Telematics

 

Knowing where your customers begin their journeys and where they are scheduled to finish is a good start, but the journey between these points and the associated risk can be more richly and accurately mapped out with the right assets through telematics.

In order to accurately track a vehicle, you need a detailed knowledge of the areas your vehicles will be going through and their associated on road conditions. Background maps, geocoding and asset tracking combine to enhance customer profiling. With a more intimate knowledge of your customers’ scheduling and their destinations, you can offer your customers more bespoke usage-based premiums and reduce your volume of claims and pay outs.

 

Asset Tracking

Having a detailed knowledge of your customers’ driving habits through tracking technology means that insurers can be equipped to significantly reduce pay outs by profiling customers and charging them fairer premiums that accurately reflect how risk-adverse they are as drivers.

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Geocoding

Geocoding is a process that uses location intelligence to find geographic coordinates from spatial reference data. Any insurer needs to be employing accurate background maps and GPS technology to ensure your geocoding is entirely accurate for the purposes of customer or vehicle tracking and more. This process is crucial to assigning risk and reducing the frequency and cost of pay outs.

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Reverse Geocoding

Reverse geocoding refers to the process of taking a known positional grid reference and determining the address. To communicate, for example, how near a vehicle is to a waiting customer, the GPS signal is reverse geocoded and the grid references converted to location intelligence such as a street or town. Explore our range of products to see how we can refine your approach to the crucial process of reverse geocoding.

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Routing

Whether you are insuring a fleet or a customer owned set of vehicles, your tracking of these can be vastly improved by investing in the right GPS solution and background mapping data. Without these, you may run into difficulty when attempting to map delivery route locations that are obsolete, inaccurate or non-existent.

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Live Estimated Time of Arrival (ETA’s)

Continuously surveying the movement of a given client vehicle and its proximity to its next destination means that you can calculate an up to the minute estimation of when it will arrive. With this, you can measure the safety of the insured vehicles and their associated risk as insurance propositions.

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Advanced Driver Assistance Systems

It is crucial to understand how the next wave of Advanced Driver Assistance Systems (ADAS) will help the driver in the driving process, including Intelligent Speed Adaptation (ISA) which will reduce the number of claims and claims frequency, refining the pricing models currently offered by insurers.

Intelligent Speed Adaption (ISA) refers to a range of in-vehicle systems that revolve around making drivers aware that they are breaking the speed limit, and in some cases, actively curtail this illegal activity. ISA systems are soon to become the centrepiece of usage based insurance, playing a crucial role in how premiums are calculated.

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AddressAnalytix™

AddressAnalytix is a new database of all properties in Great Britain, indicating residential or commercial use for all properties, differentiating between types of residential property and defining different density blocks of flats.  Bring an enhanced level of detail to insured customer profiling, geo-marketing and daily vehicle routing to reduce your volume of claims and pay outs.
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