As we had commented the previous month, the current crisis and the pressure in prices are moving to the insurance companies toward more novel products and it can be an incentive for the installation of PAYD projects .
In general it seems that we must give up 20% of the previous economic activity and the solution to this crisis passes to create new activities or to restate the current ones to give more value or to diminish the cost from a global point of view (that means those that the client pays but also those that it costs to the society), in this sense a project PAYD with its influence in the reduction of the use of the vehicle, contamination, traffic congestion and accidents seems to respond perfectly to this outline.
The insurance companies don’t usually inform on the results of their projects or tests because the competition among them is very hard and any small strategic advantage is very important, for that reason it is interesting the information that 7% of the new contracts of Solly Azar are PAYD policies, practically identical of the one that Norwich defined in England for young drivers. Solly Azar is a wholesaler insurance trader specialized in niches and with 120.000 automobiles assured in France.
In Italy the market of anti-theft of vehicles has been traditionally very important and this has created a suitable environment for the development of this sector.
Solly Azar uses Cobra equipment, which is working very intense and seriously in the project PAYD. This is causing a reaction on the part of Octotelematics, which had achieved an important penetration in the market of the added services and hoped to be able to take advantage of this to get a leadership position in the applications PAYD in Italy and for extension in other countries.
In United States there is a high social motivation toward PAYD and a good acceptance on the part of the public.
In South Africa has been presented a new project MiDriveStyle that seems to be very complete.
In fact the number of actors doesn’t stop to increase in the entire world, conform to it goes seeing clear more and more that the future spreads toward pay per use taxes, as much in Europe as in United States.
I have repaired an old link to a report in Spanish on the PAYD project which was exposed in the IGC 2006 and to the text in English of the patent EP070009.
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As always, I have upgraded my “Pay As You Drive Directory ” and my News Bulletin.
Yours sincerelly
Interim Management.
+ 34 649 49 17 70
+ 34 976 59 58 71
Email: s.minguijon@salvador-minguijon.es
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