News & Insights

The insurance and risk benefits of in-cab driver monitoring systems

Published 27 November 2018

Adoption of in-cab driver monitoring systems is picking up pace in the transport sector and offers multiple benefits for large fleet operators, according to Gallagher Head of Transport Roz Shaw.

Shaw - a 30-year transport sector veteran, who joined Gallagher in July 2018 - says that in a sector facing increasingly tight margins, adopting new technologies makes sound commercial sense.

"Telematics have been gaining traction for some years, but in-cab driver monitoring systems in particular have been gathering pace and take-up in 2018," said Shaw.

"Telematics systems can play a pivotal role in reducing fuel use and tyre wear, and assist with establishing reliable cost/kilometre ratios, while in-cab monitoring systems can influence positive driver behaviour and minimise the risk of fatigue or distraction-related accidents."

 

 

Roz Shaw discusses the benefits of in-cab monitoring systems in this short video interview

Aside from the human cost, reducing heavy vehicle accidents makes business sense to transport operators. As a result, Shaw recommends mid-size and large fleet operators give serious consideration to adopting in-cab monitoring systems.

"This technology can be expensive and as a result some transport companies are reluctant to make the investment," Shaw explained. "However, at Gallagher we have been able to facilitate productive conversations between our clients and insurers to offset some of these costs.

"Insurers may even be willing to share costs with transport operators, or reduce insurance premiums for those who have installed in-cab monitoring systems. It’s certainly a question transport operators should raise with their broker if they are weighing up whether to implement the technology.

"With fully autonomous trucks still years away, these in-cab monitoring systems represent a tangible means of improving safety records and fleet efficiency. Everyone wins in that equation." 

This subject is explored in greater detail in the latest Gallagher Market Overview Report, Reflecting on a year of change. Other transport topics covered include Chain of Responsibility legislation and EPS panelling risks at distribution centres.

Download 2018: Reflecting on a Year of Change here


 

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