Tangerine https://tangerine.ai/ Tangerine Mon, 26 Jun 2023 08:04:37 +0000 en-US hourly 1 https://wordpress.org/?v=6.1.1 The Importance of Telematics in Usage Based Insurance https://tangerine.ai/telematics/the-importance-of-telematics-in-usage-based-insurance/ Mon, 26 Jun 2023 08:02:20 +0000 https://tangerine.ai/?p=2696 IntroductionTechnology is rapidly changing the commercial fleet industry, along with this telematics and GPS solutions are altering how fleet managers monitor their assets. With the rise of these groundbreaking technologies, insurance companies are also using telematics. Telematics has led to the development of usage-based insurance (UBI). This insurance structure bases premiums on driver safety scores, […]

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Introduction
Technology is rapidly changing the commercial fleet industry, along with this telematics and GPS solutions are altering how fleet managers monitor their assets. With the rise of these groundbreaking technologies, insurance companies are also using telematics.

Telematics has led to the development of usage-based insurance (UBI). This insurance structure bases premiums on driver safety scores, monitored via OBDs or smartphones. The telematic system tracks driver’s trips and assigns scores based on their driving behavior such as speeding, hard braking and fast acceleration. Vehicles with drivers having a good driving score can avail insurance at a low premium. In some cases, fleet owners can save up to 40 percent if their fleet and driver safety scores are at a good mark, ensuring reduced cost.

The UBI market is growing each year. Between 2015 to 2016, the market grew by 32 percent.   The global automotive usage-based insurance (UBI) market was forecast to grow to 105.12 billion U.S. dollars by 2027 Pay as you drive (PAYD) and pay how you drive (PHYD), is the practice of collecting driving data from a vehicle to calculate the auto premium of the respective drive. This insurance structure is almost a no-brainer since it’s effective in identifying less risky insurers and leads to reduced cost and increased efficiency.

Reducing Risk with UBI and Telematics
UBI offers additional benefits for both carriers and consumers leading to an increase in safe driving habits, thereby creating fewer accidents. Telematics-based fleet management tools like driver scorecards, trend reports, and in-vehicle driver feedback can coach drivers to reduce speeding and aggressive driving behaviors, reduce idling, and increase productivity. Telematics data makes it easier to understand what needs to be done to become a better driver. Continuous feedback on driving behavior can also help increase fuel economy by reducing quick bursts of acceleration and hard stops.

How Usage based Telematics work
UBI relies on telematics to collect data on driving behavior. Although, traditional parameters like vehicle type and driving record are still part of the equation. Telematics data provides greater accuracy in establishing fault when settling claims and also helps tracking and recovering stolen vehicles.

Through a telematics device, the insurer can capture several types of information, such as :

  • Miles driven
  • Where and when you drive
  • Acceleration, braking, and cornering
  • Speed
  • Distracted driving
    From the data, the insurer can better assess risk and charge a more accurate amount.

Launch Usage-based Insurance Programs with Tangerine
Tangerine’s Platform enables you as an insurer, significant flexibility to support various usage-based insurance models maximizing technology and data analytics to retain loyal and profitable customers.

  • Choose one or more policies i.e. Pay-As-You-Drive (PAYD), Pay-How-You-Drive (PHYD), and Manage-How-You-Drive (MHYD).
  • Insightful incident history helps you develop the right product strategy and pricing for your customers.
  • Whatever your objectives, Tangerine will work with you to deploy a highly configurable platform along with white-label apps, customizable scoring mechanism and analytics tailored to your requirements.

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Telematics for Electric Vehicles https://tangerine.ai/telematics/telematics-for-electric-vehicles/ Wed, 21 Jun 2023 08:27:05 +0000 https://tangerine.ai/?p=2655 Telematics is fast becoming an essential component of fleet organizations. It is the single most revolutionary change that is impacting fleet companies in a profound way.

