Product Description Summary (Draft2) + Analysis, by Nat and JY

According to the official Scope Technology website, the MHub846 is a solution for insurance providers and fleet operators to facilitate accident prevention and driving behaviour. 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). The device claims diverse usage in environments such as construction and major bus operations. The MHub846 contains software that can accurately track fleet patterns to detect accidents and provides reconstruction of them to assist companies in their prevention measures. The website also claims their product  to have customisable quality-of-life features, such as engine hours reporting, CO2 emissions reporting, and vehicle battery monitoring.

Among the various products in the market, we feel that the MHub846 is an excellent device for any company managing large operations and fleets.

Looking at the MHub846 as a whole, the device comprise of many essential features that incorporates quality-of-life necessary to every industry and fleet. The flexibility the MHub846 brings fits flawlessly into companies where large fleets are required. According to John Cameron from Business Computing World, he mentioned that a company’s telematics solution requires their product choice to have “flexibility and scaling” (Cameron, 2014). 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.

Furthermore, starting companies can pick from the large variety of options that is important to their business at that time, and continue to choose more options when their business scale increases, without the need to invest in additional technology.

Finally, two key features that should be noted about the MHub846 is its driver behaviour and driver management. From a case study regarding motor insurance in the Italian market, SwissRe shared how telematics is a win-win situation for both insurers and customers. Customers benefit from behavior-based propositions, where an analysis of their driving behaviour is supervised. While driving, customers could also experience value-added services which helps to prevent accidents. On the flip side, insurers benefit from the increasing profitability through specialization. With the capability of telematics-based contribution to select risks, data such as influence driving can be tracked and the collected can be used conveniently during claims-handling process.

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, and we strongly believe that the mHub846 is a great asset to any company looking for a simple installation, versatile device for any requirements, in present or future business models.

References:

Scope Technology (2009). Monitoring & Tracking for Fleets and Insurance. Retrieved from: http://new.scopetechnology.com/telematics-devices/mhub-846/

John Cameron (2014): 3 Things To Look For In A Telematics Solution. Retrieved from https://www.businesscomputingworld.co.uk/3-things-to-look-for-in-a-telematics-solution/

Marco Burattino (2017) Telematics: a Win-Win Proposition for Carriers and Customers, and a Door Opener for the Future of Insurance. Retrieved from https://www.guidewire.com/blog/industry-trends/telematics-win-win-proposition-carriers-and-customers-and-door-opener-future