Insurance Companies Able to Customize Policies and Premiums with inthinc Technology
SALT LAKE CITY - 09/08/2011 - inthinc Technology Solutions Inc., a global telematics company centered on fleet management and driver safety solutions, is working hand-in-hand with insurance companies to shed light on driving behavior trends - enabling customized insurance policies and premiums for both consumers and commercial fleets. The inthinc solution measures driver behavior and verbally coaches drivers via an in-vehicle device to reduce risk by alerting drivers when they exceed the posted speed limit, forget to fasten their seatbelt, or exhibit aggressive driving behavior such as hard turns or hard stops. This information can be used by insurance providers to reward low-risk companies and individuals with discounted premiums.
"Insurance companies have long understood the variable risks inherent in consumer and commercial drivers - but until now, they haven't had a reliable way to identify where the risk exists or feel confident in connecting that risk to their policy creation and premium calculations," said Todd Follmer, CEO, inthinc Technology Solutions."inthinc applies an exact science to understanding driver risk and operates as a significant factor in preventing accidents. We help insurance companies gauge risk while helping drivers earn optimal rates based on their performance."
The inthinc solution offers a comprehensive suite of features to improve driver safety including in-cab verbal coaching, driver scoring dashboards, crash and roll-over detection, lane departure and collision avoidance alerts, cell and text use visibility and hands-free emergency calling.
inthinc is a global company centered on telematics, fleet solutions and driving safety. Its breakthrough driving safety solutions are designed to safeguard lives, save money and protect the environment. inthinc technology dramatically improves driver behavior and has been documented to reduce accidents by more than 80 percent. For more information, please visit http://www.inthinc.com.