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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. €

0

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.

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

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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