Dear Ladies and Gentleman,
Since the publication of my last bulletin in September many things have changed in the business world.
We still don’t have very clear where we exactly are neither which will be the situation in which we will find a balance again. The insurance companies and in general the whole service sector is being subjected to a great pressure in prices that forces them to concentrate on restructuring and reduction programs cost.
This has been quite negative for the projects PAYD but the situation can change very quickly. The market is now much more receptive and sensitive to the prices and this improves the possibility to segment it and that is what really tries to make the PAYD project.
Accenture has published a magnificent study on the future evolution of the insurance, although I am not certain that it is available in English. And on the other hand Exigen has also published a notable work specifically on the project PAYD.
It is also of interest an article that analyzes the relationship among the cost per kilometre and the use of the vehicle, a study on the risk of the aggressive conduction and another about the risk in the conduction of the youths in England.
In France we surprise ourselves when discovering that AVIVA continuous his project in spite of the cancellation of the same one in England., being added to MMA, MAAF, Amiguiz (Groupama) and Solly Azar. A explosion of projects that has taken place as soon as the CNIL has moved away its veto to these projects.
We are also surprised that in England we find a new project Coverbox that contributes some novelties, it is led by the company Wunelli-Cobra and it seeks to constitute a technological platform on those that the insurance companies can hang their applications PAYD. This would solve one of the paradoxes that the PAYD presented and it is that it was very attractive for the small insurance companies that work on niches, but only possible for the big insurance companies, for those that represented more a risk that an opportunity. For now Co-Operative Car Insurance that has been added to the experience.
Also in England Admiral has begun to make its experiments, in this case with Greenroad.
In United States, Progressive continuous with their implementation and with Kentucky they are already nine the states in those that you can hire the policy MyRate.
There are interesting activities in India and Australia. and new news of companies that continue betting very strong for this such project as PTV and Skymeter.
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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