The firms say that Russia is one of the next growth markets for the telematic’s industry with the registration of new vehicles now the second highest in Europe.

R-Telematica, a digital mapping and location based services company, will capitalise on this expansion by launching a  technology for both insurance and fleet markets utilising Risk Technology’s technology. 

The insurance offering is a self-installed, plug-and-play device that can be fitted in minutes by any driver. When fitted, it offers a wealth of diagnostic, maintenance and driving performance information, with drivers given a score based upon their driving. Drivers can access their personal dashboard via a PC or smartphone enabling them to view their journeys and fuel efficiency, compare their driver score with other motorists, allocate business and private mileage for expense reporting and even see when their vehicle needs servicing.

Additionally, for fleet management, the technology provides a raft of benefits including vehicle theft tracking and breakdowns as well as LBS and POI geofencing and vehicle diagnostics. 

The device also provides analytical information and a safety feature that can accurately detect and analyse any impact to the vehicle and also provide vehicle diagnostic services for both small and large fleets, using critical data from the vehicle's on-board diagnostics (OBD-II) port. 

‘We were chosen by R-Telematica to provide the front and end solution as well as our patented crash detection and vehicle diagnostics IP,’ said Mark Packman, managing drector at Risk Technology. ‘R-Telematica has blended our data collection and Cloud based solution with its own rich set of features using GIS, LBS and navigation services.’ 

Dmitry Bakutin, CEO of R-Telematica, said: ‘By using Risk Technology we have been able to differentiate our Insurance and Fleet Telematics proposition with a disruptive technology that combines with R-Telematica’s innovation in Digital Mapping and LBS services. Using our new product will save motorists time and money and fleet managers will be able to gain operational efficiences that will save costs on lower fuel usage and enable better vehicle utilisation.’