Product Description Summary and Analysis Draft 2

According to Scope Technology website (2009), the MHub846 is a versatile solution for insurance providers and fleet operators. The website describes the solution as a hardwired device that can be easily integrated into vehicles. It obtains data that can be customised by the user with its “unique design of the input and output circuitry” (Scope Technologies, 2017). This customization allows for various data tracking that improves quality-of-life, such as engine hours reporting, CO2 emissions reporting, and vehicle battery monitoring. With the large number of customization, the device claims versatility in environments such as construction and major bus operations. Furthermore, the MHub846 can also accurately track fleet patterns to detect accidents and provides accident simulations to assist companies in their preventive measures. Among the various products in the market, the MHub846 is a versatile device that provides accident prevention for any company managing large vehicular operations and fleets.

One of the features of the MHub846 is that it comprises of many essential options that improve quality-of-life with its customization input and output logic. This flexibility allows the MHub846 to fit flawlessly into companies where large vehicular fleets are required. According to Cameron (2014), a company’s telematics requirement must have “flexibility and scaling”. Thus, the customization and flexibility options provided by the MHub846 provide an advantage. Companies could choose from the large scale of options that were essential to their business at the point where they start up and continue to venture into more options when the business starts to grow. This advantage meets the requirement set, and makes MHub846 the suitable device.

Another key feature about the MHub846 is the monitoring of the driver behaviour. In Burattino's case study of motor insurance in the Italian market(2014), he states that SwissRe shared how telematics is a win-win situation for both insurers and customers. The MHub846 provides value-added services where customers benefit from behaviour-based propositions, where an analysis of their driving behaviour is supervised. Customers also experience value-added services which helps to prevent accidents while they drive, while insurers benefit from the increasing profitability through specialization from knowledge creation. The data collected from the MHub846 provides information to insurers that support decision making on specific insurance products. This allows the evolution of new risk models, which in turns allow "cross-selling opportunities". The creation of models allows for a more fragmented insurance policy, with the policies providing more packages to be implemented where users can choose whichever plan suits them and results more revenue for insurers.
           

In telematics, having a single, customisable and modular device that can track driver activity is a valuable feature that all vehicle oriented companies want to have. The flexible nature of the MHub846 will be a great asset to any company as the device is simple to install, versatile for any requirement, and is scalable for future business models.
(470 Words)

References:
[1] J.Cameron, ‘3 Things To Look For In A Telematics Solution’, 5 December 2014. [Online]. Available: https://www.businesscomputingworld.co.uk/3-things-to-look-for-in-a-telematics-solution/

[2] M. Burattino, ‘Telematics: a Win-Win Proposition for Carriers and Customers, and a Door Opener for the Future of Insurance’, 31 July 2017. [Online]. Available: https://www.guidewire.com/blog/industry-trends/telematics-win-win-proposition-carriers-and-customers-and-door-opener-future

[3] Scope Technology, ‘MHub846 - Monitoring & Tracking for Fleets and Insurance’, 2009. [Online]. Available: http://new.scopetechnology.com/telematics-devices/mhub-846/

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