{"id":30033,"date":"2019-07-12T10:24:52","date_gmt":"2019-07-12T10:24:52","guid":{"rendered":"https:\/\/www.quartix.com\/?page_id=30033"},"modified":"2024-08-06T18:05:16","modified_gmt":"2024-08-06T17:05:16","slug":"reducing-loss-ratios-with-telematics","status":"publish","type":"page","link":"https:\/\/www.quartix.com\/en-gb\/vehicle-tracking-for-insurance\/reducing-loss-ratios-with-telematics\/","title":{"rendered":"Reducing Loss Ratios with Telematics"},"content":{"rendered":"\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-28f84493 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<h2 class=\"wp-block-heading\" id=\"young-driver-insurance-policies\">Young driver insurance policies<\/h2>\n\n\n\n<p>Quartix telematics technology has been proven to reduce loss ratios on young driver insurance policies. We have been providing telematics services for insurance companies since 2010, and have invested heavily in providing the technology, data and services required for insurers to gain maximum benefit. To date we have installed more than 250,000 \u201cblack box\u201d tracking systems in the UK alone.<\/p>\n\n\n\n<p>An effective programme to reduce losses on young driver insurance policies is not just about monitoring speeding and acceleration. It\u2019s as much about service and management as it is about the telematics technology. Some of the important aspects of the service we provide for insurers are:<\/p>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe loading=\"lazy\" title=\"Quartix SafeSpeed Database\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/l0trTOGg0Ow?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe>\n<\/div><\/figure>\n\n\n\n<p class=\"has-text-align-center\"><em>Our SafeSpeed database is purpose designed to measure accident risk on rural roads.<\/em><\/p>\n<\/div>\n<\/div>\n\n\n<section  class=\"qtx-pagebuilder-section qtx-pagebuilder-section-greenlistcolumns  \">\r\n<div class=\"greenlistcolumnsinner\">\r\n\r\n<div class='greenlistcol'><h3>Risk reduction<\/h3><ul class='fa-ul'><li><span class='fa-li'><i class='fas fa-check-circle'><\/i><\/span>Installation<\/li><li><span class='fa-li'><i class='fas fa-check-circle'><\/i><\/span>Driving style<\/li><li><span class='fa-li'><i class='fas fa-check-circle'><\/i><\/span>Contextual speed scoring<\/li><li><span class='fa-li'><i class='fas fa-check-circle'><\/i><\/span>Driver feedback<\/li><li><span class='fa-li'><i class='fas fa-check-circle'><\/i><\/span>Data analysis and profiling<\/li><\/ul><\/div><div class='greenlistcol'><h3>Fraud prevention<\/h3><ul class='fa-ul'><li><span class='fa-li'><i class='fas fa-check-circle'><\/i><\/span>Driver validation<\/li><li><span class='fa-li'><i class='fas fa-check-circle'><\/i><\/span>Vehicle inspection <\/li><li><span class='fa-li'><i class='fas fa-check-circle'><\/i><\/span>Tamper detection<\/li><li><span class='fa-li'><i class='fas fa-check-circle'><\/i><\/span>Management information<\/li><li><span class='fa-li'><i class='fas fa-check-circle'><\/i><\/span>Mileage management<\/li><\/ul><\/div><div class='greenlistcol'><h3>Claims management<\/h3><ul class='fa-ul'><li><span class='fa-li'><i class='fas fa-check-circle'><\/i><\/span>Crash detection<\/li><li><span class='fa-li'><i class='fas fa-check-circle'><\/i><\/span>Crash review<\/li><li><span class='fa-li'><i class='fas fa-check-circle'><\/i><\/span>Theft recovery<\/li><\/ul><\/div>    <\/div>\r\n<\/section>\n\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-28f84493 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe loading=\"lazy\" title=\"CrashDetection10HzGPS\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/LxG-5cix7HM?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe>\n<\/div><\/figure>\n\n\n\n<p class=\"has-text-align-center wp-embed-aspect-16-9 wp-has-aspect-ratio\"><em>The TCSV11 uses 10Hz GPS to improve crash detection.<br><\/em><em>Watch this video.<\/em><\/p>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<h2 class=\"wp-block-heading\" id=\"contextual-speed-scoring\">Contextual speed scoring<\/h2>\n\n\n\n<p>Our unique contextual speed scoring system, coupled with direct and regular feedback to the young driver, save lives. You can find more information on this aspect of our system here.<\/p>\n\n\n\n<p>Given that a young driver\u2019s risk of accident is at its highest when he first uses a car without supervision, it is vital that installation is completed quickly, and that is covered in the next section.<\/p>\n<\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"fast-installation-is-crucial\">Fast installation is crucial<\/h2>\n\n\n\n<p>We work to a standard installation timescale of three to four days from policy inception. Our insurance centre in Newtown, Mid-Wales is prepared for this and we have invested in the systems to make it happen. The sooner the telematics system is installed, the sooner the young driver\u2019s driving style starts to improve and their risk of accident reduces. In many cases, this will be the first car that the driver has owned, as well as their first insurance policy, so it is of paramount importance that any period without telematics monitoring is kept to a minimum.