Ctrack is excited to announce its collaboration with MiWay Business Insurance to supply insurance telematics solutions to their Heavy Commercial Vehicle (HCV) clients.
With effect from August 2016, MiWay Business Insurance is adding value to its commercial vehicle insurance products by installing Ctrack devices to all insured heavy commercial vehicles.
Morné Stoltz, Head of Business Insurance at MiWay, says the Ctrack solution not only supports stolen vehicle tracking and recovery, but also delivers rich contextual vehicle usage confirmation.
“Ctrack monitoring and ongoing management delivers granular data on driver behaviour and whereabouts, to enable more effective risk management for both the insurer and the fleet manager,” he says.
“Ctrack is an ideal business partner for MiWay. They are in the business of keeping vehicles, fleets and their occupants ‘Always Visible’. We are excited to partner with a company with such a great track record – over 30 years’ experience, a stolen vehicle recovery rate of over 95% and continuous investment in research and development,” says Stoltz.
Stoltz notes that MiWay Business Insurance, covering business vehicles and trailers; goods in transit; business all risks and office contents, is backed by the same high levels of service and support that have made MiWay personal insurance a leading brand. “The addition of the Ctrack services to MiWay Business Insurance offering is in line with our strategy of helping policyholders reduce their risk wherever possible,” he says.
“Our insurance telematics solutions have become integral for many insurers helping them to gain insights to the risk profiles of their book. This has resulted in loss ratio improvements, reduction in claims and promotion of better driving habits. We look forward to helping MiWay with such improvements,” says Pierre Bruwer, MD of Ctrack SA.
Both Ctrack and MiWay will be attending TruckX 2016 on 2 August at the Sandton Convention Centre.