“Insurers are increasingly using tools like predictive modeling to be able to limit risks and improve underwriting profitability,” said Kimberly Harris-Ferrante, Research Vice President with Gartner. “Using tools to perform real-time data analysis to predict driving risks and accident likelihood will ultimately help insurers meet these business requirements. Used for fleet insurance, this gives insurers the opportunity to distinguish safe drivers from drivers who are simply accident-free, promoting safer driving and accident prevention…”
IVOX’s DriverScore helps companies to reduce insurance costs through the use of a “black box” device embedded within an individual’s vehicle, which gathers ongoing data measuring a driver’s behavior – including acceleration, braking, lane changes and other actions. This data is then analyzed through algorithms to create a risk-adjusted, objective assessment of driver conduct…
DriverScore can be used as – a determinant for driver hiring and compensation.
Golly gee.