Five amazing benefits of a connected car

ARTICLE BY

SHARE THIS POST

February 2022 – With the increasing demand for connectivity, connected cars are set to become an integral part of our lives. By 2027, the market is expected to soar to over $215 billion. Connected cars are not only expected to be safer and less harmful to the environment but capable of redefining mobility as we know it.

Here are five ways a connected car will benefit us in the future:

1. Personalised and tailored experience

Every driver is different, so it comes as no surprise that we each want something different from our experience behind the wheel. One driver might want a real-time look at their planned route or fuel consumption while others might be more interested in listening to a podcast.

Whatever the need, or expectation, around In-Vehicle Infotainment (IVI), connected cars will be able to learn and personalise the experience to match the driver.

2. Vehicle to Vehicle (V-2-V) communication

Connected cars can capture a wealth of information that can be shared and used by other drivers. From intelligence on traffic and road conditions to speed limits, V-2-V communication allows this data to be exchanged wirelessly from one connected car to another.

Using this information, drivers or the autonomous vehicle can make more informed decisions about their routes and take action to change course. In some instances, it can even help reduce accidents.

3. Internet connectivity on the go

A McKinsey report revealed that connectivity features are becoming increasingly important for consumers. In fact, 60 percent of people would switch car brands completely if it meant they could have more in-vehicle connectivity.

Since September 2019, and in partnership with Netstar (a subsidiary of Altron), all Toyota’s vehicles (passenger and light commercial vehicles) in South African have the device rolled off the floor with in-car Wi-Fi capability. This feature allows drivers and passengers to be connected even when they’re on the road.

Netstar MD, Pierre Bruwer, says the growth in connected mobility is gathering pace in South Africa.

“Our partnership with Toyota South Africa is just the beginning and we are also working on the power of connected devices in the commercial fleet sector to enable improved telematics and business opportunities,” he says. “Consider for a moment a small business owner with a connected fleet. Drivers will be able to facilitate online payments from customers with handheld payment devices. Suddenly your tracking device becomes a tool for communication, telematics and enables business.”

4. Enhanced security

A connected car can support an array of security features, like real-time tracking, automatic SOS calls in the event of an accident and cybersecurity updates. Using these enhanced security features, connected cars will be able to warn drivers when they’re entering an area that’s notorious for smash and grabs, for instance.

Bruwer says real time data allows for instantaneous alerts to any threats to the driver and the occupants. “At Netstar, we are also using algorithms to predict future danger areas based on trends and data analysis. This way we can keep ahead of the criminals.”

5. Geofencing for younger or less experienced drivers

Geofences are invisible borders on a map that limit where connected cars are allowed to drive. Vehicle owners can set-up these boundaries to make sure that younger or less experienced drivers don’t travel beyond these borders.

If the car is driven beyond set borders, the owner will be alerted so that they can ensure the driver gets back on route.

More and more connected car features are being explored every day, which demonstrates how integral connectivity is to the future of mobility. And with advanced connection comes real-time peace of mind.

Subscriber Terms and Conditions

  1. APPLICATION OF TERMS
    • These terms and conditions (“Subscriber Terms”) apply to the subscription by any qualifying member of the South African Underwriting Managers Association NPC (“SAUMA”) to the services and benefits offered by FIA Services (Pty) Ltd (“FIA Services”) under the SAUMA affiliation arrangement (“Subscription”).

  2. NATURE OF SUBSCRIPTION
    • A Subscription under this arrangement:
      • does not constitute membership of FIA NPC;
      • does not confer any voting rights or governance participation in FIA NPC; and
      • is governed solely by the contractual relationship between the Subscriber and FIA Services.

  1. ELIGIBILITY
    • To qualify for the Subscription, the applicant must, at the time of application, be a current paid-up member of SAUMA.
    • FIA Services will verify the applicant’s SAUMA membership status with SAUMA prior to activation, and may re-verify such status periodically.
    • If a Subscriber ceases to be a paid-up member of SAUMA, the Subscription will correspondingly be terminated.
    • Applicants are required to authorise FIA Services to confirm their SAUMA membership status with SAUMA as part of the application process.

