Telematics

China Telematics Service Providers (TSP) Market Report 2021: Small and medium TSPs will Fade Away and TSP Giants will Come to the Front - ResearchAndMarkets.com

Tuesday, April 20, 2021 - 12:43pm

In the long run, the four major participants will integrate with each other across fields for win-win cooperation.\nIn future, China\'s TSP industry will head in the following directions:\n1.

Key Points: 
  • In the long run, the four major participants will integrate with each other across fields for win-win cooperation.\nIn future, China\'s TSP industry will head in the following directions:\n1.
  • Now it has carried out its landing of new car retail strategy together with New Baojun and Sunning Car.\n2.
  • OEMs-lead TSPs to provide better IVI system-centric services.\nCurrently, OEMs have found common ground on intelligent connectivity and digital transformation acceleration.
  • Small and medium TSPs will be edged out by TSP giants.\n2.1 Telematics steps into the era of vehicle-road-people collaboration, giving birth to a new generation of TSP\n'

Cambridge Mobile Telematics Partners with CROC to Provide Connected Insurance Solutions to the Russian Market

Tuesday, April 20, 2021 - 1:00pm

They can generate flexible and individual compulsory MTPL pricing without having to install any devices in the car.

Key Points: 
  • They can generate flexible and individual compulsory MTPL pricing without having to install any devices in the car.
  • "At the same time the very attractive price of mobile telematics facilitates its implementation both for CASCO and compulsory MTPL.
  • Our clients are already actively using our mobile application, and mobile telematics is the next step in the evolution of the insurance business \xe2\x80\x93 as its implementation helps to decrease the number of accidents and optimizes motor insurance.
  • Since its first product launch in 2012 that pioneered mobile usage-based insurance, CMT has become the world\xe2\x80\x99s leading telematics and analytics provider for insurers, rideshares, and fleets.

Micromobility Telematics Market Forecasted to Cross $13,010.4 Million Revenue by 2030 says P&S Intelligence

Monday, April 19, 2021 - 9:30am

As a result, the global micromobility telematics market value is set to increase from $957.7 million in 2020 to $13,010.4 million by 2030, at a 26.7% CAGR between 2021 and 2030.

Key Points: 
  • As a result, the global micromobility telematics market value is set to increase from $957.7 million in 2020 to $13,010.4 million by 2030, at a 26.7% CAGR between 2021 and 2030.
  • As a result, such service providers are receiving huge investments, a large part of which they are spending on procuring telematics solutions.
  • Due to the nationwide lockdowns implemented around the world, the production of conventional and electric two-wheelers, as well as the telematics hardware, has stopped.
  • Moreover, movement restrictions have drastically reduced the demand for shared mobility, which has further hurt the revenue streams of micromobility company, thereby limiting their capacity to spend on telematics solutions.

Micromobility Telematics Market Forecasted to Cross $13,010.4 Million Revenue by 2030 says P&S Intelligence

Monday, April 19, 2021 - 9:30am

As a result, the global micromobility telematics market value is set to increase from $957.7 million in 2020 to $13,010.4 million by 2030, at a 26.7% CAGR between 2021 and 2030.

Key Points: 
  • As a result, the global micromobility telematics market value is set to increase from $957.7 million in 2020 to $13,010.4 million by 2030, at a 26.7% CAGR between 2021 and 2030.
  • As a result, such service providers are receiving huge investments, a large part of which they are spending on procuring telematics solutions.
  • Due to the nationwide lockdowns implemented around the world, the production of conventional and electric two-wheelers, as well as the telematics hardware, has stopped.
  • Moreover, movement restrictions have drastically reduced the demand for shared mobility, which has further hurt the revenue streams of micromobility company, thereby limiting their capacity to spend on telematics solutions.

