Today, the CSE Group continue to provide market leading OE products and services to the automotive, fleet and insurance industries.
Our vision of tomorrow is to allow all drivers and vehicle owners which will also include companies who have their own vehicle fleet – whether it is for passenger cars or for commercial vehicles – to promote safe driving and enjoy the benefit of paying lower insurance premiums as a consequence.
This works on a simple idea that a person who drives safely should be paying less insurance premium compared to a driver who speeds and drives with less caution. In introducing Insurance telematics for Usage-Based Insurance (UBI), this would be known as Pay How You Drive (PHYD) applying more to commercial vehicles.
There is less risk for insurance companies in insuring commercial vehicle drivers who can provide evidence of good driving profile under our Connected Fleet system.
By the same token, a person who drives less (example, a housewife) should not pay the same amount of insurance premium compared to a person who travels more (example, a salesman). This has already been practised in Europe and applies to Pay As You Drive (PAYD) under our Connected Car system.
With the coming detariffication of the insurance industry by Bank Negara Malaysia in 2016, next year could be a challenging and exciting year for the insurance industry.; depending on how innovative the insurance companies are in packaging their products to stay ahead.
Both the commercial and passenger car manufacturers and distributors should also take the initiative to champion this good cause: To reward good drivers, reduce accidents on the road and save lives. The benefits of driver profiling, data crash analysis and advanced telematics fleet management are far reaching.
Besides insurance savings, safety, lower maintenance, reduced fuel and operating costs, the benefits extend to all parties involved. The benefits extend to the families of all people who drive and care for their loved ones, to vehicle fleet owners who demand better accountability from drivers and to automotive companies who seek to enhance their product offering before and after the sale.
We invite everyone to share and promote our vision of happy drivers, safer roads and smiles to the automotive, fleet and insurance industries. Drive safe!