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Fleet Telematics and Predictive Analysis - Preventing Accidents

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Increasing data across the USA and Europe is improving the ability to predict the likelyhood of an accident rather than traditional risk assessement that todays vehcile insurers use.

Increasing data across the USA and Europe is improving the ability to predict the likelyhood of an accident rather than traditional risk assessement that todays vehcile insurers use.

Key difference in approach are relevant to both Insurers and Fleet Managers. Predictive analytics includes all the inputs used in the past and also the "Big Data" that has been getting captured internationally now for several years. The key objective is to not just find the potentially higher risk driver and reduced insurance risk but change the driver behaviour before it happens. The tools now available with the advance data collectors (telematics on board computers) which are now very economical and often user installable and sophisticated software platforms are making this easy by the year. On top of this is the predictive capability of the Insurance Actuarial and the Fleet Managers to recognise the warnings and act proactively in the light of historical information. Then easily monitor the changes that occur due to those positive interventions that will save the company significant vehicle and employee costs for every accident or reduced severity of accidents.

Drive Tech can provide further information or referall to affiliates who can discuss your specific Fleet problems and solutions for implementation.

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