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Electric vehicles are the future and recent reports have confirmed that these vehicles have now entered their fastest phase of growth. Drastic improvements in Electric Vehicle (EV) technology, along with the government’s focus on reducing global warming and encouraging zero-emission vehicles, have provided a much-needed impetus to the EV market. 

When placed in an electric vehicle, Telematics will track fleet data to help:

  • Monitor energy consumption and energy generation.
  • Improve driving habits.
  • Monitor battery’s state of charge.
  • Location and booking of the next charging station.

With such telematics data in hand, field service managers can also do effective route management, benchmark vehicle utilization, monitor charge reporting, and measure whether their plans are effective in reducing costs and emissions.

Monitor energy consumption and generation

Fuel and Electric Vehicle Energy Usage Report

You must review both fuel and EV energy usage. This helps answer questions such as the typical electric range and the performance of fleet Electric Vehicles compared to fuel vehicles. The Fuel and EV energy usage report provides an insight into battery use specifically, if it is being maximized and identify if any of the EVs are running solely on gas.

Electric Vehicle Fleet Map Functionality

The Fleet map functionality includes real-time data on battery charge percentage and charging status. The Real-time battery charge percentage helps you identify which EVs/PHEVs in your fleet have the most or least battery charge. This helps to dispatch the nearest vehicle with enough battery charge to get the job done. Real-time charging status provides a view of which vehicles are actively being charged at any given time.

Custom Notifications with EV data

The custom notifications enable you to receive notifications when the battery of a vehicle reaches critical level while on the road and needs to be charged. You can prioritize charge order based on vehicles in the lot with the lowest charge level. By establishing a �?no-charge time’ rule, you can eliminate charging during peak electricity rate times. If a vehicle is charged during the time, a notification can be sent to the fleet manager.

Alerts and Notifications

Telematics solutions must be able to send notifications by email, SMS or web application; either to the management team, or directly to the driver. You will need real-time notifications for conditions such as:

  • Optimized charging: 

You can be notified if an EV should be charging and is not, ensuring that the vehicle is fully charged when it is needed and a driver is not missing a charging opportunity. It could be that the EV was not plugged in, or there is a malfunction with the charging station. Knowing each vehicle’s real-time charging status prevents loss of productivity resulting from insufficiently charged vehicles, or from drivers who forget to plug in.

  • Charging complete: 

The dispatch team receives an alert or e-mail notification, alerting them to the fact that the vehicle is now ready for use, or the plug is available for use by another vehicle.

  • Electric Vehicle model support

Unlike conventional Internal Combustion Engine (ICE) vehicles, EVs do not communicate EV specific information in any mandatory standards. The Telematics applications need the ability to access this information for all the models in your fleet that include EVs. That is why it is important to confirm that EV models you have in your fleet today and those you are considering in the future are fully supported for the data elements. 

Final Words

Fleet Management is rapidly evolving and fleets of all sizes, across all service sectors that are turning to telematics platforms to optimize their operations. The need for EV-Specific Telematics is because of the emission reductions and the lower cost of ownership, which are the primary benefits and tied to the high utilization rate. Whether you are looking to make your fleet 1% or 100% electric, you must ensure that those vehicles are fully data supported by your fleet management system. EVs have unique metrics that need to be monitored in order to optimize their performance, range and return on investment. As well, that the telematics solution you have selected has the capabilities and historic track record to support future models.

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Telematics optimizing waste management fleets https://tangerine.ai/fleet-management/telematics-optimizing-waste-management-fleets/ https://tangerine.ai/fleet-management/telematics-optimizing-waste-management-fleets/#comments Wed, 23 Feb 2022 11:13:12 +0000 http://box5676/cgi/addon_GT.cgi?s=GT::WP::Install::EIG+%28dsfuhmmy%29+-+10.0.87.30+%5BWordpress%3b+/var/hp/common/lib/Wordpress.pm%3b+534%3b+Hosting::gap_call%5D/?p=1 Telematics is fast becoming an essential component of fleet organizations. It is the single most revolutionary change that is impacting fleet companies in a profound way.