<\/p>\n\n\n\n<p><strong>Key components of the installation service we provide:<\/strong><\/p>\n\n\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-28f84493 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<h2 class=\"wp-block-heading\" id=\"branded-customer-service-centre\">Branded customer service centre<\/h2>\n\n\n\n<p>Our insurance team answers client calls on your behalf in your name to ensure the installation is carried out in the most efficient way possible. Currently we handle this for 10 different insurance companies.<\/p>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\" https:\/\/www.quartix.com\/content\/uploads\/2019\/07\/loss1-768x432.jpg\" alt=\"\"\/><\/figure>\n<\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-28f84493 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\" https:\/\/www.quartix.com\/content\/uploads\/2019\/07\/loss2-768x396.jpg\" alt=\"\"\/><\/figure>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<h2 class=\"wp-block-heading\" id=\"electronic-data-exchange\">Electronic data exchange<\/h2>\n\n\n\n<p>At the point you sell a policy, regardless of whether it is online or through a member of your sales team, full details can be transferred electronically to our database, enabling our staff to take over from there. Our systems record full driver and vehicle details, together with installation location, date, and time (am\/pm). The same approach applies to mid-term amendments (MTA) or changes of vehicle(COV).<\/p>\n<\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-28f84493 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<h2 class=\"wp-block-heading\" id=\"client-notification\">Client notification<\/h2>\n\n\n\n<p>Our systems keep your client updated with email and text confirmations of the installation appointment. By regular communication with your clients we keep \u201cno shows\u201d to an absolute minimum, and ensure that you are using our telematics technology to control driver risks as soon as possible.<\/p>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<figure class=\"wp-block-image aligncenter\"><img decoding=\"async\" src=\" https:\/\/www.quartix.com\/content\/uploads\/2019\/07\/loss4-nskl51l9o3y4v58ua2gfm4264un4pvozmckvigvu0a.png\" alt=\"\"\/><\/figure>\n<\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-28f84493 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\" https:\/\/www.quartix.com\/content\/uploads\/2019\/07\/loss4-768x511.jpg\" alt=\"\"\/><\/figure>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<h2 class=\"wp-block-heading\" id=\"we-installed-more-than-70-000-tracking-systems-in-the-uk-in-2015\">We installed more than 70,000 tracking systems in the UK in 2015<\/h2>\n\n\n\n<p>Our network is second-to-none. Currently we install more than 7,000 of our tracking systems per month in the UK alone. Our installers hold our units in stock, and all instructions to them and installation data sent by them is transferred electronically for optimum efficiency.<\/p>\n<\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-28f84493 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<h2 class=\"wp-block-heading\" id=\"document-driver-and-vehicle-validation\">Document, driver and vehicle validation<\/h2>\n\n\n\n<p>We agree on service requirements with you, and our installers ensure that we carry out all of the required checks at the time of installation. This is a vital part of eliminating fraud and avoiding undue risk (in unauthorised vehicle modifications, for example) and losses from pre-existing damage (windscreen and bodywork, for example). For more information on this service, go to the <a href=\"\/en-gb\/vehicle-tracking-for-insurance\/fraud-prevention-theft-recovery\/\">fraud prevention<\/a> section.<\/p>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1000\" height=\"666\" src=\" https:\/\/www.quartix.com\/content\/uploads\/2024\/05\/documentdrivervehiclevalidation.jpg\" alt=\"\" class=\"wp-image-102673\"\/><\/figure>\n<\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-28f84493 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\" https:\/\/www.quartix.com\/content\/uploads\/2019\/07\/loss6-768x511.jpg\" alt=\"\"\/><\/figure>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<h2 class=\"wp-block-heading\" id=\"reporting-progress-to-you-the-insurer\">Reporting progress to you, the insurer<\/h2>\n\n\n\n<p>SLAs and agreed service requirements are translated into a series of dedicated reports which we make available for you through a secure internet portal. We also monitor closely our progress in carrying out and completing installations and report back to you accordingly.<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Young driver insurance policies Quartix telematics technology has been proven to reduce loss ratios on young driver insurance policies. We have been providing telematics services for insurance companies since 2010, and have invested heavily in providing the technology, data and services required for insurers to gain maximum benefit. To date we have installed more than [&hellip;]<\/p>\n","protected":false},"author":27,"featured_media":0,"parent":29827,"menu_order":1305,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"topic":[],"qtx_campaign":[],"class_list":["post-30033","page","type-page","status-publish","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.3 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Reducing Loss Ratios with Vehicle Telematics - UK<\/title>\n<meta name=\"description\" content=\"The UK&#039;s no. 1 vehicle tracking system - our telematics technology has been proven to reduce loss ratios on young driver insurance policies. 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