Introduction

The vast majority of all car crashes worldwide are caused by driver errors and unwanted behavior, leading to significant challenges for businesses, traffic participants, law enforcement, and society at large. These incidents result in billions of dollars in costs every single year. To address this issue, Jimi IoT has developed and manufactured the VL502 LTE OBDII GNSS Tracker and the JC450 Series Multi-Channel AI DashCam—two sophisticated telematics devices that are transforming the landscape of Usage-Based Insurance (UBI). By offering unique feature sets and precise data capabilities, these solutions are dedicated to insurers, corporate fleets, and individual vehicle owners, enhancing monitoring, safety, and cost reduction.

Challenge

Corporate fleet owners, insurance companies, and traffic authorities are acutely aware of the dangers posed by poor driving behaviors—such as rapid acceleration, speeding, aggressive driving, tailgating, harsh cornering, and abrupt stops. These behaviors are significant contributors to road accidents. The National Highway Traffic Safety Administration reports that 94% of serious crashes are due to dangerous choices or errors made by drivers behind the wheel.

The latest data from the World Health Organization’s 2023 Global Status Report on Road Safety further underscores the severity of this issue:

• The number of annual road traffic deaths has slightly decreased to 1.19 million, showing some impact from global efforts to improve road safety.
• Road traffic injuries remain the leading cause of death for children and young people aged 5-29 years.
• More than half of fatalities occur among pedestrians, cyclists, and motorcyclists, especially in low- and middle-income countries.

Despite these improvements, the cost of mobility remains alarmingly high. Traffic accidents cause significant damage to road infrastructure and property, loss of cargo and driving licenses, delays, increased insurance premiums, medical expenses, and a reduction in business revenue and productivity. The total cost runs into tens of billions of dollars annually, and with the number of motorists continuing to rise in most countries, the problem persists.

The global motor insurance market, valued at over $880 billion, is expected to grow at a Compound Annual Growth Rate (CAGR) of approximately 6.2% by 2025. Within this market, reducing insured losses is not only desirable but represents a substantial business opportunity.

So, can the advancement of IoT technology, particularly through Jimi IoT as an industry leader, assist insurance companies, fleet operators, and car owners in preventing road injuries, fatalities, and financial losses? The answer is yes, and here’s how…

Key Features and Benefits:

• Effortless Installation: The VL502 is incredibly easy to install—simply plug it into the OBDII socket. This feature is especially valuable in scenarios requiring quick deployment, such as during a global pandemic.
• Accelerometer for Detailed Data: Equipped with a precise accelerometer, the VL502 captures detailed acceleration data, making it ideal for accident reconstruction and eliminating guesswork in crash analysis.
• Compact Design for Tight Spaces: The slim design of the VL502 allows it to be installed in compact spaces, making it versatile for both primary and secondary tracking solutions.
• Instant Alerts for Atypical Events: The VL502 provides real-time alerts for car faults, overspeeding, ignition detection, collisions, and geo-fence breaches, allowing fleet managers and insurers to take immediate action.
• On-Board Diagnostics: The device offers comprehensive vehicle diagnostics, including VIN code, engine speed, water temperature, and accumulated mileage, which are crucial for maintenance planning and accurate vehicle monitoring.
• Robust IP65 Protection: With an IP65-rated enclosure, the VL502 is built to withstand harsh conditions, ensuring reliability and durability even in challenging environments.
• Crash Detection and Driver Scoring: The VL502’s advanced features provide detailed crash event data and driver behavior analysis, enabling insurers to reconstruct accidents accurately and calculate driver scores for risk assessment.

Key Features and Benefits:

• Multi-Channel Video Recording: The JC450 can record up to 5 channels simultaneously, offering comprehensive visibility into vehicle surroundings, both in motion and while parked. This includes monitoring the outside, inside, sides, rear, and even the driver’s seat.
• Driver Coaching/Assistance: The dashcam’s Driver Monitoring System (DMS) and Advanced Driver Assistance System (ADAS) provide in-cab alerts to warn drivers of fatigue, distractions, or other potential hazards, actively contributing to safer driving practices.
• Critical Video to Cloud: Video clips triggered by key events or the in-cab SOS button are automatically uploaded to the cloud, ensuring that critical footage is preserved for later review or evidentiary support.
• Extended Storage Capacity: With 512 GB of on-device storage, the JC450 can store extensive data, meeting the needs of long-distance transportation and ensuring comprehensive documentation.
• One Platform for All Operations: Fleet managers can monitor the entire fleet’s locations, alerts, and other data in real-time through Jimi IoT’s dedicated platform, Tracksolid Pro, or integrate the system with their existing platforms.

• Improve Profitability: By reducing risky behaviors, improving driving habits, and ensuring accurate incident reconstruction, businesses can lower accident rates and insurance claims, leading to better ROI and profitability.

The Power of Integration: A Unified Fleet Management System

By combining the data-driven insights of the VL502 tracker with the visual monitoring capabilities of the JC450 dashcam, Jimi IoT offers a unified and comprehensive fleet management solution. This integration enables fleet managers and insurers to:

• Enhance Safety: The combination of real-time video monitoring and driver behavior analysis helps in reducing accidents and improving overall safety on the road.
• Optimize Operations: Detailed diagnostics and alerts allow for proactive maintenance and efficient management of fleet resources.
• Improve Profitability: By reducing risky behaviors, improving driving habits, and ensuring accurate incident reconstruction, businesses can lower accident rates and insurance claims, leading to better ROI and profitability.