Srikanth Challa, Infosys, presents on BizDay at CordaCon 2019.

1. USAGE BASED INSURANCE
SOLUTION FROM INFOSYS
ON R3 CORDA
CordaCon,
London
Oct 24, 2019
Sri Challa
Senior Director
Infosys Blockchain

2. What is changing?
incentives
behavior
risk
premium
THE LOOP
Premiums collected
(-)Claims disbursed
INSURANCE
OVERSIMPLIFIED
loss,
prob.
Admin
shared
eco.
unit
of ins.
CHANGING ROLE OF INSURANCE
FROM TRANSFER OF RISK TO PREVENTION

3. A r t i f i c i a l
I n t e l l i g e n c e
B l o c k c h a i n
I o T &
S e n s o r s
t ru st
t ran sp aren cy
mu lt i- p art y co llab o rat io n
classif icat io n
p red ict io n
in sig h t s
real- t ime
p h ysical wo rld d at a
CONVERGENCE OF TECHNOLOGIES

4. USAGE BASED INSURANCE
Premium calculation
v Not only on historical data
v Vehicle performance
v Driver behavior
v More accurate pricing
v Based on historical group data
v Lacking real-time tracking
v Support shared economy
v Less transparent/personal incentives
challenges with old systems
v Incentives drive lower risk & premiums
v Better risk management for insurers
v Transparent data, personalized premiums
v New offerings for changing demands
how can blockchain help?

5. INFOSYS INTELLIGENT APPLICATIONS PLATFORM
IIAP enables Enterprises to build Next Generation Applications that are
Connected, Intelligent and Decentralized
AIIoT DLT IIAP
Individual
Fleet Manager

6. USAGE BASED INSURANCE WITH INFOSYS IIAP ON R3 CORDA
Fleet management has become complex with ever
increasing demand for fleet services and increased
expectations of clients with respect to quality and
standards related to fleet operations. Vehicle
experience has become key differentiator between
fleet operators.
Clients
Servicing
InsurerOperations IT
Fleet staff
Vehicles
Fleet Manager
r e a l - t i m e v i s i b i l i t y
p r e d i c t i v e m a i n t e n a n c e
b e h a v i o r a n a l y s i s
u s a g e b a s e d i n s u r a n c e

7. Insurer
Fleet Manager
Telematics
Provider
1. Apply for ‘Initial’ UBI Policy
2. Issue ‘Initial’ UBI Policy
3. Record key trip data
from Telematics device 4. Send Trip Score
5. Re-issue ‘Updated’ UBI Policy
VIN : 5GZCZ43D13S812715
Policy No : 823-9868-541
Duration : 1 Feb – 28 Feb 2019
Prem :$105
Participants
Fleet Manager and Auto Insurer
Historic
FLEET MANAGEMENT ON R3 CORDA WITH INFOSYS IIAP

8. DEMO

9. Sri Challa
Infosys Blockchain
srikanth.challa@Infosys.com
Thank you!