September 07, 2010

Travelers (Hartford) has announced that it will offer potential discounts of up to 15 percent on certain auto liability insurance premiums for qualifying businesses that effectively use telematics to monitor their owned commercial fleets and driver behavior, according to a news release from the insurer. Telematics technology collects, stores and sends data about how a vehicle is operated.

“By embracing fleet vehicle telematics and offering discounts to our commercial auto customers that effectively deploy this technology, Travelers is furthering its commitment to improving driver behavior and roadway safety,” comments Scott Higgins, president, Travelers Commercial Accounts. “Customers who are already taking advantage of the latest telematics technology are encouraged to work with their independent insurance agent or broker to see if they qualify for the discount.”

Depending on the specific type and brand of vehicle telematics deployed, businesses will be able to receive information about driver behavior, vehicle routing and fuel efficiency, according to the Travelers release. "All of this information can help risk and fleet managers minimize risk and costs, the release says. "Additionally, risk and fleet managers will have the feedback necessary to engage drivers about their driving performance and provide coaching on how to improve safety."

ABOUT THE AUTHOR
Anthony O'Donnell has covered technology in the insurance industry since 2000, when he joined the editorial staff of Insurance & Technology. As an editor and reporter for I&T and the InformationWeek ...