Telematics solutions have been used more recently with first time driver’s insurance products and has seen a really positive impact on reducing the risk of incident 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.
By using this technology wisely, the overall risk of a fleet can be reduced significantly with the added benefit of:
• fewer incidents
• fewer claims
• lower insurance premiums
• reduced maintenance costs
• increased security
• less unauthorised vehicle use
• reduced fuel costs
Telematics solutions are 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 looks at where and when the operation is inadvertently creating pressure for drivers to feel the need to drive beyond what is safe.