Advertise Here
Icon

Directory

IconAccounting & Tax
IconActuaries
IconAdministrators
IconAppraisers & Valuers
IconArbitration Services
IconASIB
IconAssessors & Loss Adjusters
IconAssist and Lifestyle Benefits
IconAssociations & Institutes
IconAuditors
IconBBBEE Consulting and Verification Agencies
IconBroker Acquisition Financing
IconBrokers for Brokers
IconBusiness Process Management
IconBusiness Process Outsourcing
IconCall Centre Outsourcing & Sales
IconCompany Secretarial Services
IconCompliance
IconConsumer Protection
IconCorporate Governance
IconCredit Bureaus
IconDebit Order Collection Facilities
IconDefensive Driver Training
IconEducation and Training
IconEmergency Medical Rescue
IconFAIS
IconFire, Storm, Flood Damage Specialists
IconForensic Investigation Services
IconHuman Resources
IconIndustrial Cleaners
IconInformation Technology and Software Partners
IconInsurance Companies
IconLegal
IconLightning Damage & Surge Protection Specialists
IconNiche Insurance Products
IconOmbud
IconOutbound Sales
IconOutsourcing Companies
IconPolicy Administration
IconPremium Financing
IconPublic Loss Adjustors
IconPublications
IconRating Agencies
IconReference Books & Material
IconRegulatory Authorities
IconRisk Finance
IconRisk Management
IconRisk Surveyors
IconSalvage Operators
IconSpecialized Claims Investigations & Assessing
IconSurveys and Research
IconTraining Courses & Workshops
IconUnderwriting Managers
IconVehicle Accident Management
IconVehicle and Household Risk Inspection Services
IconVehicle Tracking
IconWellness Programs
IconWholesale Brokers
IconZZZZZZ
Advertise Here
  Subscribe To »

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)
 
« Back to previous page Print this page » |
 

Breaking News »

What is the difference between Black Friday and Cyber Monday?

Cyber Monday originated in the US and is a marketing term used for the Monday after Thanksgiving. It was created by retailers to encourage people to shop online. The term was coined by Ellen ...
Read More »

  

Interview with Bright Rock CEO, Schalk Malan about their ground-breaking temporary disability cover

In October 2019 Needs-matched life insurance provider, BrightRock, announced enhancements to their temporary expenses cover. Read More More recently Insurancegateway® Interviewed Schalk Malan to not only ...
Read More »

  

The Importance of an effective online campaign

As we enter the age of the fourth industrial revolution, a technological transformation driven by the internet, it seems almost unthinkable that the web would not be the preferred platform chosen by businesses ...
Read More »

  

Allianz and Embry-Riddle University aviation study: Safer skies but claims and risks grow

Fewer fatal accidents, but growing number of costly claims for the aviation industry and insurers from collisions, groundings and aircraft repairs Analysis of 50,000 aviation insurance claims shows collision/crash ...
Read More »

 

More News »

Image

Healthcare »

Image

Investment »

Image

Life »

Image

Retirement »

Advertise Here
Image
Image
Image
Image
Image
Image
Image
Advertise Here

From The Glossary »

Icon

Expected Deaths:

The deaths which would occur in a group if the actual mortality experience should coincide exactly with the mortality assumptions.
More Definitions »

 

Advertise

 

eZine

 

Contact IG

 

Media Pack

 

RSS Feeds

By using this website you agree to the Terms of Use.
Copyright © Insurance Gateway (Pty) Ltd 2004 - 2019. All Rights Reserved.