Overview of Ride-sharing, Regulation, Insurance and Science Casualty Actuaries of the New England...
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Overview of Ride-sharing, Regulation, Insurance and Science Casualty Actuaries of the New England Spring Meeting Frank Chang, Lead Actuary, Uber Brad Nail, Insurance Policy Manager, Uber March 23, 2015
Overview of Ride-sharing, Regulation, Insurance and Science Casualty Actuaries of the New England Spring Meeting Frank Chang, Lead Actuary, Uber Brad Nail,
Overview of Ride-sharing, Regulation, Insurance and Science
Casualty Actuaries of the New England Spring Meeting Frank Chang,
Lead Actuary, Uber Brad Nail, Insurance Policy Manager, Uber March
23, 2015
Slide 2
The Casualty Actuarial Society is committed to adhering
strictly to the letter and spirit of the antitrust laws. Seminars
conducted under the auspices of the CAS are designed solely to
provide a forum for the expression of various points of view on
topics described in the programs or agendas for such meetings.
Under no circumstances shall CAS seminars be used as a means for
competing companies or firms to reach any understanding expressed
or implied that restricts competition or in any way impairs the
ability of members to exercise independent business judgment
regarding matters affecting competition. It is the responsibility
of all seminar participants to be aware of antitrust regulations,
to prevent any written or verbal discussions that appear to violate
these laws, and to adhere in every respect to the CAS antitrust
compliance policy. // CAS ANTITRUST NOTICE
Slide 3
Overview How Ride-Sharing Works Ride-Sharing Impact On
Insurance Market Legislative and Regulatory Developments
Slide 4
Limo / LiveryTaxiRideshare / TNC/ P2P Traditional licensed
livery / black car operators Traditional taxisPart-time operators
using their personal vehicles Partner drivers: 201020112013Launch:
Traditional commercial auto for livery Traditional commercial auto
for taxi Personal auto + non-owned commercial auto Insurance How
Ride-Sharing Works: Uber // UBER PRODUCT CATEGORIES
Slide 5
User sets pickup locationUser confirms request and method of
payment Request is sent to closest available driver How
Ride-Sharing Works: Uber // DETAILED FLOW - REQUESTING A CAR
Slide 6
User can track driver progress in real-time User is notified
when driver is close to pickup location ETA displayed to user
during trip How Ride-Sharing Works: Uber // DETAILED FLOW - DRIVER
ARRIVING AND BEGIN TRIP
Slide 7
Fare is displayed and user is prompted to rate ride experience
If rating