“I am glad to return to activities related to science and technologies,” representative of JSC GLONASS Pavel Bunin
In his student years, Pavel Bunin planned to build a career of a scientist. However, the economically unstable situation in the late 1980s and early 1990s made him opt for the commercial sector. Consequently, he has been working in different fields including real estate and politics. Today he is a Director of Insurance Telematics Development at JSC GLONASS.
We talked to the expert about the start of his career, challenges he had to face, projects at JSC GLONASS that are the most significant for him, and how he sees the future of insurance telematics.
“My interest in physics and math defined my choice of the profession”
In my childhood and adolescence, I was keen on physics and math. This defined my choice of profession. I entered the Moscow Institute of Physics and Technology (MIPT). During studies, my course mates and I showed great devotion to the profession and had prospects for a good academic career. However, time introduced its own changes. Like many Russian citizens, I faced the question of finances in the late 1980s and early 1990s. Living on the salary of the MIPT graduate was hardly possible, so I chose the path into business.
“The most difficult period in my career was the middle of the 1990s”
I worked for companies in different fields such as banking and finance, real estate, and even politics. In every new field, I had to face new challenges, dive into the specifics unknown for me.
The most difficult period in my career was the middle of the 1990s, when there was uncertainty about the further development of Russia and business. I recollect this time as a period when you could expect loads of risks from all sides.
“After joining JSC GLONASS, I returned to the activity connected with science and technologies”
After the job at the Russian Association of Motor Insurers (RAMI), I moved to JSC GLONASS and started working at the intersection of two business fields: information and navigation that uses GLONASS and motor insurance technologies. I am very glad that I had the opportunity to return to the activity related to modern science and technologies.
Currently, my job is directly connected to my basic education. I deal with the development of insurance telematics (analysis of data about vehicle movements for forming reasonable insurance pricing).
Today JSC GLONASS is getting ready to launch the product called “European Accident Statement for motor third-party insurance”. Its task is the registration of minor road traffic accidents without the interference of police (with the aim of recording and transferring data about the accident to the compulsory insurance system through the ERA-GLONASS State Automated Information System). For this purpose, one should use emergency services call devices with extended functionality.
There are also plans to launch the product “Smart insurance” that envisages processing of telemetry data about parameters and conditions of vehicle movements and transferring of that data to insurance companies.
“Two projects are the most significant for me at JSC GLONASS”
I distinguish two most interesting and significant projects, where I participated at the stage of preparation.
The first one is the development and adoption of national standards of technical control facilities (TCF) intended for registering minor road traffic accidents without the interference of police officers – European Accident Statement. These standards have been valid since January 1, 2018.
The second project is the preparation of proposals to the revised version of the governmental decree “About the adoption of the Rules of informing the insurer about the road traffic accident (RTA) aiming to provide the insurer uncorrectable information about RTA and requirements to technical control facilities and structure of information about RTA”. Currently, federal government agencies are reviewing this document. In the future, it will allow defining the current level of requirements to technical regulations of monitoring that ensures the transfer of data about RTA.
“Today we are witnessing active digitalization of the transportation industry”
In my opinion, today we are witnessing active digitalization of the transportation industry including the shift to unmanned transport. In this relation, Russia can expect rapid growth of insurance telematics, as vehicles themselves will generate data for analysis. This can be illustrated through the example of navigators. People rarely use them as independent devices, whereas navigation functions are in great demand and have been adopted by smartphones.