In any business, those who can predict the future and adapt to coming changes have the least downtime and waste, which greatly impacts the bottom line. Conversely, companies unprepared or resistant to transformation have had huge setbacks or even gone out of business throughout history. When we consider the fleet…

Road accidents are one of the major public health threats globally, and the human factor is the main contributing force. To account for this fact, insurers have long applied harsh acceleration, braking, and cornering (ABC) events to analyze driver behavior and inform their pricing models. However, this method has some…

Transportation falls under the umbrella of logistics, and by its very nature, logistics thrives on hard-won lessons that can only come from data analytics. Predictive analytics solutions empower companies with insights that translate into lower costs of ownership and mobility and higher vehicle efficiency. Industry leaders use them to make better decisions about optimizing their fleets, preventing human errors, and reducing costs and emissions.

Picture this. You’re driving back home after a long day of hard work. Exhausted from a series of back-to-back calls, starving despite that quick, half-eaten sandwich you rushed through between one virtual meeting and another. Dying to finally get well-deserved rest. But just then, a sharp squeal comes from under…

As worldwide data is growing exponentially, car insurance companies are tapping into IoT-based technologies to gain an edge. By leveraging data, they may unlock significant benefits, from improving the cost/claim ratio to providing distinctive and personalized services. What do they need to embrace the evolving trend of connected insurance? …

Amid the accelerating economic recovery, the competition in the motor insurance market is intensifying. To make up for the losses sustained during the pandemic, insurers are unlikely to cut down premiums to incentivize customers. Instead, they will look for other methods to attract and keep them. But how to put…

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…

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. …

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…