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A Telematics partnership that is changing insurance in SA

Published

2012

Tue

22

May

 

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) 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.

 
Source: AMS (Asset Management Solutions)
 
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