan 90,000 12.75mn Approximately 140x bigger ＊ Source: Automobile Dealers Association. Bigger profits Higher company costs Promoting safe driving reduces accidents and from lower unit cost (discounts) and telematics lowers insurance payouts fee cause profit to decline → Bigger profits Profit Company costs Higher company costs → Lower profits Fees Reduction in payouts go toward profit Insurance claim payouts
Preparing for autonomous vehicle insurance Who is the responsible Auto insurance companies that cover party for accidents autonomous vehicles involving autonomous need the ability to collect driving? and the expertise to analyze travel data in order to pinpoint the Can the cause of self- cause of accidents driving vehicle accidents be investigated? System malfunction, cyber attacks ・・・ One of the first telematics insurance companies to How are accident work together with conditions confirmed when automakers ahead of the autonomous vehicle autonomous vehicle system is in use? coverage TSUNAGARU KURUMA INSURANCE PRODUCTS AND SERVICES
Japan’s first telematics automobile insurance 2004 PAYD : Pay-as-you-drive (insurance premium reflects actual distance traveled Vehicle data is collected automatically using telematics technology Insurance premium paid only on actual monthly distance traveled (unit: 1km) Japan’s first insurance that reflects driver behavior “TOUGH-Tsunagaru” Auto Insurance Telematics auto insurance for Toyota connected cars
“TOUGH-Tsunagaru” Auto Insurance Provide necessary data Toyota Smart Center provide the to calculate premium, driving data provide service Customer Aioi Nissay Dowa Insurance Provide Insurance and Service Toyota Dealers Connected Car “TOUGH-Tsunagaru” Auto Insurance Enjoying to drive safe You can feel that your driving skill is progressing while having fun by Safe Driving Score. we provide 2 kind of advice “Drive Report” & “Monthly Report”. Confirm your drive every time You can feel Drive Report your driving skill is progressing Drive Report by Safety Driving Score. Confirm your result every month Monthly Report Alarm Information Alarm information You can get alarm information You can get alarm information from your car. from your car. ・ Drive Report Map ・ Alarm Information ・ Safety Driving Score ・ Advice for you ・ Safety Driving Score ・ Advice for you ・ Calculated premium Score ranking We will provide New Service to make your driving Campaign more fun since Dec. 2018.
“TOUGH-Tsunagaru” Auto Insurance Saving by drive safe You can get discount spontaneously during enjoying safety driving. You can get discount by safety driving completely. Premium is consisted by “Basic Driving Premium ” and “Driving Basic Premium Premium Premium” Calculated by “Distance” Driving Premium is calculated by “Safety Driving Score” and “Distance”. Driving Premium Safety Driving Basic Premium Distance Score Calculated by “Safety Driving Score” Driving Distance for a year Drive Score You can get discount by safety driving 80 ~ 80~ score 80% OFF score Driving Score Driving Premium Basic Premium 60~79 60~79 score 40% OFF score ~59 ~59 score score You will be satisfied with reasonable premium. “TOUGH-Tsunagaru” Auto Insurance Safely driving point How to confirm premium It is important to know safely driving’s point for getting high score. You can confirm both monthly and driveing premium by using application . Starting Driving Stopping App Accurate Acceleration off Soft acceleration following distance earlier How to get high score premium discount You release the gas pedal You hit the gas pedal This is the point to keep early when you speed down. calmly when you leave. accurate following At first you hit the brake After that you hit more distance. calmly and hit firmly step HP gradually. by step after it works. Sudden acceleration Over speed Sudden brake Reasons of low score You may speed up You feel impact like being unconsciously when you You feel impact like falling pulled back when you hit the drive at the fast lane for a forward when you hit the gas pedal suddenly. long time. brake suddenly. You can also confirm past data. premium discount
“TOUGH-Tsunagaru” Auto Insurance Supporting for your safety We call to customer of “TOUGH-Tsunagaru” automatically when the car get big impact. We support to ask towing service and making accident report. Then we also call to your family. Safety Safety Emergency Real Time Support Safety Watching Support For For Driver Family We call you to confirm your safety when TOYOTA connected car gets big impact and inform about it to report We send e ‐ mail to your family about accident, injure or not, use ambulance or not. reception desk automatically. This service was created by customer’s voice. Call you Send e ‐ mail for your family about accident You 〈 arrange tow service, rent car and report accident 〉 〈 inform about accident, injure and ambulance 〉 Your family Aioi staff report reception desk We also send e ‐ mail for your family in below cases. If you don’t need calling from Aioi.. Worrying about your Worrying about your If you don’t need calling from Aioi, We send you e ‐ mail. Worrying about your parents who live in far husband who commute We will arrange tow truck, rent car and report accident after we got contact from you as usual. child who just get car distance. by car. license. Contact you by e ‐ mail Aioi staff Calling about accident You report reception desk TSUNAGARU AUTO INSURANCE SALES THUS FAR
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