Oct/Nov 2006

Savings in insurance premiums are among the attractions that have prompted transport and distribution company Scanfreight to fit a telematics and asset management solution in 26 of its front-line vehicles. It has chosen the Fleetstar-Online system from Cybit.

By introducing the system, the company expects to cap insurance premiums for the next three years, as well as putting itself in line to earn an annual profit share of up to 16 per cent.

While the insurance business at large is known to look preferentially at operators who fit tracking systems in their vehicles, Cybit has gone much further than most in formalising this approach through an arrangement with Norwich Union, which is branded Fleet Telematics.

In the case of Scanfreight, the insurance cover was negotiated by FMW Risk Services, which is described as one of Cybit's specialist telematics brokers. FMW managing director Peter Blanc says the deal offered particular appeal against the background of an upward trend in premiums. "It made sense to lock down Scanfreight's premiums."

 

Scanfreight adds that it is was also attracted to the other benefits of telematics. As fleet director Richard Adlem puts it: "Implementing the Cybit solution gives us visibility of our entire fleet, which helps us to keep customers up to date when they need information." It also helps enhance productivity and keep costs under control, he says.