In-car cameras prove to boost road safety and slash insurance
By Kyle Lindsay
Friday, December 12, 2014 - 09:07
3G devices are enabling companies to work closely with clients
3G vehicle cameras have been shown to have a significant impact on road safety and insurance costs according to Intelligent Telematics including a reduction in accident frequency of 45%.
These findings were taken from the analysis of 2,000 commercial vehicles using the company’s IT1000 camera solution over a six month period, which also found that as well as actually preventing accidents from happening, the cost of those that did occur were 27% less as a result of instant intervention.
Commenting on the findings, Nick Plowman, CTO of Intelligent Telematics: “We are seeing multiple benefits from using a 3G vehicle camera, which are helping fleets to operate more responsibly while at the same time reduce overheads. The 3G cameras are not only preventing incidents and discouraging other road users from making a fraudulent or inflated claims, but when an accident does happen the footage is available from the scene within seconds so first notification of loss is helping achieve substantial insurance claim cost savings.”
The HD video footage, g-force and speed of impact data from the 3G vehicle camera can be accessed quickly and effectively online to prove blame, increase speed of intervention and assist policyholders. With instant intervention using first notification of loss, companies can better manage and take control of the claims handling process to help avoid excessive third-party hire and repair costs as well as prevent incitement of some injury claims.
Meanwhile, the analysis also found that 65% of the accidents recorded were in fact avoidable, highlighting a clear opportunity to improve fleet safety levels through improved and targeted driver engagement. With this in mind, companies are increasingly using the information provided by the vehicle cameras to pro-actively improve driver behaviour. By capturing footage of near misses and poor driving incidents, in addition to actual collisions, it is now possible to identify high risk employees and those that would benefit from driver training.
“Vehicle cameras have historically offered a reactive solution, recording footage to an in-vehicle SD card in the event of an accident,” explains Plowman. “However, the introduction of 3G devices is enabling us to work closely with clients to implement a proactive and preventative solution that is achieving measurable improvements in terms of accident and cost reduction, while supporting ongoing Duty of Care strategies.”