Calculating Costs Based on Driver Behavior for Equitable Calculation of Insurance Costs
The exponential growth of fleet vehicles and high insurance costs have prompted experts in this field to explore cost-effective management methods. Among the key areas of focus for researchers is the equitable calculation of insurance premiums and effective management of fleet owners' claims. Real-time tracking and monitoring of insured vehicles emerge as the most powerful tools for managing these aspects. Insurance companies can leverage real-time information about the vehicles to efficiently address drivers' claims related to potential accidents. Moreover, calculating insurance costs based on factors such as driving behavior, operational type, and the specific routes traveled is one of the advantages of tracking equipment and fleet intelligence. This approach not only reduces insurance companies' expenses but also benefits fleet owners, as non-aggressive and low-operation drivers pay lower premiums.
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