Installation Sectors

Motor Insurance

The UK’s Usage-based Insurance sector continues to mature with Insurance ‘black-box’ telematics enabling insurers to manage risk, execute effective claims, evaluate the market and improve revenues and costs. UBI technology is expected to continue growing from the current estimate of 12 million subscribers to well over 140 million by 2026.

The substantial challenges faced by insurance firms in the automotive sector have made it necessary to rethink the basic tenets of risk assessment, claims handling, and customer relationships. While contending with the disruption that defines today’s environment, firms struggle to address regulatory mandates, retain existing customers, acquire new ones, and maintain a competitive stance in a changing market in which digital transformation is vastly altering the playing field. Despite these obstacles, insurers have useful technology at their disposal to overcome the challenges. Insurance telematics can improve competitiveness and boost profitability, as well as help establish long-term customer relationships through better understanding of the needs and preferences of policyholders. By replacing speculative approaches for calculating risks and minimizing the cost of claims with precise data-driven strategies, insurers can institute telematics-based programs to deliver greater value to customers. As regulatory models, technology advances, and competitive programs continue to evolve, engaging with an experienced telematics service provider (TSP) is essential to determining the most appropriate business case scenarios for an insurer. A knowledgeable TSP can also help identify the business case best suited to each individual business strategy. This is a necessary foundation for implementing a successful program. Telematics-based insurance gives insurers an effective way to manage risks, exceed customer expectations, and help improve revenues and costs. As a more narrowly focused offshoot of insurance telematics, usage-based insurance (UBI) offers unique benefits that mirror many of the advantages of telematics. The paper provides insurers with an understanding of the true business values of insurance telematics and UBI, includes proof points that support the business case

HPC has, over the last 7-years, invested heavily in it’s National UBI relationships both with leading TSP’s and also, direct with Insurers. Today, HPC is recognised as the ‘Installer of choice’ in this demanding sector where stringent fitment SLA’s are key to minimising an Insurers exposure to risk. HPC will continue to shape innovative, customer focused tools to ensure it maintains its market sector leading position.

Leasing

The UK’s vehicle Leasing sector is a very competitive domain. Telematics, via the professional installation of data recording technology onto vehicles, can provide organisations with that important leading commercial edge. Telematics can provide genuine ‘UPtime’ in the proactive management of all service, maintenance and repair work that handles scheduled and unscheduled events and delivers measurement of vehicle off-road time in granular form via accurate black-box data recording & reporting.

Customer/company ‘profiling’ is a major output of quality Telematics deployment. The ability for a Leasing Org’s to accurately profile its clients drivers can greatly assist is shaping forward recommendations around vehicle mix to suit individuals routines & responsibilities. This powerful technology is proven to deliver cost savings and, therefore, provide that key competitive edge.

HPC has many associations with BVRLA organisations and understands the sectors dedicated demands and requirements.

Car Dealerships

We carry out an extensive and varied range of work for car dealers, including insurance approved stolen recovery tracking systems and dash cams.  Our engineers can be booked for just one installation, or for the day to carry out multiple jobs.  All work carries a 12 month warranty on the workmanship and with having national coverage inc Ireland.  So it doesn’t matter in the unlikely event there is a problem we have the coverage.