Teletrac’s efforts in risk management technologies have been recognized by the nation’s top insurance carriers. The company provides a comprehensive UBI platform that is built alongside an award-winning fleet management solution. Some of its highlights include:
Driver Behavior Data Aggregation—Teletrac can provide additional context to driving behaviors beyond the insurer’s client set by utilizing driving data (scored across tens of thousands of vehicles).
Risk Management Platform—Teletrac has a client-facing risk management feature that lowers risk and improves loss ratios. Scoring is flexible and can be tailored to fit the insurer’s risk priorities.
Flexible Data Transfer/Processing—Insurers can receive scheduled outputs of their clients’ fleet performance data in various formats, whether through raw data or processed for events and geographical context.
Real Estate Within the Program—Insurers receive more visibility with a dedicated presence within the program.
Agency Program—Teletrac has a commission-based affiliate program for participating agencies that introduce our risk management program to clients and prospects.
Investing in an effective UBI program helps fleet managers identify risky drivers and allows for corrective action, according to Verhaeghe. These actions ultimately lead to safer fleets, helping insurers rehabilitate current clients. Secondly, the program allows for the harvesting of rich behavioral data which leads to the advancement of future products and risk models. While the industry is in the early stages of utilizing driving behavior data for risk assessment, initial indications suggest that such data is a game changer. The
As Verhaeghe noted, “Much of the attention around UBI programs is focused around consumer auto. The commercial auto space, however, is the lower hanging fruit with a wide adoption of telematics in the market as well as an array of value-added services that are core to many businesses.”
Already proven and trusted by more than 20,000 fleets of all sizes and tracking more than 200,000 vehicles in 75 countries,
For additional information, visit http://www.teletrac.com or contact
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