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New telematics based insurance launched to help reduce premiums and manage risk

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CMS SupaTrak’s market leading range of telematics and driver behaviour solutions are now approved by Towergate Insurance as part of a new telematics based insurance product that has been launched to help transport operators manage risk, reduce insurance premiums and improve the operational efficiency of their fleets.

Towergate Fleetcare+ works by integrating telematics data into a risk management system to help businesses operate a safer and more efficient fleet. The service is suitable for anyone running a fleet of five or more vehicles.

Jason Airey, MD at CMS SupaTrak, said: “At CMS SupaTrak, we are constantly looking at ways we can add value to the service we provide our customers. Being approved for the Towergate Fleetcare+ product is another example of how we are doing this and raising the bar in our industry.

“By integrating telematics, Fleetcare+ will not only help companies reduce fuel costs, promote safer driving and improve their green credentials, but it can also play a critical role in developing a risk management strategy within your fleet. Ultimately, by doing this, it can help lower your insurance premiums.”

CMS SupaTrak’s telematics solutions monitor and record key driver performance indicators including real time MPG, speed, RPM, engine load, idling time and time spent in cruise control.

Airey added: “By collecting this data, we can produce an overall KPI result for each vehicle, allowing customers to benchmark the driving style of each of its drivers. Not only can this reduce the risk of drivers being involved in an accident, but it also means they can work with them to improve their performance and driving style.”

Larry Smith, managing director of Towergate Insurance – Motor Division said: “We have over 30 years expertise in the transport sector and are committed to providing clients with the support they need in order to help reduce risk within their fleets, effectively rewarding them with competitive premiums. Fleetcare+ will enable us to provide added value to our fleet customers by helping to predict what could happen in the future and preventing losses before they occur.”

 

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Comments

  • Pete Stanley - 30/07/2013 13:16

    By introducing these systems they can also be used for locating stolen vehicles as the data can / will include positional information for event KPIs

  • Kate Carpenter - 31/07/2013 16:13

    Is there a 'grey fleet' option for organisations whose fleet drivers are using own cars?

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