The move is designed to safeguard young drivers while maintaining social distancing
Telematics and usage-based insurance provider Tracker has introduced a self-installed version of its telematics and tracking technology in reaction to the social distancing and lockdown measures that have been introduced to counteract the spread of Covid-19.
Typically, Tracker’s devices are installed professionally, however this is not possible while the two-metre social distancing rules are still in force.
Tracker believes that by offering a self-installed option, insurers and brokers can actively encourage responsible driving among policyholders, as well as protect vehicles, while still adhering to social distancing.
The new self-installed telematics solution includes an insurer-branded consumer smartphone application and a web portal.
Earlier this year, Tracker announced that driver behaviour, risk scoring and data analytics from insurer SmartDriverClub (SDC) would be integrated with its end-to-end telematics offering – this enables the company to provide multiple routes to market, such as custom product builds or adding a scheme to insurers’ existing panel.
Peace of mind
Mark Rose, managing director at Tracker, said: “We work closely with many insurance providers and brokers in the industry who have employed our telematics and tracking technology because of the very clear benefits they bring in promoting safer driving amongst young motorists.
“Our market leading driver score algorithms, risk management reporting and engaging consumer applications have a proven track record of reducing insurer and broker loss ratios.
“The introduction of SDC’s self-install solution means that insurers can continue to offer new customers this peace of mind, without calling upon professional engineers to carry out the installation or flouting social distancing guidelines. And, given SDC’s streamlined onboarding process, it can take as little as two weeks to set new insurers up with a full-service offering, including data analytics, policy management and customer activation support.”
Read more… Motor insurance and coronavirus: Golden era or further misery?
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