Telematics grows role for commercial vehicle insurance risk 10 March 2011
The recent ruling by the European Union Court of Justice that taking the gender of an individual into account as a risk factor in insurance constitutes discrimination, paves the way for new methods of assessing insurance risks.
That's the view of MiX Telematics, which asserts that data gathered by telematics systems from commercial vehicles enables driver behaviour and risk to be evaluated, regardless of gender, age or anything else.
"The solutions we offer are designed to monitor, measure and compare driver performance across a broad range of parameters," explains Steve Coffin, marketing and operations director for MiX Telematics.
"These include many factors that have a direct bearing on risk, such as excessive speed, rapid acceleration and harsh braking."
Coffin believes the knowledge that his company has in telematics is of great value to transport operators and insurance companies.
"Our solutions are used by operators looking to improve the overall performance of their vehicle fleets and help reduce accident rates," he states.
"Maximising driver performance is key to this and our systems enable users to easily and quickly identify which of their drivers require additional or remedial training, which in turn allows them to proactively manage their risk."
MiX Telematics UK Ltd
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