Vehicle insurance telematics a way to get hold of low auto insurance annual premiums.

With ever-increasing inflation and fuel price hike, vehicle insurance telematics appear to be band-aid to get hold of low annual premiums of auto insurance. Besides low premiums, vehicle insurance telematics may prove itself as waypost for safer roads. According to the poll conducted by MoneyGeek, of over 1,000 motorists which include 10% of Generation Z ((1997 – 2012), 31% were millennials (1981 – 1996), 32% were Generation X (1965 – 1980), and 26% were baby boomers (1955 – 1964). 39% of respondents stated they would opt into telematics for a 5% premium decrease, including 48% of Gen Z and 47% of millennial drivers. 37% answered they would prefer no discount, 11% a 10% discount, and 13% a 20% discount.

Survey respondents highlighted three reasons for their reluctance to utilize telematics insurance services: mishandling of the information leading to a privacy breach, information being utilized for legal purposes, or disclosure of their driving data might lead to marketing campaigns

Comfortable in sharing data about

Mileage traveled (51%)

Time of day driving (42%)

Frequency and duration of driving (41%)

Speed (39%)

Telematics aids in the reduction of rates for safe or low-risk drivers. While people involved in frequent accidents may pay a higher premium, however telematics service providers such as Eagle-i can urge them to practice safe driving habits. Not only a better driver pays less for insurance but also scores good on Eagle-I driver scorecard.

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Why do banks need an effective ATM Tracking and Monitoring Solution?

Automated Teller Machines widely known as ATMs had become an integral part of Montreal transactions. Despite the global shift to mobile and internet banking and forecasts of a cashless society, ATMs are still regarded as a necessary service. The convenience of an ATM allows user to undertake rapid self-service operations such as cash deposit and withdrawal, bill payment, and account transfers.

Eagle-IoT has specially designed its ATM Tracking and Monitoring Solution to offer real time 24/7 insights with its sensors to use in ATM units, with long battery backup, call facility and of water proof casing in order to maximize the performance. The sensors installed in the ATM continuously push the data to the servers through a secure TCP/IP connection. The messages sent from the devices includes the location information along with other sensors’ telemetry. If the asset encounters a grey area where there is no GSM network, the device will start working as a datalogger and will keep storing the data in the internal memory. Once the network is resumed, the data will be sent to the server and the memory buffer will be cleared.

ATM Cabinet Door Monitoring

The ability to detect ATM cabinet door status (door closed, door opened) and displays it on the Platform.

Tilt and Vibration Monitoring and Alarms 

To detect undesired movements a safety feature is integrated in the ATM Solution to issue Alerts, Alarms and Calls when the device is tilted or dislocated.

Temperature Monitoring

Alarm in the event of a sudden change in temperature of the ATM interior.

Eagle-IoT ATM tracking and monitoring solution can be used a means of prevention, tracking and recovery to address the possible thefts. To know more about us,

Expense Management: Cornerstone to Optimize your Fleet Operations

Expense Management is the cornerstone of a successful fleet management plan, which requires insight of statistics in black and white to optimize your operations, stick to budgets and save money, and to precisely track of where you’re spending more than you realize. It’s a multifaceted process which needs an organized methodology for processing all expense reports and approvals, which entails more than just keeping track of employee-initiated costs. Expense management is a matter which can actually impact your chances of success and deserves the full attention.

Monitor and identify under-utilized and over utilized fleet assets to save costs and reduce risk. On the dashboard graphical overview of expenditures and performance of an asset or a group of assets are visible allowing you to analyze your assets which have become liability on the company and need to be retired from the fleet. A whole year budget can be designed by using Service/Renewal module along with Analytics Dashboard, where each branch performance can be compared with expenditures. Just like performance comparison in analytics dashboard, a comparison of expenditure is available between assets, and between branches.

An expense management process ensures that every expense claim is accounted for and reimbursed as quickly as possible while keeping tabs on all activities to prevent fraud and promote compliance integration of an expense management solution not only boosts visibility, but also gives you full control over every aspect of your organization’s expense management process. These preventive strategies may sound hard to deploy but deferring preventive strategies could lead to a lot more pain and expenses down the road.

To find the right tools to make streamlined and efficient expense management possible, contact us today!