  1. SERVICES
    • The Subscription entitles the Subscriber to the following benefits:
      • Complimentary access to the FIA CPD Platform;
      • Complimentary access to the FIA Insight Magazine (digital edition);
      • Advertising opportunities on FIA platforms at a discounted rate of 15% (fifteen percent) off the prevailing published rates; and
      • Invitations to attend FIA Technical Webinars annually.
    • FIA Services reserves the right to update, vary or substitute the Services from time to time, provided that the overall value and nature of the benefits remain materially the same.

  1. FEES AND PAYMENT
    • The monthly subscription fee is R260.00 (two hundred and sixty rand) for up to seven registered individuals (Key Individuals and Representatives), and R36.00 (thirty-six rand) per additional registered individual thereafter, excluding VAT.
    • The Subscriber shall provide FIA Services with the required details of each individual to be registered under the Subscription for the purposes of activation and billing.
    • All fees are exclusive of VAT, which shall be charged at the prevailing statutory rate.
    • Subscription fees are reviewed annually in March and may be adjusted with effect from 1 April.
    • Any changes to the Subscription, including but not limited to the number of Representatives and Key Individuals registered under the Subscription, may only be effected once annually during the annual review period in March of each year, with such changes taking effect from 1 April.
    • Subscription fees shall be billed monthly in arrears, unless the Subscriber elects an annual billing cycle at the time of application.
    • The Subscriber shall ensure that all billing information (including contact details, authorised signatories and bank account details) is kept accurate and up to date.
    • Non-payment of subscription fees may result in suspension of access to the Services until such fees are brought up to date.
    • The Subscriber acknowledges and agrees that all subscription fees payable under these Subscriber Terms may be collected by way of debit order, which shall be processed by the holding company, FIA NPC (The Financial Intermediary Association of South Africa), on behalf of FIA Services. Payment to FIA NPC shall be deemed to constitute valid and sufficient discharge of the Subscriber’s payment obligations to FIA Services under these Subscriber Terms.

  1. ONBOARDING
    • Onboarding will be conducted as a Subscription with FIA Services under the SAUMA affiliation arrangement.
    • Onboarding will not confer FIA NPC membership status or any associated rights.
    • Onboarding is conditional on confirmation of the Subscriber’s current SAUMA membership at the time of application

  1. DATA PROTECTION
    • FIA Services will process all personal information in accordance with the Protection of Personal Information Act 4 of 2013 (POPIA) as set out in our POPIA policies.
    • By subscribing, the Subscriber authorises FIA Services to confirm their SAUMA membership status with SAUMA and to process personal information for the purposes of fulfilling the Subscription.

  1. TERMINATION
    • The Subscriber may terminate the Subscription by giving FIA Services one calendar month’s written notice.
    • FIA Services may terminate the Subscription on one calendar month’s written notice, or immediately if the Subscriber breaches these Subscriber Terms and fails to remedy such breach within 14 (fourteen) days of receiving written notice.
    • Termination of the SAUMA–FIA Services affiliation agreement shall not automatically terminate these Subscriber Terms.
    • Termination by the Subscriber shall not relieve the Subscriber of liability for any subscription fees accrued up to the effective date of termination.
    • FIA Services may suspend or terminate the Subscription with immediate effect in the event of non-payment of fees by the Subscriber.

  1. GENERAL
    • These Subscriber Terms are governed by the laws of the Republic of South Africa.
    • Any disputes arising under these Subscriber Terms shall be dealt with in accordance with the dispute resolution provisions contained in the FIA NPC membership terms and conditions, as modified to reflect that the contractual relationship is with FIA Services.
    • Any notices required under these Subscriber Terms may be validly delivered by email to the addresses provided in the Subscriber’s application form, and such notices shall be deemed received on the day of transmission if sent during business hours.
    • The Subscriber may not assign, cede or transfer any of its rights or obligations under these Subscriber Terms without the prior written consent of FIA Services.
    • No variation of these Subscriber Terms shall be of any force or effect unless reduced to writing and signed by both FIA Services and the Subscriber.