Key Takeaways
- 84% of fleets deploy safety technology primarily to exonerate drivers
- 53% of fleets involved in accidents over the past 12 months successfully cleared drivers using safety technology
- 34% of fleets have been impacted by fraudulent motor claims
- 77% of respondents see rising litigation and legal costs as a global concern
- 85% of fleets have been able to counter rising insurance premiums since implementing safety technology
Introduction to Safety Technology in Fleets
The recent report from Teletrac Navman, "Mobilizing the Future of Fleets: 2026 Risk and Exoneration Edition", has shed light on the significant impact of safety technology on risk management for fleets. The company, a leading connected mobility platform and part of Vontier, conducted a study that reveals how fleets are leveraging safety technology to exonerate drivers, reduce fraudulent claims, and mitigate rising litigation and legal costs. The findings of the report are significant, with 84% of fleets deploying safety technology primarily to exonerate drivers, and 53% of fleets involved in accidents over the past 12 months successfully clearing drivers using these tools.
The Impact of Fraudulent Motor Claims
One of the key findings of the report is the prevalence of fraudulent motor claims. According to the study, one-third (34%) of fleets have been impacted by such claims, which can have a significant financial impact on fleets. Furthermore, 77% of respondents see rising litigation and legal costs as a global concern, reflected in increased insurance premiums. This highlights the need for fleets to adopt effective risk management strategies, including the use of safety technology, to mitigate these costs. By implementing safety technology, fleets can provide evidence to support or refute claims, reducing the likelihood of fraudulent claims and the associated costs.
The Role of Integrated Approaches
The report also found that fleets are increasingly adopting integrated approaches to safety technology, with 56% using five or more technologies and 74% pairing telematics with dashcams to provide complete context around driving events. This integrated approach allows fleets to gather a more comprehensive understanding of driving events, enabling them to make more informed decisions about risk management. The use of telematics and dashcams, in particular, provides a powerful combination of data and video evidence, allowing fleets to reconstruct accidents and exonerate drivers where necessary.
The Benefits of Safety Technology
The benefits of safety technology are clear, with 85% of fleets reporting that they have been able to counter rising insurance premiums since implementing safety technology. Furthermore, 65% of fleets have seen premium reductions, highlighting the significant cost savings that can be achieved through the use of safety technology. Additionally, nearly 70% of fleets reported that combining cameras with telematics drastically reduces the time required to process accident claims, allowing them to respond more quickly and effectively to incidents.
The Evolution of Telematics
According to Alain Samaha, CEO of Teletrac Navman, the role of telematics is evolving and taking on a more strategic purpose in fleet organizations. Telematics is no longer just a tool used for cost control and improvements, but an extremely powerful, proactive risk prevention and management solution. This shift reflects the growing recognition of the importance of safety technology in fleet management, and the need for fleets to adopt a more proactive approach to risk management. As the use of safety technology continues to grow and evolve, it is likely that we will see even more innovative solutions emerge, further transforming the way that fleets approach risk management.
Conclusion
In conclusion, the report from Teletrac Navman highlights the significant impact of safety technology on risk management for fleets. The findings of the report demonstrate the effectiveness of safety technology in exonerating drivers, reducing fraudulent claims, and mitigating rising litigation and legal costs. As the use of safety technology continues to grow and evolve, it is likely that we will see even more innovative solutions emerge, further transforming the way that fleets approach risk management. By adopting a proactive approach to risk management, fleets can reduce costs, improve safety, and stay ahead of the curve in an increasingly complex and challenging environment.
