InsurTech Magazine July 2021 | Page 84

CLOUD & CYBER
“ Telematic technologies could improve driving behaviour , but it is subjective ”
CALLUM RIMMER CO-FOUNDER , BY BITS
Mainstream telematics for fleets However , some experts believe telematics is already mainstream because the use in commercial fleets has expanded . Lloyd Morris-Fletcher , Head of Digital for iCompario , the UK-based business comparison site startup , says , “ Our experience is that a huge number of industries reliant on transportation are using the technology to improve the quality of their service and help their drivers .
Morris-fletcher says that industries as disparate as emergency services and agriculture use telematics in their vehicles , and it ’ s become one of the standard technologies in fleet management , which managers rely on to run their businesses .
He explains , “ Businesses use telematics ’ black box technology to help reduce their insurance premiums , GPS satellite tech to aid them in stolen vehicle recovery and data collection to help introduce safer driving behaviours . These are mainstream concerns .”
Morris-fletcher says another strong indication that telematics is going mainstream is that according to a report by AIG , six out of 10 drivers are willing to install a telematics device in their car , so they can reduce their insurance premiums .
“ Right now , telematics is very much a mainstream technology , but in the future , it could become even more popular , particularly as autonomous vehicles develop , and companies seek to monitor them ,” he says .
The cost-effective solution provided by telematics products has boosted its popularity
84 July 2021