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