BEIJING Air Jordan 1 Retro For Sale , Nov. 14 (Xinhua) -- Be mindful next time you slam on the brakes -- it might just increase your car insurance.

Chinese car insurers announced they will start using big data when pricing their customers, employing a Usage-Based Insurance (UBI) structure at a time when the auto insurance industry is facing shrinking revenues.

Unlike traditional insurance, which charges different premiums based on a driver's past claims, UBI looks into a client's real-time driving pattern tracked by the analytic systems in cars.

China's first online insurance company Zhong An and leading insurer Ping An launched Bao Biao Car Insurance last week to explore the country's less-charted UBI territory.

By adding an on-board diagnostics (OBD) device on the cars of the clients, Zhong An can collect and analyze usage data to decide if they have driven too long or have speeding problems. Rules-abiding drivers will be awarded with lower premium requirement.

UBI came in as traditional car insurance businesses in China hit a soft patch. Last year, 38 out of 42 property insurance firms reported losses in their car insurance businesses mainly due to high sales cost and huge amount of claims paid. In September Air Jordan 10 Retro For Sale , American International Group (AIG) decided to suspend its auto insurance business in China after disappointing figures.

The benefits of UBI to insurers are obvious. Traditionally, car insurers face the "moral hazard" problem, meaning drivers may not have the incentive to avoid minor accidents knowing that their cars are safely insured.

Under UBI, however, accident-prone drivers are not likely to escape the clairvoyant analytic programs such as OBD and will be asked to pay higher premiums, thus making the car insurers less susceptible to such problems. Discounted premiums also mean incentives for responsible drivers.

The key to UBI is an accurate analysis of drivers' behaviors based on huge amount of user data Off White Fragment Jordan 1 For Sale , said Hai Lan, founder of online car forum nextcar.

By understanding the driver using a more dynamic analytic system, insurers can even offer suggestions to drivers during extreme weather, which will be handy to avoid accidents and thus ultimately lower the claim ratio.

An industry estimate showed UBI could be a 300 billion yuan (47.1 billion U.S. dollars) market in China by 2020 if regulators continue to push auto insurance marketization and welcome positive change brought by new players.

Zhong An has received strong backing from Internet giants Alibaba and Tencent whose rich social media profiles are expected to pave way for an effective UBI model.

It usually takes half a year for an UBI insurer to size up the driver and the market will have to wait even longer to find out if Zhong An can be the game-changer in the struggling car insurance sector.

"Getting started is already a triumph for us," said Zhong An chief executive Chen Jin. "We don't want to predict if we can make it, but at least we are trying."

TEHRAN Off White Jordan 1 The Ten For Sale , Nov. 12 (Xinhua) -- Iran expects boost of economic ties with Europe as President Hassan Rouhani is visiting two major European countries, France and Italy, next week, a deputy foreign minister announced here on Thursday.

About 60 economic activists from private sectors will accompany Rouhani in his European tour, Deputy Foreign Minister for Parliamentary and Consular Affairs Hassan Qashqavi was quoted as saying by official IRNA news agency.

Rouhani's upcoming visit will hopefully pave the way for cooperation with Italy and France in various fields, Qashqavi said.

Tehran would order Airbus aircraft during Rouhani's state visit to Paris next week www.airjordan1offwhiteforsale.com , a deal that could generate billions of euros to the struggling French economy and open promising market for domestic products, Rouhani said in an interview with local broadcaster Europe 1 and state-run France 2 TV channel on Wednesday.

"If the conditions are met, our buyers will acquire probably Airbus aircraft. In few days we will sign several agreements that form the basis of our trade agreement," Rouhani said.

In a statement, French President Francois Hollande's office said Wednesday "several accords will be signed by French and Iranian ministers covering a variety of sectors, in particular political dialogue Air Jordan 1 Off White For Sale , economic cooperation, air transport, health and agriculture."

At the invitation of Hollande, Rouhani will pay a state visit to the France on Nov. 17, making him the first Iranian leader to visit the country since 1999.

After an accord was been struck on Iran's nuclear program in July, Paris vowed to open a new chapter with Tehran and renew business links with the country where there is a huge appetite for consuming foreign goods.

In mid-September Jordan 1 Retro Off White For Sale , a delegation of 100 French business leaders, including oil group, Total, Airbus and car maker Peugeot flew to Iran in a bid to set a groundwork for business accords.

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