Predina
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Predina provides location intelligence to enhance auto insurance risk assessment by utilizing AI to analyze accident data, weather conditions, and traffic patterns. The company aims to improve the profitability of auto insurers by integrating this data into existing risk models, potentially yielding significant financial savings. Predina's leadership team boasts over 20 years of experience in automotive data and telematics.
Predina
- 2. PREDINAPREDINA Location Intelligence to power the future of Auto Insurance [email protected]
- 3. TELEMATICS 3
- 4. WHEREHOW • Credit Score • Age • Gender • Driving Record • How you drive = TELEMATICS • Harsh Braking • Miles Driven • Vehicle Make • Vehicle Model • Vehicle Safety Features • Zip Code for theft WHO WHAT How they calculate risk now 4
- 5. Total amount of losses for Auto Insurance is increasing The average cost of accident claims is increasing $171.45 (2008) $207.06 (2016) www.iii.org - Insurance Information Institute** $132BN (2014) $173BN (2018) 5 Auto Insurers struggle with profitability
- 6. Not utilising Location Intelligence to its FULL POTENTIAL 6
- 7. 7 Medium safe Predina is providing the missing piece the location risk.. Our AI computes the accident risk of a location and time... 7 Safer Caution Hotspot
- 8. 8 > 14 MILLION ACCIDENT DATA WEATHER DATA ROAD INTERSECTIONS Our AI learns from patterns / conditions where accidents occur. Historical accidents + Spatio-temporal data Near Field Far Field Environment Road Geometry Road Features Traffic Volumes Weather Amenities Historic accidents Holidays Events 8
- 9. 9 WHO WHAT HOW Compliment Auto Insurer’s existing risk model’s to help price in a more profitable way WHERE PREDINA
- 10. 10 1 % improvement = $1.73BN (across US Auto Insurance for 2018) 10
- 11. 11 Leading Series B Insurtech UK Largest UBI Insurer in UK Leading US Connected Car Manufacturer in less than 6 months…. 11
- 12. 12 12 20+ years experience across Automotive Data, AI & Insurance/Telematics Management Team Bola Adegbulu Founder & CEO Founded Risk Scoring/Telematics startup (AutoMosys) Forbes 30 Under 30 Mobility. 20 years of Risk Scoring/Telematics experience Exited two fleet and telematics (UBI) startups Guy Barbor Head of Business Development Carlo Corsario (PhD) CTO CTO at Deep Learning on Satellite Images for Tropical Cyclones Classification Startup. Post Doc & Research Associate at Imperial College
- 13. PREDINAPREDINA Location Intelligence to power the future of Auto Insurance [email protected]