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Telematics is fast becoming an essential component of fleet organizations. It is the single most revolutionary change that is impacting fleet companies in a profound way. Telematics has enabled fleet operators to improve their operations, reduce overheads and enhance the safety of the drivers and the fleet. The benefits of telematics systems are innumerable. 

Waste Management Fleets

Waste Management companies serve a unique purpose in society. They are responsible for the collection of waste, processing and providing the necessary means and modes for the efficient disposal of the same. Transportation plays a huge role in the Waste Management System. Telematics enables the Waste Management System to function efficiently and effectively. It minimizes the travel time and distance of the vehicles by helping the system work smarter. 

Telematics for a Better Waste Management System

Telematics helps to improve the efficiency of the Waste Management Fleet by optimizing the route and process plan. It reduces the burden on the system and the drivers by assigning the best person for each route. 

Telematics solutions use a combination of telecommunication and informatics to manage the fleet before, during and after each trip. The data collection systems track the location, speed, driving behavior and other parameters of each vehicle. Based on the data collected and collated, fleet operators can monitor, manage and communicate with the fleet better and optimize each trip.

With the implementation of Telematics, the fleet operators can optimize the routes efficiently. The constant monitoring also enables the fleet operators to arrive at alternate routes in case of traffic blockades or other emergencies. The module provides optimal collection routes and ensures that the waste is collected through the shortest and quickest routes. Drivers can collect more waste in less time. The reduced uptime results in the saving of time and fuel. This greatly reduces operation costs and saves valuable resources. Telematics offers an eco-friendly and sustainable solution for Waste Management Fleets. 

Driver safety and fleet safety are also greatly enhanced with the adoption of the Telematics system. The system allows for the constant monitoring of the vehicles and forewarns in the case of potential breakdowns. This reduces the downtime of the vehicle and the burden on the drivers. Telematics systems allow you to improve and extend the life of your fleet. 

What Tangerine can do for you

Tangerine brings to you an innovative complete solution of commercial fleet management tools and compliance offering to protect your drivers, trucks while you focus on your core operations. Rest assured, your fleet is well protected.

Tangerine’s Video Telematics provides specific coverage and risk management options to businesses operating waste management fleets. By integrating Tangerine’s video telematics solutions into your fleets, we not only protect your trucks and drivers but also reduce costs, increase efficiency and improve your overall operations.

This makes your fleet easier to manage and can save your company a significant amount of money. 

Tangerine’s niche expertise provides the products you need and the service you deserve to get back on the road faster. We understand your needs and share your concerns. We have programs that fit your fleet requirements perfectly so that you can drive with confidence.

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Increasing Lifetime & Uptime of Fleets Is Easier With Telematics https://tangerine.ai/uncategorized/increasing-lifetime-uptime-of-fleets-is-easier-with-telematics/ Thu, 13 Jan 2022 06:45:00 +0000 https://tangerine.ai/?p=1999 Telematics is fast becoming an essential component of fleet organizations. It is the single most revolutionary change that is impacting fleet companies in a profound way.

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Fleets form the backbone of any country’s economy. They drive the nation’s economy. Fleets are the circulatory system that hauls goods, materials and personnel across the length and breadth of the globe, often in stressful and harsh conditions. They often work on tight, time-bound schedules that are critical for productivity and profitability. 

If even a single vehicle from a fleet is off the road, it means a loss of revenue for the fleet operator as well as for the client. The loss is not just restricted to monetary loss – brand image and perception also take a big hit. Increasing fleet uptime is therefore imperative for running a smooth and efficient operation. Increasing the lifetime and uptime of fleets is critical for a venture to remain productive and profitable. But is it possible to increase productivity without over-stressing an already stressed workforce? The answer might lie in efficient management of vehicle health and reducing downtime.

Prevention is better than cure!

Proactive maintenance goes a long way in ensuring that the fleet is firing on all cylinders and is operating at maximum efficiency – always. Following a regular maintenance schedule helps in mitigating serious damages by identifying potential issues well in advance. It also helps to lower unforeseen and serious breakdowns and avoid vehicle downtimes. 

