Beyond the camera, the system records hard braking or sudden swerving. The data is collected then analyzed. As drivers in fleets before them, when the drivers knew they were being monitored, their driving behaviors improved.
London Sovereign, RATP Dev's North London bus company operating the iconic double-decker buses (as well as single-deckers), has entered into a five-year contract with Lytx, the global leader in video telematics, to help improve safe driving behaviour on their fleet. During a 90-day trial, the DriveCam programme helped London Sovereign reduce collisions by 43 percent.
Pay as you go insurance is growing in India too.
The insurance arm of Medellin-based conglomerate Grupo Sura has partnered with Scope Technologies to introduce new technology to its auto insurance. The collaboration will bring onboard “telematics” to user vehicles that can track driving performance and help the financial services firm better price its policies to correspond with each individual’s likelihood of having an accident.
Eleven questions to ask a Telematics provider.
Liberty Videocon General Insurance said that it will be launch a new telematics project to track user behaviour. In a pay-as-you-drive concept, this will allow policyholders to get better pricing on their insurance policy if they exhibit good driving skills.