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
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Reachoo Founder (Profitable, 300k monthly users, >500k profit)
- Former IBMer
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Traveled all over the world
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BS Computer Science, Penn State University
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User Interface Engineer, Designer, Innovator
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Currently an Engineer at Credit Karma (startup valued at $3.5 billion)
- Video Course Author on Udemy.com
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Fluently Speaks Four Languages
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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 |
| n/a | n/a | 90 days only | $0 | |
| 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