Telematics For Insurers
Just imagine how knowing the driver behaviour of your clients could positively influence the way you do business – allowing you invaluable insight into who presents a greater risk, and who doesn’t. With Ctrack Insurance Telematics, this power is now available to anyone in the insurance industry.
Big Data Analytics is fast becoming the enabler to not only comprehensively understand the insurance business, but also to actively address both top line growth opportunities as well as bottom line risk and cost management challenges.
Utilising an ecosystem of intelligent mechanisms, the Ctrack Insurance Telematics offering has been developed with and for the insurance industry – giving you full access to the benefits of our extensive set of high frequency telematics data harvested from the vehicle and mobile device environments.
Rich contextual vehicle usage confirmation remains a key enabler to actuaries for the effective calculation of applicable and acceptable risk models. Better risk understanding, and more importantly monitoring and on-going management, directly leads to better growth and more effective responses to key focus areas in any operation.
As such, Ctrack’s effective and transparent driving behaviour data, analysis and monitoring solution enables insurers to gain mathematically sound insight into a driver’s driving behaviour at all times, while also providing a platform from which to launch all manner of value added services.
So whether you’re an insurer, underwriter or other risk co-owner in the insurance industry, this is the telematics solution you’ve been looking for.
– Rich individual and collective driver behaviour analysis
– Detailed raw format data
– Contextualised data
– OBDII vehicle data analysis
– Risk rating engine, algorithms and scorecards
– Pre-installation vehicle inspection report
– Real-time theft and hi-jacking detection
– Different driver detection
– Geo-Location and trip data
– Road, weather and traffic conditions
– OBDII vehicle data context
– First notification of loss (FNOL)
– Driver behaviour scoring
– Vehicle damage estimation
– Injury estimation
– Vehicle usage and storage activities
– Risk context of vehicle
– Emergency, medical and roadside assistance
– Business/Private, toll and fuel related reports
– Vehicle tracking for Stolen Vehicle Response
– Incentive and loyalty schemes
– Driver improvement programmes
– Web based applications
– Social media engagement
– Gamification marketing
Driver Behaviour Statistics
With Ctrack Insurance Telematics, the data collected during each month is used to score clients on their acceleration, braking, cornering, speeding, and overall driving performance. This scoring system can easily be used as the basis for a rewards programme.
What our customers say…
“The Cross Country relationship with Ctrack has enabled us to deliver a unique model to our client base that has been exceptionally well received by our market. Despite the project’s infancy, it is already proving to be beneficial to our bottom line. There has already been an improvement in driver behaviour and reduction in claims showing a positive result in our loss ratio.”
Cross Country Insurance
Consultants (Pty) Ltd
“Bellbird has been extremely satisfied with the Ctrack Tracking System. It has made the scheduling of deliveries much more professional with accurate times now available. The feedback from our clients has been very well received.”
Bellbird Building Supplies
“When installing Ctrack in our fleet of fuel tankers, we found their software to be easier to use to track, and run a range of reports that meet all our needs and more. Their customer service is great and we are happy.”
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