Telematics key to assessing insurance risk

Story from Fleet News.

The European Union Court of Justice has recently judged that considering the gender of an individual as a risk factor in insurance contracts, constitutes discrimination. This result now paves the way for new methods of assessing insurance risk, particularly by telematics systems which enable driver behaviour and risk to be evaluated regardless of gender, age or any other personal attributes.

Steve Coffin, marketing & operations director for MiX Telematics, explains, “The solutions we offer are designed to monitor, measure and compare driver performance across a broad range of parameters. These include many factors which have a direct bearing on risk, such as excessive speed, rapid acceleration and harsh braking.

“The extensive knowledge we have in this field is already being put to good use by our customers. Our solutions are used by companies looking to improve the overall performance of their vehicle fleets and help reduce accident rates. 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.”

Read the full story at fleetnews.co.uk.