While following a pre-despatch vehicle inspection checklist is a possible way to anticipate problems and avoid breakdown instances, a real-time telematics-based vehicle monitoring system is a great way to highlight minor issues through remote diagnostics and prevent them from becoming a serious problem that could possibly lead to a breakdown and hence keep the vehicle off the road for a while.     

Technology for Better Management

The key to ensuring better uptime of the fleet is by predictive and proactive maintenance. Modern intelligent telematics-based systems offer a deeper insight into the operations of the fleet and the vehicle health. In-vehicle monitoring systems, in addition to the vehicle monitoring system, monitor the status of the vehicle systems. They warn in advance when they sense a possible fault. By early identification of the issue and limiting the possible ripple damage, they help to reduce the downtime of the fleet. 

Vehicle monitoring systems monitor a wide array of variables and crunch the data into meaningful and actionable points. Predictive and preventive data is aided by this useful information. Various factors like route, driver alertness, throttle input, tyre pressure, ambient temperature, engine temperature, electrical issues, load status etc., are monitored constantly and potential issues are flagged immediately. This enables one to predict and prevent issues, thereby reducing catastrophic failures and hence minimise downtime.  

By keeping the fleet operating at maximum efficiency, unforeseen and stressful downtimes can be reduced significantly. This reduces the burden on the drivers to meet deadlines, and hence lessens their stress and workload to a great extent. This improves productivity of the entire fleet. A happy and relaxed workforce can get a lot more done than a grumpy and stressed workforce!  

Effortless Fleet Maintenance with Tangerine

Tangerine uses AI to improve many aspects of fleet maintenance. From reducing unplanned downtime to increasing the overall efficiency in the maintenance and repair process, Tangerine provides a stress-free fleet maintenance system that is sure to boost your fleets’ productivity and profitability. 

Preventive and predictive maintenance information for each asset to track maintenance services and understand RUL.

Keep tabs on everything from required repairs to scheduled services and daily inspections to keep assets at highest performance levels.

Monitor vehicle issues by capturing DTCs for both OBD II and J1939 protocols.

Tangerine Brings the Power of AI to your Fleet

Our vertically integrated platform gives complete visibility and increases the efficiency, safety and productivity of your fleets through actionable intelligence. Tangerine offers a one-stop solution that covers all the tools you need to manage your fleet.

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Last-mile Delivery Route Optimization: Increase Efficiency in Operations  https://tangerine.ai/fleet-management/last-mile-delivery-route-optimization-increase-efficiency-in-operations/ Thu, 02 Dec 2021 12:41:00 +0000 https://tangerine.ai/?p=1960 Predictive maintenance uses real-time data to inform fleet managers which parts on a vehicle are likely to fail,

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Last-mile Delivery Route Optimization: Increase Efficiency in Operations
“It is not the destination, it is the journey,” said a wise man once. We doubt if the person understood then the implications the words would have in the present day context and the huge challenges faced by the modern-day logistics organizations that work day and night to connect the seller to the customer by making the journey as optimal as possible.

The Logic behind Logistics

Running a fleet service efficiently is a challenge by itself. With the increasing and fierce competition service providers face, every mile saved is a little bit more earned for the organization.

Through a Last-mile route optimization model, the relevant and critical information such as goods, driver, route etc is known beforehand, thus reducing the unknowns. Various constraints such as driver preference, load type, route options and customer priority are evaluated while planning a dynamic route. This makes it a little easier to find an optimal solution and gives one a bit more time as well to plan better.

The main goal of the last-mile route optimization is to reduce travel distances and minimize driver fatigue and risk by giving you a deeper insight into the planning and execution. The system ensures that the right drivers are assigned to particular zones. Constant monitoring of the fleet, with live alerts in case of deviation, unnecessary stops etc., allows you to track the real-time planned vs executed routes and also gives you valuable data to improve the system further. Implementation of a last-mile route optimization system reduces the effort involved in daily decision making and streamlines your fleet operation. It also helps you achieve higher profitability and reliability.

