Cartrack Insurance Telematics

Cartrack Insurance Telematics

Lower insurance premiums through risk management strategies

Lower insurance premiums through risk management strategies

Trusted by Companies Big & Small

 
 

Why Insurance Telematics?

Insurers face considerable challenges when setting premiums. Cartrack provides insights to drivers’ behaviour and driving habits, and in turn, dramatically reduces loss ratios.

Using Cartrack’s Insurance Telematics technology, insurers can construct a model to assess drivers based on many key driving habits and behaviours including:

  • The kilometres driven
  • The specific time of day that drivers are on the road
  • The high-risk areas that vehicles are predominately driven or parked in
  • Driver-specific elements such as speeding, harsh braking and sharp turning

How Insurance Telematics Works


For Insurers

Mitigate / Reduce Fraudulent claims
Reduce claim- recover vehicles pay-outs for stolen vehicles
Manage high-risk clients – data can be used as evidence
Communicate and capture driver behaviour

 

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.