This archive report was first published on 19 September 2019.
On September 19, 2019, Heritage Insurance introduced a groundbreaking telematics-based comprehensive motor insurance policy aimed at promoting safe driving habits among motorists.
The innovative policy, which uses a gadget called auto correct, will track movement data and relay the results to a central command centre for rating.
According to Godfrey Kioi, Heritage's managing director, the system is designed to reduce the number of claims due to accidents caused by poor driving.
"If I encourage you to drive better in the hope that you will get a better rate, I think that will motivate you," Mr Kioi said. "If during the year we see that you drive better, then the system will reward you with better scores and, therefore, we will be able to say: 'This is a good driver'"
The pricing for the gadget will be four per cent of the value of the car, with an opportunity to lower it two per cent.
Mr Kioi emphasized that the system is not used to track vehicles but rather to send messages in the event of an incident or when the vehicle is stationary.
