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TELEMATICS

Asset Management Solutions

Mobile vehicle inspection and Household Surveys

Asset Management Solutions are the largest independent surveying company in South Africa. With well over 100 surveyors and an extensive national footprint we offer the following services:

·         Full mobile vehicle inspection for motor insurance and policy holders alike.

·         Full household risk and inventory services with replacement costing.

o    Full risk analysis.

·         Private and commercial property insurance replacement surveys.

These services along with the credibility of a business that has been operational since 1999 has made Asset Management Solutions (AMS) a highly reliable partner to the insurance industry in South Africa as well as an extremely convenient option for the man in the street.

Benefits for the Policy Holder

We are very aware that most people lead very stressful, hectic lives, something that is unfortunately a real part of our world today. For this exact reason we have ensured complete convenience with a number of key benefits for policy holders:

• A fully mobile vehicle inspection: We will, at your convenience, arrange to have the inspection done wherever you will be at an agreed time
• Quick and easy: The inspections takes no longer than 15 minutes with the inspector ensuring you are also left with a copy. This we can email to you should you prefer
• National coverage: We cover all major and secondary centres in South Africa. (Please see the map of our coverage)
• A free inspection. If we are sent a request by your insurer or broker we will bill them directly.
• An enhanced claims experience: Because your insurer has got details of your inspection, if and when you claim, they are able to process your claim considerably quicker
• Confidentiality: The inspection information, which is kept strictly confidential, is sent directly back to your Insurer or broker

Benefits for Insurers

"The Insurance industry in South Africa has for many years understood the obvious benefits of physically seeing and validating their new business motor risks at policy inception or underwriting stage, as some would refer to it.

With short term insurance being highly competitive Insurers have had to find a cost effective, customer friendly way of inspecting and managing these risks. With our National coverage and full mobile service we have been able to meet this challenge for the industry."

Ron Wells - National Operations Manager.

Prevention is better than Claim

A snapshot of inspection analysis for the South African short term motor Insurance Market:
 

• 32% of all inspected cars had obvious existing body damage
• 4% of instructions to inspect are for vehicles that have already been sold
• 3% of instructions to inspect are for vehicles that have already been stolen
• 9% of instructions to inspect are for vehicles that have already been in an accident or have already been written off
• 11% of clients actively avoid the inspection
• 8% of clients refuse an inspection

Telematics Technology – Supply and Install

AMS (Asset Management Solutions) the largest independent surveying company in SA and Scope Technologies, a global leader in the telematics technology space, formed a partnership in May 2012 that is actively and aggressively out to change the telematics or PAYD (Pay as you drive) insurance market in SA. 

Says Bernd Veening CEO of AMS, “This is great news for consumers in SA. Low mileage - and safe drivers will stop subsidizing fraudsters, irresponsible and or dangerous drivers. And save up to 50% on their car insurance premiums.”

The linkage between AMS and Scope is a perfect fit. Scope brings the cutting edge technology which is light years ahead of its current rivals in SA and AMS, with its extensive mobile foot print, manages the entire process from supply and fitting the device to compiling and managing the data reports supplied to insurers. (All data is web based with full access in real time to insurers.)

Both Scope and AMS share an enviable 30 years of experience in their core businesses, between them. The technology, literally a “plug and play” web based marvel, set up for insurers, is turning heads within underwriting departments globally. By collecting real time driver data, insurers are equipped with an array of new insights into risks at driver level. This allows the insurer to become highly competitive in its selected market segments, improving profitability through active customer retention or pricing strategies, based on actual real time driver behavior. The obvious benefits of lower premiums for less mileage driven or a less risky driving behavior is a clear win win situation for both insurer as well as the hard working customer. 

With DriveProfiler, Telematics and UBI (User Based Insurance) combined in a single unique solution. DriveProfiler provides the prefect set of tools with which to structure, monitor and manage UBI. DriveProfiler is a combination of leading cutting edge technology, data gathering expertise, actuarial analytical skills, motor insurance expertise and UBI experience.

