Next-gen vehicle tracking systems change the way the insurance industry approaches stolen vehicle claims
Advances in telematics improve stolen vehicle recovery and minimize insurance costs
- Worldwide, insurance companies spend billions of dollars each year to replace stolen vehicles.
- The industry seeks a way to minimize the burden of stolen vehicle replacement, but traditional telematics solutions fall short.
- Next-generation vehicle tracking systems, powered by Sigfox’s global IoT network, solve the major problems associated with telematics.
- Next-generation tracking systems are the latest revolution in insurtech: increasing rates of auto recovery while reducing insurance claim costs and overhead.
The UN Office on Drugs and Crime estimates that worldwide, one in every 1,500 people falls victim to vehicle theft each year. Couple this with the fact that in some areas, recovery rates fall well below fifty percent, and it’s no wonder the insurance industry has championed the use of telematics tracking in recent years. Each vehicle that is recovered-and recovered quickly-represents thousands of dollars in claims savings.
READ MORE ABOUT STOLEN ASSET RECOVERY:
Water management enters the age of the smart city thanks to IoT
Long-range telemetry solutions connect water meters, save utility companies time and resources
We have entered the age of the smart city. The Internet of Things (IoT) has become the norm, and urban areas are increasingly using new telemetry technologies to remotely and securely manage public assets. Utility companies are no exception. As water management systems age, and companies prepare to update their infrastructures, many have discovered the advantages of upgrading to long-range remote meter systems, such as Sigfox’s global IoT network. By connecting their water meters over Sigfox’s network, utility companies around the world have eliminated the need for onsite meter readings, saving time and resources and even improving customer satisfaction.
Utility companies save manpower and lower costs with smart water meters
As any utility manager knows, dispatching staff to manually read water meters is both time consuming and a logistical headache. First-generation telemetry solutions have made a small difference by allowing utility companies to remotely read meters from short distances. But with ranges of only a few meters, these solutions still take considerable manpower, not to mention fuel and vehicle maintenance costs.
Read more about Water Metering Solutions in our Use Case Booklet:
Rethink tank monitoring with the IoT
Predictive and just-in-time order management can help optimise resource planning and therefore save time and money.
Monitoring sensors can automatically detect temperature changes, filling status and general conditions.
Storage tanks and silos are a crucial part of many industries. From water management companies who need to store chemicals used to treat wastewater and farms that need to store wheat grain and feed, to industrial plants storing raw materials such as coal, wood and minerals, convenient storage is a huge aspect of their business. Even suppliers to these companies need storage facilities in order to deliver goods to their clients. Storage facilities are only useful if companies are able to accurately monitor the stock levels. For most of these companies, the only current solution are manual checks that are time consuming and ineffective.
This means companies routinely run out of stock. What these industries need is a way to remotely monitor stock levels without wasting man hours doing it by hand. What they need is a smart IoT solution. Using the long range Sigfox radio network, several leading IoT organizations have developed the solution these companies desperately need.
Read more about tank monitoring in our Use Case Booklet: