THE SUBTLETIES OF PROFITABILITY

International Insurance Forum 2014

Istanbul – April 7th 2014

THE SUBTLETIES OF PROFITABILITY



“It is a very sad thing that nowadays there is so little

useless information.”

Oscar Wilde



AbundentFast Transmisible

Easy to undestand

VALUABLEUsable

Information



• AUTOSEL

•ASIS

•SERVISEL

•SPSEL

•INKASSO

•EURODEMONT

•JUSTALERT

Our portfolio:



Claims evaluation• It represents a transparent, accurate and neutral method of evaluating the repair costs;• It transmits the collected data (the calculation and images) straight to an insurer’s servers in real time;Decission making tool

ASIS



What next?

Sell wrek Repair

SERVISELAUTOSEL



Online car wreck auction system• It is the first step in order to conserve the amount paid for a claim;• It is not dependent of the age of the vehicle or the technical characteristics;•The recuperated amount reached peaks of 70% of the insured value (average - 35%);•Developed in 2006.

AUTOSEL2012

> EUR 18 million2013

> EUR 20 million2014 – 1st quarter> EUR 12 million



Repair costs auction system•The body shops compete to repair the vehicle at the lowest costs;• The repair time decreases consistently;•It helps find the best suited body shop to complete the repair;• It has reduced normal repair costs by a minimum of 18%.

SERVISEL



How far can one take a repair process?



INKASSOFraud prevention tool•Provides info about a vehicle based on the VIN• Allows to track car wrecks that were repaired and then reinsured;• Combines with data about persons involved in other fraudulent activities.

Fraud prevention 2012

> EUR 45 million2013

> EUR 80 million2014 – 1st quarter> EUR 30 million



Thank you for your attention!

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THE SUBTLETIES OF PROFITABILITY