Driver Risk Assessment - Insurance Telematics | Azuga

Assessing Driver Risk

Assessing Driver Risk

Assessing Driver Risk • Certain driving behaviors have strong correlations with accidents as seen in statistics published over many decades.

• While providing excellent insights into contributing factors of accident risk, these statistics, being population based, do not establish any causation between these factors and accidents.

• Telematics based data offers a naturalistic study of driving behavior observed at an individual driver level and provides a means to establish the link between specific driving behaviors and accident risk. Our team analyzed driving behavior for a sample of over several thousand drivers belonging to enterprise fleets in the US over a 3.5 year period (Mar 2014 to Nov 2017).

• Our analysis sought to see whether the risk of an accident increases with corresponding increase in braking, speeding and acceleration behaviors as we expect accident risk to increase with higher levels of these behaviors.

Assessing Driver Risk • Of the behavioral parameters, average Hard Braking events per 100 miles and average minutes of speeding above 80 mph per 100 miles were found to be statistically significant.

• Exposure risk, as measured by average time in different risk hours, was also significant for average hours driving per day during moderate risk hours (peak hour driving) – driving for an average of 1 hr during peak hours increases the risk of a preventable accident by 2.26 times.

• Azuga’s Driver Scores are based on behavioral events weighted by other risk factors like weather, magnitude of event, duration of events, zip code risk, etc.

• We modelled time-to-accident with our scores as predictors and, not surprisingly, found that hard braking and speeding scores were statistically significant predictors.

About Azuga o Azuga is a leading connected vehicle platform, helping our customers turn data about vehicles and their use into intelligence that improves operations and safety while reducing costs and risk.

Azuga provides reliable end-to-end solutions for commercial fleets, government agencies, insurance companies and automotive industry suppliers, encompassing hardware, the Azuga One platform, SaaS applications, support and data analytics.

o Azuga is headquartered in San Jose, California, with offices and resellers throughout North America, South America, the UK, and India. o Our award-winning Azuga Fleet solution is used by thousands of customers in tens of thousands of vehicles—from the small fleet of one or a few vehicles up to several thousand—and is lauded by our customers for its ease-of-use, robust features and affordable pricing.

2570 N. First Street, #200 San Jose, CA, 95131 Sales: 1-888-790-0715 HQ: 1-408-430-5777 Customer Care: 1-888-790-0715 www.azuga.com | info@azuga.com