Cruizing Club & CPIC

 

B2B Software using Hardware

Tom Rutka         Quynh Pham

 

http://Cruizing.club

tom@runastartup.com

quynhpham@gmail.com

What we do 

Online Web & Mobile application that...

  • Collects driving metrics from drivers and understanding their driving behavior
  • Provides telemtery data to help with insurance claims
  • Promotes safe driving and helps reduce insurance claims

Team 

  • Serial entrepreneur with a successful startup

  • Reachoo Founder (Profitable, 300k monthly users, >500k profit)

  • Former IBMer
  • Traveled all over the world

  • BS Computer Science, Penn State University

  • User Interface Engineer, Designer, Innovator

  • Currently an Engineer at Credit Karma (startup valued at $3.5 billion)

  • Video Course Author on Udemy.com
  • Fluently Speaks Four Languages

  • Mostly Self-taught

Tom Rutka
Quynh Pham

Cruizing Club is… 

a unique product that helps insurance companies

  • Understand their drivers better
  • Get more accurate claims based on the drivers data at time of accidents
  • Promote safe driving among their members to reduce claims

How did iPod win over the market?

With a great software platform

Competition

Who will win?

VINLI Carport

Embedded Hardware in FIVE years

Cruizing Club

CPIC

Vinli

COMPANY DATA STREAM PROS CONS PRICE
     VINLI 4G GSM, Bluetooth Platform, Advanced API  - $199
Connect2Car GSM AT&T Security Alarm No Metrics, API $139-299
Delphi Connect 4G Verison Comprehensive Software Proprietary, Limited market $199
Automatic Labs Bluetooth   - No Cellular Data $99
Dash Bluetooth Inexpensive No Cellular Data $59
Carvoyant Bluetooth  - Desktop Only $99
Progressive Snapshot n/a n/a 90 days only $0
Allstate Drivewise n/a n/a n/a n/a
Cloud Your Car GSM   - No Diagnostics n/a

Features

Snapshots of driving data anytime for insurance claims

Send notifications to CPIC on any set triggers such as hard breaking, acceleration, geo-fencing breaches

Send notifications to CPIC on any set triggers such as hard breaking, acceleration, geo-fencing breaches

Improve pricing insurance policies based on driving history

Facilitate communication and data transfer between parties

Reputation system for drivers and social media integration

What Insurance Employees Say

 

As an insurance adjuster, it is much easier for me to pay a claim than to deny a claim.

https://www.reddit.com/r/Frugal/comments/1csu7j/those_tattler_devices_that_car_insurance

Key Insights

http://www.foxnews.com/leisure/2012/04/24/are-drivers-ready-for-big-brother-car-insurance-plans/

Key Insights

Most revealing stat: how much you break and how often.

Over-braking is a key indicator of an accident-prone driver.

...pay-as-you-drive is a growing tech trend

...becoming more accustomed to giving up their privacy if they can see the benefits.

http://www.foxnews.com/leisure/2012/04/24/are-drivers-ready-for-big-brother-car-insurance-plans/

Key Insights

Fox News

http://www.foxnews.com/leisure/2012/04/24/are-drivers-ready-for-big-brother-car-insurance-plans/

What Drivers Say About Insurance with OBD Devices

 

"I installed it in order to get an estimate from Progressive. After about a month they sent me an offer that was half of what I was paying to Nationwide, $608 versus $1,180 per year."

 

"I did it through Progressive, driving 2-3 times a week for 15-20 minutes.

30 days later I had a 30% discount, prorated"

 

"I used the Snapshot and got a 19% reduction on my premium. Only had to keep it installed for 3 months, and the reduction kicked in within 1 month, so totally worth it."

 

https://www.reddit.com/r/Frugal/comments/1csu7j/those_tattler_devices_that_car_insurance

Driving Big Data

[Emerging Markets]

Autonomous Cars
Traffic Patterns
Car Pool Sharing

DEMO

Cruizing Portal

By Tom

Cruizing Portal

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