According to Scope Technology website, 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, 2009). 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 device is versatile 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 quality-of-life options and also 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 can choose from the large scale of options that are 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 accident prevention and how it allows insurers and customers to benefit from its data. 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 behavior-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. Knowledge creation about risks and customers facilitates the development of new risk models. This can be integrated into economic models on insurance product which allows cross-selling opportunities. The creation of models also allow for a more fragmented insurance policies, with the policies providing more packages to be implemented where users can choose whichever plan suits them and results more revenue for insurers. Therefore, it emphasizes how versatile the MHub846 is and help company to manage vehicle fleets.
Another key feature about the MHub846 is accident prevention and how it allows insurers and customers to benefit from its data. 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 behavior-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. Knowledge creation about risks and customers facilitates the development of new risk models. This can be integrated into economic models on insurance product which allows cross-selling opportunities. The creation of models also allow for a more fragmented insurance policies, with the policies providing more packages to be implemented where users can choose whichever plan suits them and results more revenue for insurers. Therefore, it emphasizes how versatile the MHub846 is and help company to manage vehicle fleets.
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. By having multiple quality-of-life features providing a customizable experience, 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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References
J.Cameron (2014), ‘3 Things To Look For In A Telematics Solution’, Retrieved from: https://www.businesscomputingworld.co.uk/3-things-to-look-for-in-a-telematics-solution/
Scope Technology (2009), ‘MHub846 - Monitoring & Tracking for Fleets and Insurance’ Retrieved from: http://new.scopetechnology.com/telematics-devices/mhub-846/.
M. Burattino (2017), ‘Telematics: a Win-Win Proposition for Carriers and Customers, and a Door Opener for the Future of Insurance’, Retrieved from: https://www.guidewire.com/blog/industry-trends/telematics-win-win-proposition-carriers-and-customers-and-door-opener-future
