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FAIR SIGNED

Future Advanced system for an on-demand Insurance Reliable product based on driving behaviour analysis

Total Cost €

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EC-Contrib. €

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Partnership

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ATTENTION there are some problems with word registering

ATTENTION there are some problems with word registering

ATTENTION there are some problems with word registering

ATTENTION there are some problems with word registering

 FAIR project word cloud

Explore the words cloud of the FAIR project. It provides you a very rough idea of what is the project "FAIR" about.

risk    turning    functionalities    selections    40    weekend    advertising    good    dealers    learning    rewards    pay    shifting    gasoline    coupled    think    demand    bonus    monitoring    multimedia    penalizes    market    tool    safety    underwriting    discounts    room    machine    expectations    connected    customers    data    launching    revolutionizing    cars    meets    oriented    superior    happier    digital    subscribing    outcomes    linked    app    crash    coverage    company    advantages    necessity    discount    malus    coffee    facilities    government    commercialize    driving    mile    fair    world    purchasing    ownership    policy    free    added    generalization    subscribers    insurance    war    reporting    back    big    business    driver    incur    accessing    introducing    setting    mandatory    cloud    cash    consumers    becomes    behaviors    analytics    customization    remote    broker    ecosystem    service    claims    ones    changed    tired    model    packages    car    accidents    competitive    health    burden    fleets    cooperation    pricing    drive   

Project "FAIR" data sheet

The following table provides information about the project.

Coordinator
AIR SRL 

Organization address
address: VIA VITTOR PISANI 16
city: MILANO
postcode: 20124
website: n.a.

contact info
title: n.a.
name: n.a.
surname: n.a.
function: n.a.
email: n.a.
telephone: n.a.
fax: n.a.

 Coordinator Country Italy [IT]
 Project website http://www.fair-myair.eu/
 Total cost 2˙507˙878 €
 EC max contribution 1˙755˙515 € (70%)
 Programme 1. H2020-EU.3.6. (SOCIETAL CHALLENGES - Europe In A Changing World - Inclusive, Innovative And Reflective Societies)
2. H2020-EU.2.3.1. (Mainstreaming SME support, especially through a dedicated instrument)
 Code Call H2020-SMEINST-2-2016-2017
 Funding Scheme SME-2
 Starting year 2018
 Duration (year-month-day) from 2018-04-01   to  2020-03-31

 Partnership

Take a look of project's partnership.

# participants  country  role  EC contrib. [€] 
1    AIR SRL IT (MILANO) coordinator 1˙328˙337.00
2    FIT2YOU BROKER SRL IT (VIGEVANO) participant 220˙411.00
3    MAVIGEX SRL IT (BOLOGNA) participant 206˙766.00
4    FIT2YOU SRL IT (SESTO SAN GIOVANNI) participant 0.00

Map

 Project objective

The world is shifting to a new business model, were customers have changed their purchasing path: they are happier subscribing to the outcomes they want, when they want, rather than purchasing a product with the burden of ownership. Consumers today have new expectations; they want to achieve outcomes, not ownership; customization, not generalization. The car insurance market is traditionally linked to the old bonus-malus model, a system that penalizes the ones who make accidents and rewards those who do not incur in them. In a consumer oriented world, insurance becomes a tool for the driver and not just a mandatory cost. What do you think about a relevant cost reduction (up to 40%) but also an added value according to driver behaviors? And what about a system connected with your necessity? A free coffee when you are tired? Gasoline discounts? A free coverage for your weekend because you are a good driver? FAIR meets such requirements, developing a cloud-based ecosystem to commercialize big data and machine learning based insurance, turning customers into subscribers. The coordinating partner in cooperation with an insurance broker and a multimedia company is launching an on-demand insurance service for connected cars. The new insurance policy is revolutionizing the traditional sector with a Pay-Per-Mile and Pay-how-you drive approach, introducing access to discount/cash back opportunities, setting-up and managing insurance packages via app and accessing new safety and reporting functionalities. The new model will be coupled with a service for car dealers and fleets that will bring advantages in terms of car health remote monitoring, knowledge of customers’ experience and advertising tailored service. The competitive advantages: superior risk selections and loss control; analytics to support digital underwriting process through a war room based on driving and crash data; better pricing and cost claims reduction and reporting functionalities to government facilities.

 Deliverables

List of deliverables.
Insurance legal frame-work Documents, reports 2020-02-19 08:18:39
Plan of exploitation and dissemination of results (PEDR) - First release Documents, reports 2020-02-19 08:18:39
Project graphic identity (LOGO), leaflet and poster Websites, patent fillings, videos etc. 2020-02-19 08:18:39
Project Website Websites, patent fillings, videos etc. 2020-02-19 08:18:39

Take a look to the deliverables list in detail:  detailed list of FAIR deliverables.

Are you the coordinator (or a participant) of this project? Plaese send me more information about the "FAIR" project.

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Send me an  email (fabio@fabiodisconzi.com) and I put them in your project's page as son as possible.

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The information about "FAIR" are provided by the European Opendata Portal: CORDIS opendata.

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