telematics

How telematics data is transforming car insurance With car insurance premiums expected to rise over the next few years, drivers are increasingly looking to technology to reduce the cost of their insurance. One technology that’s leading the way in lowering premiums is telematics. By combining telecommunications with vehicular technology, insurance companies can monitor various elements of a driver’s behavior. A GPS system and on-board diagnostics make it’s possible to record a car’s exact location, how fast it's traveling, and what’s... [Lire la suite]

Typical fleet management service offerings cover the entire vehicle lifetime From a customer perspective the total cost of ownership (TCO) is the key to identifying cost saving potential and reducing operating expenses. Figure 2 shows a typical TCO split for a European fleet vehicle. Depreciation takes the largest slice over the lifetime of a company car. Fuel costs make up about 20% of the TCO while maintenance, tires, and repair management add up to an additional 15%. Interest expenses comprise 12% of total costs. The remaining... [Lire la suite]

Will fleets turn to advanced safety tech for improvement? There is one common theme running through all the credible truck safety data sources, and it's a troubling one. There are various ways to track truck safety. There are federal entities that track everything from fatal accidents to recordkeeping compliance. At the state level, both enforcement and regulatory agencies keep their own records of safety-related truck activities. Then there are the databases maintained by insurers, industry groups, safety watchdogs, and even... [Lire la suite]

Telematics and the future of V2X Much of the momentum behind the US Federal government’s current push for vehicle-to-infrastructure (V2X) deployment can be traced to the safety benefits this technology will offer drivers—and, by extension, society, the governing bodies that maintain the transportation system, and other stakeholders. Nevertheless, it will be challenging to capitalize on V2X’s safety potential until it has been implemented in a critical mass of vehicles on the road. An examination of the safety applications on the... [Lire la suite]

Fleet Management Industry in Europe, Outlook to 2023 This strategic research report provides you with 265 pages of unique business intelligence, including 5-year industry forecasts, expert commentary and real-life case studies on which to base your business decisions. The installed base of FM systems to reach 17.6 million units by 2023 Commercial vehicle fleets play an essential role in the European economy. According to official statistics there were 38.6 million commercial vehicles in use in EU23+2 in 2016. The 6.2 million medium... [Lire la suite]

A Game Changer for Road Safety: the Global Road Safety Platform by NEXYAD NEXYAD recently launched a Global Road Safety Platform that can assess driving risk, onboard, in real time, 20 times per second. This technology is a game changer for road safety: currently under deployment for telematics matters (fleet risk management, and Usag Based Insurance), it has been shown and validated that alerting driver when risk starts to increase a little to much can reduce accident rate by 20%. See figure below:   NEXYAD proactive... [Lire la suite]

Taking Truck Technology Mainstream The Nikola Two tractor on display at CES. Nikola has partnered with Ryder System for maintenance and distribution of its zero-emissions trucks. (Seth Clevenger/Transport Topics) Highlighting the role of technology in freight transportation could broaden the industry’s appeal to a new generation of workers and entrepreneurs who just might consider careers in this essential business. Read more : https://www.ttnews.com/categories/telematics  

THE FUTURE TRENDS OF USAGE BASED INSURANCE AND TELEMATICS 3 REASONS USAGE BASED INSURANCE IS DRIVING BILLIONS OF DOLLARS IN GLOBAL TELEMATICS MARKET GROWTH   It’s not hard to understand and forecast why usage based insurance (UBI) — otherwise known as behaviour-based insurance or pay-as-you-drive (PAYD) — is becoming popular among North American drivers and rest of the world. With improved governmental regulations and technology market penetration the industry estimates the automotive telematics market is... [Lire la suite]

The Connected Trucks Telematics Market in Russia & CIS 2020 - Innovation that Fuels New Deal Flow & Growth Pipelines - ResearchAndMarkets.com The Russian and CIS nations constitute a unique and diverse part of the connected truck telematics market, and these countries include Armenia, Belarus, Kazakhstan, Kyrgyzstan, Moldova, Tajikistan, Turkmenistan, Ukraine, and Uzbekistan. Several local and international telematics companies serve the Russian and CIS connected truck telematics market. The region's macroeconomic situation... [Lire la suite]

Major alterations ahead for the truck telematics landscape Industry expert says Verizon’s acquisition of Telogis and Fleetmatics, combined with the ELD mandate, are “significant market events.” ATLANTA. The “most significant market consolidation” in the history of the truck telematics industry, coupled with what’s expected to be a huge spike in demand due to the electronic logging device (ELD), are going to create “major impact” upon the truck telematics industry, according to Clem Driscoll, president of consulting... [Lire la suite]