Insurance Telematics
Usage Based Insurance {UBI} & Pay-as-you-Drive {PAYD}
UniTrak have further developed its 14 years industry experience to develop specific Telematics software for the vehicle insurance market. UniTrak seek forward thinking insurance companies for partnership opportunities.
The insurance market is changing. Through the use of Telematics Insurance companies are able to manage risk more dilligently enabling extending insurance to higher-risk individuals.
How does it work ?
A black-box tracker is fitted to the policy holders vehicle. This reports "live" to a web-based portal with access levels for the Insurance company and Policy holder. This enables the Insurance company to create an accurate policy based on the risk profile of the individual.
The policy holder has access to a Dashboard feature. The extended version includes an In-Cab Driver module to aid the driver to improve their driving style, therefore reducing their fuel and maintenance bills, improving the premium while reducing the risk for the insurance company.
Insurance Company Benefits
- White-labeled software promoting Customer awareness and Customer loyalty
- Embedded site within Insurance companies existing website
- Reduction in insurance claims
- Extended market potential
- Risk management
- Accident profile
- Accurate policy holder profile;
- accurate annual mileage including benchmark alerts
- accurate vehicle location overnight
- manage driver behaviour
Policy Holder Benefits
- Insurance policy based on individual profile - not on everyone elses
- Stolen vehicle recovery
- Breakdown assistance
- Ability to measure;
- CO2 footprint
- Improve driver behaviour
- reduce fuel costs
- reduce maintenance costs
- Accident profile
- audit of time leading to accident
...we have achieved over 40% increase in productivity since the introduction of the Unitrak solution...