Leading New Zealand insurer Vero and global telematics experts Coretex have partnered to offer their customers exclusive benefits on telematics [on-board systems that capture fleet data] packages and insurance. Customers who insure with Vero and have Coretex installed in their commercial vehicles will get an exclusive free upgrade upon renewal or inception of their Coretex telematics package and are able to access discounts on their insurance premiums or excesses.

Vero heavy fleet customers with Coretex on board will have their excesses capped and their single vehicle accident (SVA) excess halved. Commercial customers with lighter vehicles can talk to Vero about getting a discount on their premiums.

“It‘s all about prevention, and with Coretex on board our commercial motor customers can be safer and more efficient on the road,” said Adam Heath, executive general manager portfolio and products at Suncorp New Zealand, which includes the Vero brand.

Heath said this should lead to fewer accidents and fewer claims – and reduced premiums over time – but through this partnership customers are being offered those cost savings upfront on their premiums or excesses.

“This partnership highlights the increased value we are creating for our customers and the benefit of working with third parties like Coretex, a global leader in the field of telematics,” said Heath.

Coretex products include a compliance function that includes road user charging and driver logs, which help commercial vehicle operators lower administration costs for road user charges. They also offer fleet efficiency functions that help fleet optimisation, asset utilisation, fuel usage, waiting time, product wastage and maintenance.

“With emerging technology trends like Big Data and the Internet of Things, customers are being swamped with data and are seeking ways to use it to benefit their business and create efficiencies,” said Selwyn Pellett, CEO of Coretex.

“We are truly excited about our partnership with Vero as we will not only help reduce costs for both Coretex and Vero customers, but we will also be able to work together to bring solutions to customers that vastly improve their efficiency, incident management and safety standards.”

Find out more at vero.co.nz