A presentation by Vassilis Stivaktakis

1. OCTOBER 2016

2. Distinctions
M
European FinTech Awards 2016
Amsterdam
iFinance Origami
talks about OSEVEN

3. The problem Driving
Needs
Changing
>$1Tril p.a. to global economy
1.24M deaths & 20-50M serious injuries p.a.
andMotor Insurance
companies
Buy the driving risk
80% CLR
(Claims+Exp.)/Revenues
Can’t motivate
their customers to drive safe & eco
Pay based on how
we all drive
Don’t know their
weak points
Drivers

4. A Pioneer Company For Insurance Telematics
Τhe company
Create
safe & eco drivers
Reduce
business risk
Redefine
relationship with customers
Driving Behaviour Analytics
Smartphone
only
solution
Machine
Learning
techniques
Driving
Behavioural
modelling

5. Insurance profit increase
(per annum)
€180B
€36B
€60B
€24B
Premiums Current Gross
Profit
Estimated
UBI Gross Profit
(OSeven costs incl.)
65%
Profit Increase
CLR: 80% CLR: 60%
Financial pitch to insurers
UBI vs Non UBI in Europe
Claim frequency
reduction
30%
Data: Ptolemus
Based on 5M UBI subscribers in 2014
160M
UBI subscribers by 2020
Global facts
The impact and benefits of UBI are proven

6. Smartphone solution vs OBD
The Solution
Smartphone revolutionises the way we drive and we insure
Fast Scale-up
Mass appealing /
Legal regulations
-70%
of OBD solution cost
Million of euro savings
Mobile use
recognition
Driver distraction causes
25% of traffic accidents
Social Gamification / user friendly

7. A flexible platform
The future
Data
transfer
RATING
SOCIAL
GAMIFICATION
Clearing 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

8. Unique Value
Proposition

9. challenges
Development
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

10. challenges
Machine Learning
Harsh events detection Driver distraction Noise / in car activity
Driver ID recognition Driver / Passenger recognition

11. challenges
Driving Behavioral Modelling
Driver distractionWeather conditions
Harsh events frequency
based on road type and speed
Scoring
Risky hours
Speeding

12. challenge
Change Driver’s philosophy
Things are changing
awareness perception
education
focus
What we mean by “cool driving”
Understanding of weak
and strong points
Distraction factors
Importance of our actions

13. Mobile Use
No1 Killer among young ages 18-29yrs old in EU & US
M
Accidents do not happen, they are caused.
A texting driver is
23 times
more likely to get involved
into an accident
In 26%
of car accidents
mobile use is involved
A texting driver
is basically blind for
4.6’’As long as it takes to cover the distance
of a football field at 100km/h

14. Platform with
benefits

15. Trip score according to mobile use, harsh events, driving speed, weather conditions
and road type
Weather during the trip
Trips
Pay How U Drive

16. 5star driver experience
The Top 100 drivers according to our
safe rating system
Percentile of the driver
Overall performance based
on all trips’ score
7 badges and the Gold wheel earned
when driver holds all 7 badges and 5 stars
Scorecard
Pay How U Drive

17. Usage
Pay As U Drive
Tailored made packages
based on drivers’ needs

18. Social Gamification
Strong motivation
Compare
with others

19. Create groups.
Dare your friends!
Compare
with friends

20. Maximize
customer engagement
and improvement
Personalised
Bulk Messaging

21. Web Portal
Behavior Stats
Now you know
how your fleet
is actually
driving

22. Web Portal
Your Drivers
Know your drivers’
ranking & create
efficient gamification
schemes

23. Benefits for All
Direct Bridge
Data transfer
INSURERS
DRIVER FEEDBACK
Clearing House of APIs
& Tech Aggregator
LEASING & FLEETS
AUTOMOTIVE
3G

24. Who rates you?

25. The team

26. Not just a marketing tool
Νot 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
>25yrs
of international
research
€100M
estimated research
total budget

27. The tools
we 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 assessment
from Certified Trainers
Big data analytics
Advanced statistical algorithms

28. OSEVEN
Board of Directors
Vassili
Founder & CEO
Leda
Co-Founder
Head of Design & Communication
Fidel
Partner @ Mojo.capital
Loukas
Director @ Yarrow Capital
Marco
Founder & CEO
@ Upstream

29. OSEVEN
Core Team
Prof. Yannis
Research Associate
PHUD Modelling
Prof. Vlahogianni
Research Associate
Machine Learning
Peter
Co- founder
Head of Research
Benjamin
Head of Engineering