IoT Insurance Fleet Telematics Solution
IoT Insurance Fleet Telematics Solution
According to the Research and Markets 2022 Usage-Based Insurance Market Report, the market is expected to grow at a compound annual growth rate (CAGR) of 24.9%, reaching $132.02 billion by 2026. This growth is primarily driven by the expansion of the automotive industry, and staying ahead can give insurance companies a competitive edge.
YUWEI's usage-based insurance (UBI) telematics solution provides data on how, when, and where policyholders drive. This data helps insurance companies offer lower premiums to low-risk drivers, higher premiums to high-risk drivers, and encourage improved driving habits, thereby enhancing customer retention and operational efficiency.
YUWEI Fleet Telematics Solution
In-Vehicle Safety Cameras
YUWEI’s OBD plug-in trackers, dash cams, and other devices collect data such as collision events, driving time, mileage, fuel consumption, and driving behavior, which is uploaded to cloud servers via cellular networks. If the policyholder shows signs of distraction or fatigue, the device will issue a voice reminder. In emergencies, the device allows the user to request assistance by pressing a button.
Cloud Server Storage
The cloud server analyzes and visualizes data, making it easy for insurance companies to access. Data is stored on the cloud for up to three months.
IVMS Fleet Tracking Management Platform
The platform presents data through charts and easy-to-read text, offering a simple operation for insurance companies to track vehicle locations in real-time, respond to emergencies quickly, recover stolen vehicles, and view real-time fuel levels, mileage, and more.
Benefits of the Fleet Telematics Solution
Activity Videos Uploaded to the Cloud
YUWEI’s AI dash cams or camera systems capture collisions and unsafe driving events, saving video evidence to reduce insurance fraud and protect innocent policyholders from liability.
Driver Monitoring System (DMS)
DMS cameras record driver distractions, fatigue, and other behaviors, categorizing videos to aid in searching and guiding drivers to improve their behavior.
24/7 Availability
The mobile app provides round-the-clock access, helping policyholders understand how to improve driving behavior and secure lower annual premiums.
Continuous Tracking
In addition to GNSS positioning, YUWEI's tracker features an Inertial Navigation System (INS) that provides location tracking even in areas with weak or no GPS signal, increasing the chances of recovering stolen vehicles and reducing losses.
Improved Customer Experience
Drivers can immediately notify the insurance company through an emergency button, helping the company quickly locate the vehicle, arrange rescue, or address emergencies.
Seamless Integration via API
YUWEI offers API protocols for integration with existing platforms, making it easy to access IVMS data. The team can also assist in building custom platforms if needed.
Custom Services
With 20 years of IoT/IoV experience, YUWEI provides instant deployment solutions, OEM, ODM, and OBM services to meet the needs of various industries.
Through YUWEI’s telematics solution, insurance companies can more accurately assess risks, enhance customer experience, and optimize operational efficiency, standing out in a competitive market.
Email:hello@yuweitek.com
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