The prestigious fleet-focussed exhibition and awards ceremony were held on the 29th of March in London. Organised by Fleet World, it attracted over 20 national and international companies and key speakers – offering a valuable networking opportunity for the fleet industry to share knowledge, celebrate achievements and innovation, and showcase the latest fleet management technology.
Peterborough-based ABAX received a Highly Commended award for its Innovation Cost Reduction initiative in the Fleet Suppliers category.
After partnering with Zego in 2021, the company rolled out an innovative fleet insurance model that uses telematics to determine the premium – whether mileage to power a usage-based solution, or behavioural data to power a flat rate product.
By using data provided by ABAX telematics tracking devices in vehicles to calculate the flexible part of premium based on how much a vehicle is used, how many miles it has travelled each month, or even how it has been driven; customers can see in the dashboard exactly how much their fleet is used and save up to 80 per cent when their fleet is off road.
Alongside its vehicle tracking capabilities, the technology offers other benefits including HMRC compliant mileage claims, insights into driving behaviour and effective fleet management.
The technology is designed to better place business owners and fleet managers to identify and manage any risks based on monitoring vehicle location, reducing fuel waste and maintenance costs, time management and driver behaviour – which can all help to improve efficiency.
Representing ABAX and collecting the company’s Highly Commended certificate at the event were Craig Allan, Director Global Partnerships, and Mark Smith, Sales Team Leader.
Craig said: "We are delighted to be recognised in this category for an innovation that despite being relatively new, is already making a huge difference to the many business owners and fleet managers who are reaping the benefits."
"This full solution offered by ABAX not only puts them in a better position to quickly identify and manage any risks, but allows them to manage their operation more efficiently than traditional insurance policies."
Based in Cambridgeshire, ABAX currently boasts a 300 strong team of staff divided between sales, customer service, marketing, administration, quality and product in Norway, Sweden, Denmark, Finland, the Netherlands, Belgium, Poland and the UK.
ABAX provides a range of services including vehicle fleet management, tool tracking and driving behaviour – all designed to help businesses run more effectively and efficiently while saving them money.