Total Systems announces partnership with Armour Fleet Trac to bring innovative telematics-based insurance proposition to market
Total Systems plc [LSE Symbol; TTS], a leading provider of policy systems to the UK insurance market are delighted to have signed an agreement with Armour Fleet Trac to market their telematics based solution
The agreement will see Total initially marketing Armour's proposition to Fleet insurers. John Kowalyk, Managing Director of Armour says "The UK Fleet market would benefit enormously from more insurers adopting telematics as a way of enriching the information available to both Fleet Managers and Insurers. In addition to standard Fleet functionality, the wide range of alerts the software can trigger enable Fleet Managers to track driving patterns, facilitate faster recovery and offloading of vehicles and accurately track the position of the fleet"
The proposition offer insurers an exceptional and unique opportunity to draw on the Management Information to underwrite risk more effectively, fully automate their fleet processes and ensure compliance with the Motor Insurer Database (MID).
The emergence of Pay as you Go as a viable insurance proposition will undoubtedly increase the demand for the technology in the near future.
About Armour Fleet Trac
Armour Fleet-Trac is a trading name of Trace Systems Ltd which, since 1988, has been designing and developing Commercial Fleet Management software for the motor sector.
Its Fleet, Workshop and Stores Systems are used all over the UK, Ireland and the Middle East by many national organisations managing their day-to-day fleet activities.
Armour Fleet Trac are specialists in software for Commercial Vehicle Management Systems and have now developed the Armour Fleet-Trac product. Armour Fleet Trac's unique 24/7 on-line tracking with built-in accident detection, risk management and fleet insurance modules makes it a market leader.
Vehicle Location Systems Ltd are a key partner of Armour Fleet Trac and have been involved in prestigious projects such as the distance based road charging scheme for Transport for London.
Total Systems plc
Total Systems [LSE Symbol; TTS] offers a comprehensive range of software, support and expertise to the insurance sector. Total Systems' Ultima product is a client-driven, SOA compliant insurance and warranty system used to manage personal and commercial insurance and warranty products, from quotation through to claims and accounting. In addition to delivering cost-effective, robust, solutions, Total Systems' provides the necessary consultancy, training and support to ensure that its clients get the maximum return on their investment.