Telematics Tool Tops 1 Billion Miles

By Staff Writer September 16, 2022

Philadelphia Insurance Companies’ vehicle telematics tool, PHLYTRAC, has reached a new milestone, recently logging more than one billion miles in customer vehicles.  

The global commercial telematics market size is predicted to surpass $162 billion by 2030. Philadelphia Insurance has been at the forefront of commercial insurers in the telematics space, launching a pilot program in 2016 and offering the service to all commercial auto customers in 2018. Since then, PHLYTRAC has been installed in nearly 70,000 commercial vehicles for over 2,000 policyholders in all 50 states.

PHLYTRAC alerts organizations of dangerous driving behaviors such as speeding and hard braking so they can take action to lower the risk of driver-related accidents. The devices can help reduce gas costs by tracking vehicle idling time and providing more efficient routing.

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Last modified on Monday, 19 September 2022 12:34