The Mhub 846
According to Scope Technology website (2009), the MHub846 is a versatile
solution for insurance providers and fleet operators. The website describes the
solution as a hardwired device that can be easily integrated into vehicles. It
obtains data that can be customised by the user with its “unique design of the
input and output circuitry” (Scope Technologies, 2017). This customization
allows for various data tracking that improves quality-of-life, such as engine
hours reporting, CO2 emissions reporting, and vehicle battery monitoring. With so many customization options, the MHub846 claims versatility in
environments such as construction and major bus operations. Furthermore, the
MHub846 can also accurately track fleet patterns to detect accidents and provides
accident simulations to assist companies in their preventive measures. Among
the various products in the market, the MHub846 is a versatile device that
provides accident prevention for any company managing large vehicular
operations and fleets.
One of the features of the MHub846 is that it comprises of many
essential options that improve quality-of-life with its customization input and
output logic. This flexibility allows the MHub846 to fit flawlessly into
companies where large vehicular fleets are required. According to Cameron
(2014), a company’s telematics requirement must have “flexibility and scaling”.
Thus, the customization and flexibility options provided by the MHub846 provide
an advantage. Companies could choose from the large scale of options that were
essential to their business at the point where they start up and continue to
venture into more options when the business starts to grow. This advantage
meets the requirement set, and makes MHub846 the suitable device.
Another key feature about the MHub846 is the monitoring of the driver behaviour. In Burattino's case study of motor insurance in the Italian market(2014), he states that SwissRe shared how telematics is a win-win situation for both insurers and customers. The MHub846 provides value-added services where customers benefit from behaviour-based propositions, where an analysis of their driving behaviour is supervised. Customers also experience value-added services which helps to prevent accidents while they drive, while insurers benefit from the increasing profitability through specialization from knowledge creation. The data collected from the MHub846 provides information to insurers that support decision making on specific insurance products. This allows the evolution of new risk models, which in turns allow "cross-selling opportunities". The creation of models allows for a more fragmented insurance policy, with the policies providing more packages to be implemented where users can choose whichever plan suits them and results more revenue for insurers.
Another key feature about the MHub846 is the monitoring of the driver behaviour. In Burattino's case study of motor insurance in the Italian market(2014), he states that SwissRe shared how telematics is a win-win situation for both insurers and customers. The MHub846 provides value-added services where customers benefit from behaviour-based propositions, where an analysis of their driving behaviour is supervised. Customers also experience value-added services which helps to prevent accidents while they drive, while insurers benefit from the increasing profitability through specialization from knowledge creation. The data collected from the MHub846 provides information to insurers that support decision making on specific insurance products. This allows the evolution of new risk models, which in turns allow "cross-selling opportunities". The creation of models allows for a more fragmented insurance policy, with the policies providing more packages to be implemented where users can choose whichever plan suits them and results more revenue for insurers.
In telematics, having a single, customisable and modular device that can
track driver activity is a valuable feature that all vehicle oriented companies
want to have. The flexibility feature of the MHub846 is a great asset to any
company looking for a simple installation, versatile device for any
requirements, in present or future business models.
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[2] Telematics: a Win-Win Proposition for Carriers and Customers, and a Door Opener for the Future of Insurance. (2017). Guidewire. Retrieved 7 November 2017, from https://www.guidewire.com/blog/industry-trends/telematics-win-win-proposition-carriers-and-customers-and-door-opener-future
[3] MHub 846 – Monitoring & Tracking for Fleets and Insurance | Scope Technology. (2017). New.scopetechnology.com. Retrieved 7 November 2017, from http://new.scopetechnology.com/telematics-devices/mhub-846/
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References:
[1] Cameron, J., & Cameron, J. (2017). 3 Things To Look For In A Telematics Solution | BCW. Business Computing World | Inspirational IT Thought Leaders Blog. Retrieved 7 November 2017, from https://www.businesscomputingworld.co.uk/3-things-to-look-for-in-a-telematics-solution/
[2] Telematics: a Win-Win Proposition for Carriers and Customers, and a Door Opener for the Future of Insurance. (2017). Guidewire. Retrieved 7 November 2017, from https://www.guidewire.com/blog/industry-trends/telematics-win-win-proposition-carriers-and-customers-and-door-opener-future
[3] MHub 846 – Monitoring & Tracking for Fleets and Insurance | Scope Technology. (2017). New.scopetechnology.com. Retrieved 7 November 2017, from http://new.scopetechnology.com/telematics-devices/mhub-846/
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