Why Insurance Telematics?
Insurance telematics provides the means for both the insurer and the fleet operator to manage driver behaviour for the better, and in turn, dramatically reduce loss ratios as a result of accidents.
Using Cartrack’s Insurance Telematics technology, drivers are assessed based on many key driving habits and behaviours, including:
- The specific time of day that drivers are on the road
- The amount of kilometres driven in a month
- The high-risk areas that vehicles are predominantly driven or parked in
- Driver specific elements such as speeding, sharp cornering and harsh braking, which increases the driver’s risk profile
How Insurance Telematics Works
For Insurers
Mitigate / Reduce Fraudulent claims
Reduce claim- recover vehicles pay-outs for stolen vehicles
Improve claim processes - data can be used as evidence
Vehicle check
| Mitigate losses on motor vehicle claims | •Re-enactment of accidents •Stolen Vehicle Recovery |
| Manage high-risk clients | |
| Communicate and capture legitimate data on driver behaviour | •Aggressive Driving •Over-speeding •Usage (driving hours) •Route tracking |
| Enrich their auto insurance value proposition by adding services built upon data provided by telematics. | |
| Represent a way of de-commoditising the car insurance policy | |
| In the medium/long term, this characteristic will become more and more important owing to the de-risking trend in the Motor Third Party Liability business, and due to the technical progress relating to security and connected cars. | |
Consumers
Increase safety and security
Reduced premium or discount in respect to the data collected
Risk influencer – driver behaviour changes as drivers become more conscious of the way they drive.
Our Products Are Developed In-house
Cartrack is the only company that develops its intelligent and innovative tracking devices in-house, and whose tracking devices are still effectively functional eight years after installation.
Lifetime Access to Software Upgrades
Lifetime Customer Service Support
Lifetime Warranty on Hardware
Customers Rave About Cartrack
"Thank you for your outstanding service and quick response. Thank you for being such a star, and making it a real pleasure to deal with you"
- Owner of a Private Vehicle