PRESS RELEASE : Kasko2go Catapults Insurance Forward with Big Data

DGAP-News: Kasko2go / Key word(s): Miscellaneous 
Kasko2go Catapults Insurance Forward with Big Data 
2021-04-08 / 09:30 
The issuer is solely responsible for the content of this announcement. 
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Kasko2go Catapults Insurance Forward with Big Data 
ZUG, SWITZERLAND / ACCESSWIRE / April 8, 2021 / Kasko2go is dedicated to building the first risk assessment solution 
for the car insurance industry based purely on irrefutable data. Over the last four years, the company has invested 
significant time and resources into developing the infrastructure for providing reliable probability assessments of 
driver accidents via its Normal Sigma solution and performed extensive due diligence on over 130 potential data 
providers. Due to the complexity of kasko2go's Big Data requirements, it has been challenging to find a provider that 
can deliver complete and accurate data in sufficiently high volumes necessary to generate the accident probabilities 
for drivers. 
Therefore, it is with great pleasure that the company announces a partnership with HERE Technologies. 
REALLY BIG DATA 
Reflecting road conditions in real time 
HERE, a global location data and technology platform, is a leading provider of traffic information. The company 
aggregates, anonymizes, and analyzes traffic data from an advanced mix of sources. These include sensors from connected 
vehicles, connected devices like smartphones, fixed road sensors, and governmental authorities. Alongside real-time 
traffic information, HERE also offers access to an extensive database of trillions of historical traffic records, 
providing insights into road conditions and analyzing and predicting traffic. 
Data from over 3 million kilometres of road 
Kasko2go now receives high-quality and accurate traffic data from over three million kilometres of road in the DACH 
region, updated every five minutes. This data shows the volume of cars passing through a specific road segment at any 
time of the day. Combined with existing data sources, including accident data, HERE's traffic feed now forms the 
cornerstone of kasko2go's entire system. 
With this final piece of the puzzle in place, kasko2go now has all the necessary data for Normal Sigma to deliver 
accurate accident probabilities for drivers to the motor vehicle insurance industry. 
So big that it takes three months to download 
Kasko2go has already begun downloading over 27TB (27000GB) of historical traffic data from HERE, a process that is 
likely to take three months due to the sheer quantity of data. To manage this process and volume of data requires an 
experienced team of data scientists in which the company takes great pride. 
Oleg Korol, Chief Technology Officer at kasko2go, states of the partnership with HERE: "This quantity and quality of 
data is required for our advanced AI models, and ensures that we provide a trustworthy risk assessment solution to the 
car insurance industry at a time when the sector is evolving." 
BETTER DATA FOR BETTER PRICING 
The main reason for a high loss ratio in the car insurance business is price competition on premiums. In the case of 
high market elasticity, insurers can only compete where their prices are lower than their competitors, resulting in 
many policies being underpriced. 
This situation results in a higher actual loss ratio, also known as a "winner's curse." The wider the spread of 
estimated rates from the correct ones, the stronger the winner's curse becomes. In an ideal world, if all premium rates 
were set correctly, there would be no winner's curse, and the loss ratio would be precisely as expected. 
Better pricing can be achieved in two ways. The first is to use a better model for pricing, which is generally a core 
part of the insurance industry business model. The second way is to use better, more accurate data regarding the 
probability of any individual driver having an accident. However, acquiring additional data is often not part of the 
insurance process. 
Therefore, kasko2go offers the insurance industry an opportunity to take advantage of additional and more elaborate 
data regarding the probability of motor vehicle accidents. However, kasko2go also processes and models vast amounts of 
raw data to provide insurers only with the information directly relevant to better risk categorization and supports 
their pricing modeling processes. Ultimately, kasko2go aims to make the whole motor vehicle industry more profitable by 
using a more successful data approach. 
Genadi Man, CEO of kasko2go, believes that the current industry challenge has arisen due to the pace of technological 
change in terms of big data and analytics. Ultimately, with the entry of firms that can support the changing digital 
landscape, the motor vehicle insurance industry will see more sustainable improvements in this regard. Price will 
continue to play a key role, but data will become the main component of decision-making, leading to a competitive edge 
due to lower loss risk. 
Conclusively, it is the power of insights that guides business leaders to make smarter decisions and generate greater 
profit. "I am therefore very pleased to welcome HERE as a new partner, as they provide us with an extremely valuable 
data service" says Genadi Man. 
Dieter Lange, Head of Partner Sales EMEAR at HERE Technologies, adds: "We are excited to collaborate with a partner 
like kasko2go, bringing data-driven innovation to the insurance industry. It is great to see our comprehensive traffic 
data applied in a way that supports kasko2go's vision to increase the profitability in the motor insurance process 
through mobile technology and big data. That's why we are happy to also provide additional sales support to kasko2go 
within the framework of our HERE partner program." 
ABOUT KASKO2GO 
Kasko2go is a company that develops technologically advanced solutions for the car insurance industry. Through the use 
of big data, smartphone apps and integration systems, unique algorithms are being developed to dramatically improve 
insurance processes and profitability. The company's mission is to create value for all market participants, from 
insurers to motorists to private users, using state-of-the-art technology. 
The latest business solution enables car insurance companies to identify the accident probability of their insurance 
customers and thus to structure their portfolio profitably. In this way, drivers can also benefit from more attractive 
premiums and, in general, this solution contributes to safer roads. Unlike conventional telematics solutions, Normal 
Sigma uses only proven factors that influence the probability of an accident for calculation purposes. 
In addition to this solution, kasko2go offers the first absolutely free CAR UBI as an open source. The simple 
integration via SDK or a white label solution is our investment in the future. With this, we are opening up easy access 
to usage-based insurance for the world market. The Zug-based company was founded in 2017. www.kasko2go.com. 
ABOUT HERE Technologies 
HERE, a location data and technology platform, moves people, businesses and cities forward by harnessing the power of 
location. By leveraging our open platform, we empower our customers to achieve better outcomes - from helping a city 
manage its infrastructure or a business optimize its assets to guiding drivers to their destination safely. To learn 
more about HERE, please visit www.here.com and http://360.here.com. 
More information: 
kasko2go AG 
Genadi Man, CEO 
T: [phone] 
E-Mail: [e-mail] 
SOURCE: Kasko2go 
 
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2021-04-08 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. 
The issuer is solely responsible for the content of this announcement. 
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1182155 2021-04-08

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April 08, 2021 03:30 ET (07:30 GMT)