Do bad drivers remain bad? No, with tailored coaching on safety, energy efficiency, and sustainability, you can change driving habits.
I (initial investment) + O (operating costs) — R (remaining value after five years of depreciation), a simple formula to calculate the total cost of ownership (TCO) for a fleet vehicle. Everybody knows the TCO as THE standard for evaluating a vehicle’s cost in the fleet management industry. That’s the source of the problem: costs are assessed by car and not by driver or user, although driving behavior significantly influences costs. On the bottom line, improving your driver’s behavior behind…
Why it’s not enough to know where your drivers are heading to.
Fleet management solutions have been around for quite a while and have gained a lot of trust from fleet operators.
They are a necessary tool to do real-time mapping of fleets, dispatch drivers, and do basic reporting. Most of the larger commercial fleets are equipped with tracking systems connected to the OBD port to retrieve maintenance alerts and failure codes.
The daily job of fleet managers is to maximize the fleet’s profitability and mitigate risks of fleet vehicles using various tools to get the right information to make…
This post goes out to everyone in the insurance sector but especially to those who have tried to integrate telematics in their insurance pricing models.
Why are most insurance companies hesitant to create telematics products? We will make a strong hypothesis now: it’s because nobody really knows how to translate telematics data into their pricing models. If you don’t agree to that directly, give us a chance to convince you and put forward a solution to this problem by the end of the blog post.
The rising of PAYD tariff popularity
With the global Covid-19 pandemic, many customers were evaluating…
Don’t judge a book by its cover: it’s not all about creating another usage-based insurance. Telematics offers a variety of opportunities to speed up customer onboarding, increase competitiveness, and optimize your customer portfolio.
Originally published at https://motion-s.com on February 9, 2021.
You read it on every corporate blog, in every specific journal. It’s a hot topic in most InsurTech newsletters: the insurance industry needs to change from the traditional annual renewable car insurance policy to advanced usage-based insurance (UBI) products. Most stories focus on enabling tariffs pricing in near-to-real-time and creating more flexible insurance products.
Although insurance telematics has been…