The expansion of telematics, is already
being widely incorporated throughout the auto industry. The “bad” drivers of
the world may fear the worst, but actually telematics are a two-way street.
With Prime’s Xemplar technology,
we wanted to put power in the hands of both the insurers and the insured. Instead of requiring hardware that stays in your
car, our telematics solution is available with the download of a data tracking
mobile app. Rather than using telematics as a tool to punish bad drivers, Prime
telematics presents the consumer with features that can supplement their travel
and improve their driving.
- Drivers can collect data on their speed, hard braking, rapid acceleration, location, drive times, and traffic levels. The application can warn drivers when they are driving unsafely, and provide them with a driving score. The application can also potentially reward the driver for improving that score with coupons or other incentives.
- Drivers would receive direct marketing, traffic reports, weather, driver improvements, and claims filing through the mobile app.
- Drivers would also have access to Path-Finder, which allows parents to track their teen drivers. It can also help prevent teenage drivers from texting while driving. Because the app is phone based, the phone’s internal gyroscopes can detect how fast the vehicle is moving. If it exceeds a certain mph, the phone’s texting application will temporarily deactivate.
Don’t own a car? XemplarTelematics can still enhance your driving experience. One interesting
new technology feature, “geofencing,” is being used to keep track of fleets of
vehicles that a company may allow a customer to borrow, ensuring that people
are not taking company merchandise out for joyrides. This reduces costs,
leading to savings which car share companies can pass onto their customers.
Rather than being an oppressive
“Big Brother,” Prime telematics can promote good driving behavior, making roads
and communities safer and save money for customers and insurers. Because of
this,companies want to work with us and do some testing, leading to them
potentially implement Prime’s telematics technology.
