Aktuaris, a system of usage-based insurance using HandsOn Systems technology, is being introduced in various parts of the world. The company is working closely with several insurance companies in Bolivia through a local partner Gianfranco Gipponi Pessoa and has plans to launch Aktuaris there later on this year. “Since this concept is new to the country, we have to take our time to design marketing and educate the market and the public,” Mr. Farrugia said. “We were not only technology suppliers but also consultants.”
Aktuaris team recently went on a three-day road show visiting seven companies in the United Arab Emirates (UAE), based in Dubai. There was plenty of interest and the visit had a positive outcome. A number of pilot projects are also in the pipeline there.
A plug-and-play solution is being launched in the UAE since theft in this market is minimal. “It is in the interest of whoever takes out this type of insurance policy to use Aktuaris to be able to claim prizes. Although Dubai has the latest technology, many companies did not know about this concept and means of insurance,” Mr. Farrugia
added. However, most insurance companies are run by ex-pats who have heard of this type of insurance and Mr. Farrugia sees an opportunity in this region. The company has also found a strong partner there. Sivan Said, who is Maltese, runs RISC Insurance and has been successfully developing his insurance related business for quite some time. Mr. Said is also going to represent the company in its negotiations with a number of insurance companies.
Mr Farrugia was invited to give a Master Class during the recent international conference organised by the Mediterranean Tourism Foundation. The subject of his presentation was on how RFID (Radio Frequency Identification) technology can be used in the tourism sector to improve the tourist’s experience and increase the operator’s efficiency – both those working in hotels and restaurants and in the sector of tourist accommodation.
The Master Class was well attended, and Mr Farrugia received valuable feedback. Among those who attended the conference was the King of Ghana, Otumfuo Osei Tutu II. Since HandsOn Systems have strong business interests in Ghana, they took the opportunity to present a portrait of the King, executed by local artists Maris Zammit. “This helped to show that we want to continue to strengthen our presence and dedication towards the Ghana market,” Mr Farrugia said.
In fact, HandsOn Systems have recently attracted investment from a Ghana businessman, Nicky Wilson of Cape3, in their subsidiary company in Ghana. “In this way, we are continuing to strengthen our presence and persist in our efforts to succeed in Ghana. Through this conference, we strengthened both the cultural aspect of Ghana in Malta and the commercial relations our company has with Ghana,” Mr Farrugia said.
As from last month, the system of driving licence penalty points has been applied to all drivers in Malta and not just for those who recently obtained their licence. By accumulating 12 penalty points over the period of a year for various traffic contraventions a driver will lose his licence for a period of two months. The suspension will be lengthened if a further 12 penalty points are accumulated over another period of 12 months. At the start of each year, the 12-points system will start anew.
Many fleet owners have multiple vehicles registered in their name. Fleet owners are ending up with 12 points because of their drivers. HandsOn Systems has the solution to keep track of who was driving a particular vehicle at any specific time.
HandsOn Fleet GPS Tracking and Fleet Management Solution offers a driver identification system through Ibutton or RFID technology. Through our driver identification, the vehicle can be immobilized until the driver presents his Ibutton or RFID card system.
Get in touch to learn more about how your company can benefit from our driver identification solution.