At a time when road accidents cause the death of millions, there is a need to check driving behavior through mobile technologies.
According to WHO, 1.25 million people die due to road accidents. WHO also estimates accidents will be the seventh leading cause of deaths globally. Is there a need to press the panic button in the face of these figures? What kind of education is required to check accidents or reduce the accident risks? Let us dwell deeper.
According to Bob Joop Goos, chairman of the International Organization for Road Accident Prevention, "Over 90% of accidents are caused by human error." Human error is all about driving behavior, isn't it? Well, if it is so there is a need for a driver scorecard for improving driving and making driving safe. This is to ensure that he get his insurance claim hassle free for losses incurred. Having come thus far, let us go into the technical aspects of enhancing ones driving behavior. Moreover, let us also consider whether one has to pay 'fixed premium' or 'pay as you go' or 'pay how you drive' for auto insurance.
A person living in the State of Alabama is paying $1,500 a year on an average. Suppose a person living in the city is paying $1500 where he is prone to more accidents against a person lives in the suburbs paying the same amount where less chances of accidents. Suburban drive is easy compared to driving in cities. Remember the city driver will drive lesser kilometers in comparison with the suburban driver who drives more. The city driver is prone to more accidents. On the other hand the suburban driver is prone to more wear and tear of his vehicle. If fixed premium is collected from both drivers, how does this make sense? Now if you are giving an option to choose between the following:
• Fixed premium annually
• Usage based Insurance (UBI) which is pay-per-use
What will you choose? Everyone wants to be profitable; No one wants to end up in loss. So most likely you choose the second option. The reason is more customers are mobile. Customers can download the mobile application on mobile phones to keep track of your driving data. Risk assessment is easy with the mobile telematics application. Risk assessment as driving in rush hour traffic, following traffic rules or not, free parking problems, driving speed, etc., and take the necessary precautions in the future with the help of tips provided by the application on the mobile device.
Digital technologies are enabling policyholders to pay as you drive insurance (PAYD) to pay how you drive (Phyd) by the customer. How this will affect the insurance industry? This is another area that requires discussion.
Mobile telematics technology integrates technologies such as Global Positioning System (GPS), Mobility, Cloud and Big Data analytics where the pilot uses the data to improve their driving behavior. This will reduce accidents. The mobile application provides information on how braking force applied, rapid acceleration, types of roads, driving smoothness, distraction telephone, traffic alerts, speed and mileage, etc. In addition, insurers can offer personalized services and attract new customers by reducing processing delays. Club advantage of improving driving behavior to use based insurance. This will certainly get support from State and firms.
We will gain more views on this? Companies are looking for productivity, the government wants productive citizens. Nobody wants their productive beings to be damaged or be a burden. In this context there is a probability that insurance companies, business and government can work together to reduce the risks of productivity. driver behavior is the main cause of traffic accidents. Mobile telematics technology has the ability to improve the performance of the unit, reducing the risks of accidents and work flow uninterrupted.
Mobile telematics technology also has its influence on the automotive industry. As we know luxury car manufacturers come with embedded telematics, small cargo brands, as well as electronic accessories for automobiles. These technologies are pushing the black box cars cost up. In such a scenario, mobile data transmission technologies reduce the cost of integrating technology with the integration of technologies such as Global Positioning System (GPS), Mobility, Cloud and Big Data analytics on smartphones. The benefits for vehicle owners would be.
At a time when deaths from accidents are listed as the seventh worldwide government, insurers, businesses and the general public, mobile technologies offer hope to reduce risks. Canada welcomes Canada 2016 insurance telematics on 28, April 29 at Double Tree Hilton, Toronto. In the previous year 2015 43% of insurance companies attended the event. This year's event intersects with auto insurance and expecting more assistance to brainstorm.
telematics system first, Xemplar, allows fast and efficient two-way communication between insurers and customers. based mobile application Xemplar system saves you money on hardware infrastructure costs while accommodating for any mobile device or tablet; reaching drivers anytime and anywhere, and provide your business with critical information in real time.