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Insurance Applications

Asset Management is, most simply, the ability to attach or embed a wireless device with GPS location capability and provide the ability for the user to locate and track the device on a timed or on-demand basis. Though not the only reason, the primary driver is theft prevention and recovery where the return on investment is driven by lower replacement costs and, in some cases, by insurance savings. Asset Management is applied in a number of industries including:

  •   Automobile rental and leasing
  •   Federal and State agencies
  •   Construction equipment
  •   Freight and shipping
  •   Public transportation
  •   Law enforcement agencies

With the increased focus on Homeland Security, asset tracking has evolved into ever-widening applications. For example, the Container shipping industry is actively implementing container identification, monitoring of cargo and security alerts in the case of tampering. Further, Asset Tracking devices are also starting to include explosive and hazardous waste detectors that can be used to alert local authorities. With the amount of cargo entering US and Canadian ports from less than regulated countries, combined with the sheer volume of cargo crossing the Mexican and Canadian borders, Asset Tracking is evolving into a valuable security solution that may soon become a regulatory requirement. Cellexmatics helps customers to quickly test and deploy its Asset Management solutions.
 
Cellexmatics understands that the insurance industry is undergoing major changes and is faced with the challenge of accurately identifying the risk associated with each policy. Cellexmatics technology enables the industry to continuously monitor any insured asset, thus providing a competitive advantage to your company. 
 
Mileage Reporting
The Automatic Vehicle Locator (AVL) market is, in many ways, one of the most mature M2M segments, with widespread penetration in Long Haul trucking and auto rental fleets. In fact, some estimates suggest that as much as 45% of all M2M connections in North America are in this segment.

But, there is much room to grow. Consider this: with more than 1 million Long Haul trucks on our roads, and 40% of this market already using AVL applications, increasing penetration into the owner/operator and independent fleets is now taking place. There are also over 18 million short haul delivery vehicles – and this market is less than 5% penetrated today! With innovative and customizable solutions appearing from independent applications providers, this market is rapidly expanding, based on cost-effective, widespread coverage, digital cellular network access.

As applications advance from simple ‘where are we’ services to more integrated applications supporting logistics services, so there is a growing need for elastic and cost-effective capacity in the network. For example, health regulations are driving constant monitoring of chilled foods in transit, while border security initiatives are allowing drivers to ‘call ahead’ – sending updated manifests to border agents to speed cross border transit times. These applications can only be implemented cost efficiently using Cellexmatics technology.'
 
The vehicle insurance industry is searching for a reliable and elegant solution, which enables the accurate determination of the number of miles driven by a vehicle on a timed or on-demand basis. 
 
Cellexmatics has perfected a system that works with any make and model vehicle, anywhere. For vehicles or insurers that are not part of the OnStar, Cellexmatics has devised a patented system consisting of a cellular communications module and a machine sensor. The sensor uses GPS technology to measure and store the number of miles traveled within a specified period of time. Additionally, if desired the sensor can record the number of times that the vehicle''s brakes or turn signals are engaged, allowing insurers to assess driving habits. This information may be transmitted to the operator on a timed basis or retrieved on-demand.
 
Cellexmatics system is designed for easy installation. The modules are typically secured in the trunk of the vehicle. The installation procedure is simple enough to be performed by the customer.
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