At the time when the road accident caused the death of millions, it is necessary to check the driving behavior through mobile technology.
According to WHO, 1.25 million people die due to traffic accidents. WHO also estimates the accident will be the seventh leading cause of death worldwide. Is a need to press the panic button in the face of these figures? What kind of education is necessary to check accidents and reducing accident risk? Let us dwell deeper.
According to Bob Joop Goos, chairman of the International Road accident prevention, “Over 90% of accidents are caused by human error.” Human error is all about driving behavior, is not it? Well, if it is so that there is a need for the driver scorecard to improve driving and make driving safe. This is to ensure that he get his insurance claims hassle free for the loss. To have come this far, let’s go into the technical factors that increase ones driving behavior. Moreover, let us also consider whether a person has to pay ‘fixed contribution’ or ‘pay as you go’ or ‘pay how you drive’ for auto insurance.
person who lives in the State of Alabama is paying $ 1,500 a year on average. Suppose a person living in the city is $ 1500 pay as he is prone to more injuries against the person living in the suburbs pay the same amount as less likelihood of accidents. Suburban drive is easy compared to driving in cities. Remember the city driver will drive less kilometers compared to suburban driver who drives more. The city drivers are prone to more accidents. On the other hand suburban driver is prone to more wear his car. If a fixed contribution is obtained from both drivers, how does this make sense? Now if you’re given the option to choose between the following:
• Fixed premium annually
• Usage based insurance (UIB) is pay-per-use
What will you choose? Everyone will be cost effective; no one wants to end in loss. The majority likely to choose the second option. The reason is more customers are mobile. Customers can download the mobile application on mobile phones to monitor driving data. Risk assessment is easy with mobile device telematics applications. Assess risks like driving in peak traffic hours, depending on traffic rules or not, hassle free parking, speeding, etc., and take the necessary measures in the future with the help of tips provided on the application on your mobile phone.
Digital technologies are empowering insureds pay as you drive (Paydar) insurance, will pay how you drive (Phyd) by the customer. How this is going to affect the insurance industry? This is another area that requires discussion.
Mobile telematics technology combines technologies such as Global Positioning System (GPS), Mobility, Cloud and Big Data analytics where the driver uses the data to increase driving pleasure his behavior. This will reduce accidents. The mobile app provides information such as hard braking applied, rapid acceleration, road types, driving smoothness, phone distraction, traffic alerts, speed and mileage, etc. In addition, insurers can deliver personalized services and reach new customers by reducing the processing delays . Club option to enhance driving behavior using built Insurance. This will surely get support from the state and from companies.
Do we get more insight on this? Companies are looking for productivity, the government wants productive citizens. No one wants to productive children to be injured or be a burden. It is in this context that there is likely where insurance, business and government can work together to reduce the productivity risk. Driving behavior is the prime cause of traffic accidents. Mobile telematics technology has the ability to increase the driving behavior, reduce accident risk and workflow not disrupted.
Mobile telematics technology also has its impact on the automobile industry. As we know, a luxury automobile manufacturers come with built-in telematics, small brands charge extra for automobile electronic accessories. These black box technology are pushing up the cost of cars. In such a situation, mobile telematics technology reduces technology costs associated with the integration of the integration of technologies such as Global Positioning System (GPS), Mobility, Cloud and Big Data Analytics on smart phones. Advantage was for vehicle owners.
At a time when deaths caused by accidents are listed as the seventh world government, insurance companies, businesses and the public, offering mobile technology, we hope to reduce the risk. Canada is hosting Insurance Telematics Canada 2016 28, April 29 at the Double Tree Hilton, Toronto. In the year 2015 43% of insurance companies attended the event. This year the event cuts auto insurance technology and expect greater attendance to brainstorm.