The device or drive sensor used is simply installed, on a mobile basis for client convenience, by the AMS network of mobile installers, into the vehicle OBD-ll port. Activation is on site with data being accessed and usable immediately. This technology has already been tested and proven in multiple markets globally, having been fitted to some 300 000 vehicle since 2005. With an array of value added customer services along with automatic accident detection, it is no wonder insurers are looking at this solution to get ahead of the competitive curve.

Veening adds, “We have approached a set of leading insurers within SA, all of whom see the obvious benefits and have expressed a desire to establish an internal POC (proof of concept) within their own segments. Two leading SA insurers are currently establishing these POC’s.  With the technology available to offer such a comprehensive, convenient, ‘plug and play’ device such as this, we expect, as is currently happening globally, an aggressive move by insurers in SA to establish the lead on such innovation.”

You can contact Bernd Veening on 0824465745 for further information.

Company Press Releases » A Telematics partnership that is changing insurance in SA 22 May 12 | Read More » AMS (Asset Management Solutions) the largest independent surveying company in SA and Scope Technologies, a global leader in the telematics technology space, have formed a partnership that is actively and aggressively out to change the telematics or PAYD (Pay as you drive) ... Regent uses mobile vehicle inspection as further competitive advantage 02 Aug 11 | Read More » With an already solid track record behind them Regent insurance are also implementing a mobile pre-inspection by Asset Management Solutions (AMS) for new motor policies as part of their risk and competitive advantage strategy. With this segment of motor insurance ... AMS pre-inspection reduces glass claims costs 21 May 11 | Read More » With the cost of motor claims increasing exponentially, pure motor profits for South African insurers are marginal or often non-existent. However one company, AMS, has made excellent inroads, with stunning results on reversing this trend. A clear area of concern ... Etana signs with AMS 17 Feb 11 | Read More » Etana insurance company are now part of a growing number of leading insurance companies that are using the vehicle inspection as a vital risk management tool at underwriting. This is not just any vehicle inspection, it is a full mobile inspection managed by Asset Management ... Hollard secures AMS service for drive mate (PAYD) survey and fitment in South Africa 12 Aug 10 | Read More » Asset Management Solutions (AMS) has been awarded the prestigious contract to survey vehicles and supply and fit all of Hollard South Africa’s drive mate telematics devices for their Pay As You Drive (PAYD) product.  Bernd Veening CEO of AMS says;   “We ... Consumers opt for mobile vehicle inspections 24 Oct 09 | Read More » The latest survey by AMS (Asset Management Solutions) of 500 new policy holders shows unequivocally that consumers are becoming far more savvy when selecting insurance. Consumers looking for motor insurance are demanding value and far more convenience as part of the package ... The truth about vehicle inspections 24 Jul 09 | Read More » It is a simple truth, but like death and taxes, we are unable to ignore it. NO INSURER CAN AFFORD TO WRITE MOTOR BUSINESS WITHOUT PHYSICALLY SEEING THE RISK. This is not new; most insurers have been telling their clients to take their cars to an appointed ... There can be no hiding from the facts 07 Jul 09 | Read More » Economically assisted increase in claims?   · “We are seeing the economy severely affect our claims”. · “Our claims are being adversely affected ... Underwriting motor and household risks in a time of crisis 31 Mar 09 | Read More » Based on the information being received by the Insurance industry there can be no doubt that we are in the midst of some very challenging times. “The insurance industry is operating in the worst economic downturn in decades which has led not only to a major reappraisal ... Vehicle inspection service to cut the cost of fraud to insurers 13 Oct 08 | Read More » With the holiday season soon upon us it has become imperative for insurers to implement tighter risk / underwriting controls so as to stem the expected fraud and or high claims frequencies over the next four months. Asset Management Solutions (AMS) – South Africa’s ...