GPS Insight Named Preferred Telematics Solution Partner for Amerisure FleetAlliance Program Following Two-Year Safety Study

Tuesday, April 13, 2021 - 2:00pm

b'GPS Insight, a leading provider of fleet software for organizations with vehicles, trailers and other mobile assets, has teamed up with Amerisure, one of the nation\xe2\x80\x99s leading providers of commercial insurance, as its telematics solution partner for the Amerisure FleetAlliance program following the results of a two-year safety study.

Key Points: 
  • b'GPS Insight, a leading provider of fleet software for organizations with vehicles, trailers and other mobile assets, has teamed up with Amerisure, one of the nation\xe2\x80\x99s leading providers of commercial insurance, as its telematics solution partner for the Amerisure FleetAlliance program following the results of a two-year safety study.
  • The comprehensive study revealed that Amerisure policyholders using GPS Insight Tracking saw a claim reduction of 30%, which was the highest reduction among the telematics solutions tested.\n\xe2\x80\x9cGPS Insight is proud to be named the Preferred Telematics Solution Partner for Amerisure Insurance,\xe2\x80\x9d said Ryan Driscoll, VP of Marketing at GPS Insight.
  • At Amerisure, our mission is to deliver value-added products with superior service,\xe2\x80\x9d said Kevin Clary, VP of Risk Management at Amerisure.
  • GPS Insight provides many fleet solutions that include vehicle and asset tracking, in-cab smart cameras, field service management, and compliance solutions.

Donaldson Filter Minder® Connect® Monitoring Solution Expands to Fuel Filters and Engine Oil Condition

Monday, April 12, 2021 - 9:49pm

b'At the Technology and Maintenance Council (TMC) Spring Meeting, Donaldson Company, Inc. (NYSE: DCI) announced its Filter Minder\xc2\xae Connect\xc2\xae solution is now available for monitoring fuel filters and engine oil condition on heavy-duty engines.

Key Points: 
  • b'At the Technology and Maintenance Council (TMC) Spring Meeting, Donaldson Company, Inc. (NYSE: DCI) announced its Filter Minder\xc2\xae Connect\xc2\xae solution is now available for monitoring fuel filters and engine oil condition on heavy-duty engines.
  • Filter Minder system components can be installed on equipment in minutes and the solution integrates into existing on-board telematics and fleet management systems.\nFiltration efficiency is lost when filters are changed too soon.
  • Filter Minder connect sensors can measure pressure drop and differential pressure on fuel filters, plus the condition of engine oil, including density, viscosity, dielectric constant, and resistivity \xe2\x80\x93 characteristics that allow fleet managers to make more informed maintenance decisions.
  • With the Filter Minder Connect monitoring solution users can achieve more uptime and productivity for a better bottom line.\nThe Filter Minder Connect sensors and receiver wirelessly transmit performance data to the cloud and predictive analytics inform users when filters and engine oil are approaching the end of their optimal life.

New U.S. Telematics Scoring Model Achieves 79% Lift Above Standard Rating Factors, Testing Available via LexisNexis Telematics OnDemand

Thursday, April 15, 2021 - 1:30pm

This new scoring model will be available for testing through LexisNexis Telematics OnDemand and is designed to flow seamlessly into insurers\' existing auto insurance ratings programs to help improve segmentation, pricing risk and profitability.\nTelematics OnDemand will be the first LexisNexis Telematics Exchange product to offer scores using the new Drive Metrics telematics scoring model which leverages analytics applied to driving behavior data.

Key Points: 
  • This new scoring model will be available for testing through LexisNexis Telematics OnDemand and is designed to flow seamlessly into insurers\' existing auto insurance ratings programs to help improve segmentation, pricing risk and profitability.\nTelematics OnDemand will be the first LexisNexis Telematics Exchange product to offer scores using the new Drive Metrics telematics scoring model which leverages analytics applied to driving behavior data.
  • The resulting scores can help carriers deliver a more accurate risk assessment of driving behavior data, both at point of quote and renewal.
  • In a LexisNexis Usage-Based Insurance (UBI) study, 88% of drivers indicated they prefer auto insurance pricing based on their actual driving habits.
  • We provide data and technology solutions for a wide range of industries including insurance, financial services, healthcare and government.

