Telematics can be described as the use of wireless devices and “black box” technologies to transmit data in real time back to an organisation. Typically, this technology is installed in vehicles at the point of manufacture or after-factory boxes can be fitted. Either way, data is collected and transmitted on vehicle use such as location, status, movement and driver behaviour which includes speed, idling and harsh manoeuvring.
With our MyFleet Live solution, you can see a huge range of different devices all reporting in to one platform, such as mileage capture dongles, black boxes, OBD, CANBus and live streaming cameras all in one place. As new technologies emerge, we will simply integrate them to the platform guaranteeing you have the latest devices available without having to switch software providers over and over again.
Telematics has been used more recently with first time driver’s insurance products and has seen a really positive impact on reducing the risk of accident in the first six to 12 months. This has typically meant that those who embrace the technology enjoy reduced premiums and safer journeys, and those who don’t embrace it are starting to see their premiums rise sharply.
Telematics is also playing a major role in fleet operations by highlighting the greater risk profiles of some drivers over others. Telematics allows companies to address any staff driving issues with tailored training and also looking at where and when the operation is inadvertently creating pressure for drivers to feel the need to drive beyond what is safe.
By using this technology wisely, the overall risk of a fleet can be reduced significantly with the added benefit of:
- fewer accidents
- fewer claims
- lower insurance premiums
- reduced maintenance costs
- increased security
- less unauthorised vehicle use
- reduced fuel costs
To discuss how we could be of assistance, please click here and we will arrange for the most appropriate consultant to contact you.