The Sharing Economy Using Insurtech to Effect Change
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The Sharing Economy Using Insurtech to Effect Change New York, June 8 2017 Omoove| © 2017 | Confidential omoove. com 1
About OCTO and Omoove| © 2017 | Confidential 2
About OCTO and Omoove The world’s leading insurance telematics provider The Europe’s leading shared mobility technology provider #1 Globally Insurance Telematics Provider 14 Years Operating History 39% Market Share 5 mm Connected Users 379 K Crashes Analysed 155 bn Miles of Driving Data 15 Years Operating History 5 K Vehicles Managed 650 K Connected Users 6 mm Rentals per year 370 K Invoices Managed per months Note: As of March 31, 2017. Estimated market data from Ptolemus Consulting Group; total addressable market data relates to a study commissioned by us. Omoove| © 2017 | Confidential 3
Context For every ‘Car Sharing’ car on the road: It removes 10 -15 traditionally owned cars from the road, that’s potentially 5. 3 m cars from the global vehicle fleet per year Users benefit from the reduced costs and improved convenience Car sharing is an high growth market forecasted to be worth more than $9. 2 billion in 2025 Source: Frost & Sullivan - fleet based and traditional car sharing (excludes P 2 P and Corporate) Members 16. 4 CAGR (2015 -2025) – Revenue 14. 3 CAGR (2015 -2025) Omoove| © 2017 | Confidential Cities and society benefits from reduced emissions, traffic and the need for infrastructure e. g. parking, road maintenance 2015 2025 Members* 7. 9 M 36. 4 M Cars 112 k 427 k Revenue* USD 1. 5 B USD 9. 2 B 4
Context Paradigm Shift from Vehicle Ownership to Vehicle Usage We are moving very quickly from public and private transport being separate businesses, to a more Integrated Multi Modal Mobility Network, due to changing demographics, preferences, and technology A User-Centric Approach to Mobility-as-a-Service Technology enabled, any device delivery of real-time, door-to-door, multi-modal travel encompassing pre-trip, in-trip and post-trip services bringing Convenience, Time & Cost Savings to the Mobility User “Asset Light” is the New Focus Area The digital disruption being seen in adjacent marketplaces is set to revolutionise Mobility next…this requires new thinking, e. g. policy, safety, insurance Innovative Mobility Categories are Growing & Evolving Technology is facilitating a rise in New Mobility Business Models, particularly app -based, on-demand services that encourage access to mobility, rather than ownership Source: Frost & Sullivan Omoove| © 2017 | Confidential 5
Context Shared Mobility Cars Owned by Companies Station-Based Car is assigned to a specific parking space Round Trip One Way Car Rental Free-Floating Corporate / Community Scheme Peer-to-Peer Car Sharing Cars Owned by Individuals Peer-to-Peer Ride-Sharing – Car Pooling Ride Hailing Note: Based on findings from BCG, Frost & Sullivan Omoove| © 2017 | Confidential 6
Needs and Technology Availability Today, shared mobility is an high growth market with differentiated models depending on: End User’s mobility need and Technology availability ü Leisure travel ü Flexibility ü Business travel ü Usability ü Inside the city home- office commute ü Offer range ü In/Outside the city home – office commute ü Solutions dedicated to End User’s Experience (Web, Mobile, Wearable) ü Inside the city private commute ü Solutions dedicated to Manager’s Experience: ü Inside/Outside the city private commute • Shared Mobility Management console ü Tourism • Levels of customization based upon manager’s needs ü Professional services • Levels of usage (Fleet / CRM / Marketing) ü Goods transportation • Levels of configurability (upgrades, scalability) Omoove| © 2017 | Confidential 7
VIDEO Omoove| © 2017 | Confidential 8
The Sharing Economy Using Insurtech to Effect Change New York, June 8 2017 Omoove| © 2017 | Confidential omoove. com 9
