Motor Insurance Company

Client

The client is an insurance company that is offering motor insurance to its customers and could go beyond their target on a monthly basis, but also faced multiple claims from clients/customers.

Business Requirement

The client being an insurance company, provides their motor vehicle insurance products to their customers. It was found that the customers raised claims with false documents. So, the insurance company now faces huge loss cutting down its profitability, even though they cross sales targets on a monthly basis. It was realised that the client needed a solution with GPS devices to monitor unnecessary trips and discrepancies of the customer’s vehicles on-field.

Trinetra Solution

The Trinetra Wireless solution provides the insurance company with real-time updates. The client utilises it on a regular basis to know how the vehicle is utilised, about the driver’s habits and total distances travelled in a day. The client is concerned about driving habits of drivers. Based on it, the insurance sector likes to provide the policy terms to the fleet owner/management. With a fleet management solution enabled with GPS system, both the fleet owners and insurance company can be provided real-time data on vehicles covering location of vehicle, driver scheduling, fleet maintenance and utilisation plus other data like parking or idling status.

Apart from these, data on driver violations that could lead to accidents, like harsh acceleration, braking or turning, other parameters can be recorded. This helps insurance companies to determine premiums. Trinetra’s FMS also supports additional external safety device integration, like a panic button, vehicle immobilizer, etc., to have control of vehicles when under critical situations.

Benefits

  • Instant alerts on deviations from business safety rules
  • Alerts when speed levels exceed the limit
  • Increased visibility between the various stakeholders
  • Improved driver management with the solution
  • Comprehensive asset monitoring
  • Increased employee satisfaction
  • Reduced maintenance costs

Insurance Company

Insurance Company

Client

The client is one of India’s leading Insurance companies. With years of experience have stability, strength and incorporates global expertise with local experience.

Business Requirement

Since the core value of the business depends on the vehicle activity for claiming the insurance. On knowing the same the client would like to automate vehicle tracking and their services without over-dues. The over-all idea is to provide win-win for both the parties.

Trinetra Solution

The client was provided with Trinetra fleet management solutions which helps in the client’s core business. Trinetra’ s fleet management solution made the client to be aware of the services that the vehicle undergone and nearing maintenance information which greatly reduced the manual intervention of the vehicle maintenance.

Each stakeholder was enabled with automatic notifications, ultimately to reduce the insurance premium. Vehicle monitoring is also important for the insurance industry when it comes for claiming to ensure whether the vehicle is actually on the move during the accident, at what speed vehicle the vehicle was moving helps in analyzing actual reason for the cause.

On implementing Trinetra vehicle tracking has been automated and removes lot of hassles for insurance claiming. This also made the end customers to smooth claiming of insurance for their vehicle. To understand the client history, it is made easy to download the reports which clearly shows the activity of the vehicle and helped the insurance company to take further decisions.

Benefits

  • Effective utilization of the vehicles
  • Automated fleet maintenance
  • Increase visibility between the various stake holders
  • Faster ROI from vehicles
  • Comprehensive fleet management
  • Decreased Overtime
  • Reputation in business
  • Smooth handling in-turn provides customer references
  • Reduced Operational Costs

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