Lytx Sets All-Time Record Revenue in 2020

Wednesday, April 14, 2021 - 12:45pm

b'SAN DIEGO, April 14, 2021 /PRNewswire/ -- Lytx, a global leader in video telematics solutions, today announced itachieved record revenue in 2020, driven by a 63% increase in new customers along with significant demand from current clients for its industry-leading machine vision and artificial intelligence (MV+AI) technology.

Key Points: 
  • b'SAN DIEGO, April 14, 2021 /PRNewswire/ -- Lytx, a global leader in video telematics solutions, today announced itachieved record revenue in 2020, driven by a 63% increase in new customers along with significant demand from current clients for its industry-leading machine vision and artificial intelligence (MV+AI) technology.
  • The company leveraged the insights generated by its data to drive unmatched accuracy in its risk-detection algorithms and fuel product development.
  • Lytx has also been recognized as a Great Place to Work in all three countries in which it has locations, includingthe United States, United Kingdom, and Israel.
  • For more information on Lytx telematics systems, visit www.lytx.com , @lytx on Twitter, LinkedIn , our Facebook page or our YouTube channel.\n'

Insights on the Telematics Insurance Global Market to 2025 - Prevention of False Insurance Claims is Driving Growth

Tuesday, April 13, 2021 - 6:45pm

The telematics insurance market report is a compilation of different segments, including market breakdown by type, application, region, and country.\nThe telematics insurance market, based on type, is segmented into pay as you drive and pay how you drive segments.

Key Points: 
  • The telematics insurance market report is a compilation of different segments, including market breakdown by type, application, region, and country.\nThe telematics insurance market, based on type, is segmented into pay as you drive and pay how you drive segments.
  • The pay as you drive segment is expected to maintain its dominance during the forecast period in the telematics insurance market.\nThe telematics insurance market, based on distribution channel, has been segmented into OEM and aftermarket.
  • The aftermarket segment is expected to maintain its dominance during the forecast period in the telematics insurance market.\nThe telematics insurance market, based on device type, has been segmented into smartphone, onboard device, blackbox, and OEM embedded.
  • The smartphone segment is expected to maintain its dominance during the forecast period in the telematics insurance market.\nThe telematics insurance market, by application, has been segmented into passenger and commercial segments.

Medical oxygen gas supplier delivers critical service fighting COVID-19 with the help of MiX Telematics

Tuesday, April 13, 2021 - 1:41pm

We continue to work energetically and in partnership with Linde and other customers toassist the global effort in combatting this virus in the most safe and efficient way," says Richard Adams,SalesDirector forMiXTelematicsEurope.\nMiX Telematics is a leading global provider of fleet and mobile asset management solutions delivered as SaaS to 750,000 globalsubscribers spanning more than 120 countries.

Key Points: 
  • We continue to work energetically and in partnership with Linde and other customers toassist the global effort in combatting this virus in the most safe and efficient way," says Richard Adams,SalesDirector forMiXTelematicsEurope.\nMiX Telematics is a leading global provider of fleet and mobile asset management solutions delivered as SaaS to 750,000 globalsubscribers spanning more than 120 countries.
  • The company\'s products and services provide enterprise fleets, small fleets andconsumers with solutions for efficiency, safety, compliance and security.
  • MiX Telematics was founded in 1996 and has offices inSouthAfrica, theUnitedKingdom,theUnitedStates, Uganda,Brazil,Mexico, Australia andthe UnitedArabEmiratesaswellasanetwork of more than 130 fleet partners worldwide.
  • MiX Telematicsshares are publicly traded on the Johannesburg StockExchange (JSE:MIX)andonthe NewYorkStockExchange(NYSE:MIXT).Formoreinformation,visit www.mixtelematics.com.\n'