“Any sufficiently advanced technology is indistinguishable from magic.” The best-known technology law formulated by Sir Arthur C. Clark in the ’60s still holds today, when insurance companies can use connected telematics solutions as a competitive lever to improve profitability and expand their customer base. To better understand how that works, we’ll take a step back and examine how telematics has changed over time. … Read More
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"Data is King." This saying is getting thrown around so often that it has lost its punch. However, as cliché, as it may be, it remains valid in fleet management, where managers can glean data from multiple sources to drive operational insights and solve everyday challenges. Thus, this article looks into different ways fleet managers can use data analytics to their benefit and provides suggestions on choosing a telematics solution suitable for one's needs. … Read More
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 new life into the hackneyed world of bonus rewards and privilege points? You’ll find some ideas in this article. … Read More
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 management industry, this is no different. Is now the time to leap into electric vehicles? What about autonomous cars? Fleet management data analytics can help you decide if and how to integrate EVs and AVs. … Read More
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 limitations. Telematics-based contextual driving behavior analytics surpasses them, giving insurers and fleet operators a much better way to evaluate risks posed by individual drivers. … Read More
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. … Read More
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