—– Original Message —–
From: s.minguijon@salvador-minguijon.es
Sent: Friday, November 30, 2007 9:21 AM
Subject: “Pay as you drive” Information
Dear Ladies and Gentlement,Traqueau has made a market survey among the professionals of the sector of the insurance in France, with the conclusions that it exists the impression that in a short term this system will reach a quota between the 15 and 20% of the market, the third part of the insurance companies would be ready to market its product in less than two years and most of them in a period between 2 and 5 years. The main barriers are the legal framework and the privacy respect.The publication Zukunfsletter is manifested in the same way and doesn’t doubt to predict that this project will change the sector of the automobile insurance.
It is very interesting to contrast these informations with the declarations of Markus Rehle, a significant Allianz executive, in which he expresses his doubts about if this project can be implanted in a significant way in the individual market in a short term. Being Allianz, together with Axa, one of the unquestionable leaders of this market in Europe, it is easy to suppose that this project is not of his pleasure because it implies radical changes and difficulties in a business that both companies perfectly dominated.
The following step for the consolidation of this project has been carried out by Magneti Marelli announcing an agreement with Telecom Italy for the development of telematic applications for the automobile, where the project “pay as you drive” would have a very important part.
The really thing is that there are other similar projects in gestation phase. Meanwhile in Italy the companies usually communicate their intentions and projects as soon as they have intention of executing them, in the rest of Europe the companies only communicate things that are absolutely sure of achieving. This is possibly because the Italians mainly value the creativity and they are very tolerant with the errors, while in other countries of Europe what prevails is the reliability.
A sample of this is the existent confusion with respect to the state of the projects “Pay as you drive” based on manifestations of different companies. The reality is that the insurance company that has installed more devices of Octotelematics is Unipol and that the own Unipol, when describing its application, does not really talk about what we understand as “Pay as you drive.”
So that the peoble who don’t know anything about electronic, and so they can make an idea of the evolution of this technology, I recommend them to see the page 13 of the catalog that Harald Naumann has sent me. Impressive, isn’t?
I hope that I can inform you on what has happened with the patent EP0700009 next month. I am convinced that it will have a great repercussion in the dynamics of this project.
If somebody wants that their address is erased of my distribution list, please return me this message with the word “DELETE.”
As always, I have upgraded my “Pay As You Drive Directory “ and my News Bulletin.
Yours sincerelly
Salvador Minguijón Pérez.
Interim Management.
+ 34 649 49 17 70
+ 34 976 59 58 71
Email: s.minguijon@salvador-minguijon.es
Web: http://www.salvador-minguijon.es
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