Trakm8 has recently launched an enhanced automated returns solution that gives policyholders a simple and efficient way to send their telematics device back at the end of policies. The solution has already doubled the number of devices being recycled reducing environmental impacts, meaning thousands of devices can be re-used multiple times reducing strains on global supply chains for electronic components.
The average return rate of insurance telematics devices in the UK is below 30% meaning thousands of devices that are fitted to vehicles are either left in the vehicle, at the policyholders’ residence or disposed of incorrectly. To counter this issue Trakm8 has developed an enhanced automated solution that offers policyholders a seamless process to send their device back at the right time simply and efficiently. The newly launched solution offers insurers an automated service making it easy for policyholders to understand how to return the device, highlighting the environmental benefits, and offering an easy-to-return and zero-cost option when policies end.
Trakm8 is a trusted partner for many of the UK’s top insurers offering a full end-to-end telematics solution that allows seamless management of vehicles and customers at scale. The cutting-edge platform provides instant insight into journey information, exception reporting, fraud identifiers, crash detection and driver scoring. The platform works alongside an innovative customer app that offers an easy-to-use interface with an overview of driver data and scoring.
Adam Gooch, Managing Director for Insurance at Trakm8, added, “At Trakm8 we are continually developing our market-leading proposition and we are delighted that our automated returns solution has already had such a huge impact with several of our insurance partners allowing us to recycle many more devices.
The team at Trakm8 are continually striving to improve our solutions for insurers, save them money and develop automated solutions that positively impact the environment. We are now actively rolling this service out to our wider range of insurers.“
For more information on Trakm8, please visit: www.trakm8.com
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