Australia: IntelliTrac, Australia’s leading telematics provider has partnered with Insurance Box in Australia’s first telematics car insurance system.
CEO and Founder of IntelliTrac, Dean Calapai said, “We are honored that Australian developed telematics technology has been selected by Insurance Box, made possible by QBE, in Australia’s first telematics based personal car insurance. It’s going to transform the way Australians see the motor vehicle insurance industry.”
“The motor vehicle insurance industry has always been based around personal factors and the generic risk associated with the make and model of your vehicle. This technology allows vehicle usage and driving behavior to be analyzed so that insurance premiums are fairly calculated. It means good drivers can begin reaping the rewards of safe driving.”
“An online portal also allows drivers to review their ‘Drive Scores’ and provides helpful hints on how their driving behavior may be improved to possibly further reduce premiums, and at the same time reduce carbon emissions, fuel consumption and wear and tear on their vehicles. It’s a game changer for Australia; it promotes safe driving and in time may result in safer roads. ”
Mr. Calapai said, “We’ve already seen this technology successfully rolled out throughout the US and Europe. We have studied the US and European offerings and developed an Insurance Telematics solution which is unique to Australia. This brings us to the forefront of technology thanks to our partnership with Insurance Box, made possible by QBE, and the knowledge which we have gained during the research and development cycle. I dare say we are now setting the benchmark in the industry.”
IntelliTrac partnered with KORE Wireless, the world’s largest dedicated M2M (Machine to Machine) wireless network provider in this Australian first.
Mr. Calapai, added: “KORE Wireless understands M2M. It understands the responsibilities around data privacy and data integrity. KORE Wireless was able to provide a ‘virtual private network’ and dedicated ‘network access point’ , meaning that all data is secured, encrypted and depersonalized. Data security and privacy was a mandatory requirement in bringing this product to market,”
Frank Peppard, Chairman of Insurance Box, said, “IntelliTrac have proven experience delivering telematics and mapping solutions and we are fortunate to have had access to their expertise and innovative thinking on the three year journey to develop Insurance Box for Australian conditions”.
Mr. Calapai praised his engineering and software teams at IntelliTrac and streetdirectory.com.au on their magnificent effort in being able to bring ‘Insurance Box’ from concept stage to market ‘on time’ and ‘within budget’. It once again demonstrates to the market that IntelliTrac Australia has the ‘smarts’ and determination to make it happen.