Nominee for The Digital Insurer's Asian Start Up InsurTech Award

1. O K C h e x i a n
S m a r t p h o n e t e l e m a t i c s f o r C h i n a

2. Introduction
• Founded in 2014 as China’s first smartphone telematics provider.
• OKChexian APP currently has 1.2 million users across China.
• OKDrive telematics technology integrated by Zhong An and Sinatay Insurance Group.
• Core technology is a patented OKDrive software based on innovations in geo-fencing technology and
location based data streams.
• OKChexian has received investment from IDG partners, JD.com and Amazon China.

3. CEO
• Bachelor Computer Science
and engineering (University
Science Technology China)
• COO at Shanghai
• Actuarial Analyst at Plymouth
Rock
Team
CTO
• Bachelor Computer
Science and engineering
(University Science
Technology China)
• R&D Director at
Lightinthebox
Head of Data Lab
• Bachelor and Phd
statistics (Peking
University)
• Data Scientist at
Instony.com

4. Location Based Data Streams
Car Ownership Alternating
- Ride Sharing
EV & AV
Macro Trends
1 2 3

5. OKDrive Technology

6. Step 1. Smartphone Sensor Readings
GPS
Accelerometer
Odometer
Gyroscope
Barometer
Magnetometer
OKChexian
proprietary
so<ware
iden>fies
false
readings
and
anomaly
measurements
so
valid
data
sets
are
deployed
against
the
OKDrive
algorithm.

7. Step 2: Location Data Parsing
Acceleration
Breaking
Lane Alteration
Harsh Navigation
Non-deceleration
Swerve
Detection
Route Recognition
Average Speed
0
50
100
150
Geo-­‐fencing
Data
Driving
Data
Route
Data

8. Commercial
Insurance
compulsory
insurance
RMB
5000
RMB
1000
Original price
Benchmark
prices
x0.85
RMB
1000
RMB
1000
15% OFF
Telemarketing
Online marketing
prices
x0.85
41.5% OFF
x0.7
OKDrive assisted
price
RMB
1000
Step 3: OKScore Risk Profile reduces auto insurance premium

9. Data lab established for data mining and advancements in
location based insurance pricing and telematics.
Strategic partnership with Fudan Data Science Faculty and
Bosch Automotive.
Core innovations achieved in the OKData Lab include:
- Data compression breakthrough that minimizes data
consumption over 3G network.
- Ability to differentiate between driving and other transport modes
through advances made in geo-fencing technology.
- Development of OKScore, China’s first authorized risk profiling for
auto insurance.
OKDrive Data Lab
1
2
3

10. China Localization

1
2
3
OKDrive Telematics API

OKDrive
UBI
Current
Pricing
Flex
Pricing
(CIRC)
China
loca>on
data
and
driving
regula>ons.
Patent
granted
regarding
ability
to
geo-­‐fence
loca>on
data
from
Android
devices
in
China.
Risk
Profile
is
the
first
to
receive
regulatory
approval
in
China
OKDrive Telematics API

Competitive Advantages

11. Thankyou