The system brings greater transparency and better management to the operation. This helps you share accurate details with your customers, reduces driver fatigue, minimizes risks and ensures better working conditions in general.

What Tangerine can do for you

Powerful Route Planning – Our ML algorithms determine the most efficient routes for your drivers and reduce average miles by getting real-time data like delivery updates, shorter routes, etc. You can get routes optimized with all your parameters like distance, time, drivers etc., Our planned routes help you reduce traffic congestion delays and time wastage. It also facilitates quick dispatch and enables you to share accurate ETAs with customers. Smarter Operations – Plan and create optimized routes, push them to drivers and live track deliveries through Gantt charts and map visualizations. You can quickly import orders from an Excel or CSV file. You can also push routes directly to drivers’ phones through our Jido Deliver app. Track delivery schedules and delays at any time.

Driver, Vehicle and Route Performance – With centralized data collection of planned vs actual routes, updated delivery status, and vehicle health monitoring, you can evaluate drivers on the basis of distance, time, mileage etc. You can get to know about on-time, before-time, delayed and missed deliveries and decrease empty miles by assigning orders to suitable drivers and vehicles. You can also compare drivers on complete percentage with assigned and completed tasks.

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Effective Fleet Maintenance Tips To Keep Your Fleet Running Smoothly  https://tangerine.ai/maintenance/effective-fleet-maintenance-tips-to-keep-your-fleet-running-smoothly/ Sat, 06 Nov 2021 07:04:11 +0000 https://dsf.uhm.mybluehost.me/demo.tangerine/?p=1184 Businesses lose money every time a vehicle is facing sudden downtime,telematics can help fleet managers/

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Businesses lose money every time a vehicle is facing sudden downtime,telematics can help fleet managers/ owners proactively plan fleet maintenance and reduce vehicle downtime, and avoid unwanted sudden breakdowns. Keeping your drivers and vehicle safe while they are on the road is vital, however, none of that is possible if your fleet isn’t well maintained. You can prevent this by keeping an eye on maintenance costs and taking action before they pile up and escalate. Being proactive will not only save businesses thousands of dollars but also make it more efficient. A well-maintained vehicle burns less fuel, breaks down less often, and helps lower your operating cost. Taking a proactive approach also means you can stop problems in their tracks before they snowball into safety hazards.  Fleet management can be done today in many ways to keep fleets efficient and upkeep an efficient fleet operation all around. 

Here are tips that will help you manage your fleet maintenance more effectively. 

• Regular Driver Reports

Think of maintenance as a rotating job, rather than something confined to set dates. Alongside regular inspections, you should be communicating as often as possible with your drivers. After all, they spend more time with the vehicles than anyone else does. Drivers can develop a set of best practices and form productive working relationships with you and the maintenance team or contractor.

• Invest in Fleet Telematics 

Investing in telematics tools and tech can help you gain a competitive edge. In fact, according to one report, fleet management data can increase productivity by up to 15%. Financial savings also increase, with about 55% of survey respondents reporting reduced fuel expenditure of up to 10%. It notifies fleet managers of things like vehicle-damaging driving and issues warnings to individual drivers automatically. Telematics allows you to stay on top of all maintenance needs and makes scheduling and keeping track of maintenance tasks much easier. Plus, when you go digital you can get automatic alerts informing you of needed maintenance for your fleet.

• Preventive Maintenance

Properly maintained vehicles reduce unscheduled repairs and downtime. Preventive maintenance may include oil changes, tire rotation/inspection and general safety vehicle inspections. Preventative inspection and maintenance is vital to cut down on impromptu repairs and downtime for your vehicles. A great way to make the vehicle inspection process efficient is to have a maintenance checklist that your drivers or head of maintenance complete at the chosen times.

 

• Regular Vehicle Inspections

Monitoring the day-to-day activities of the fleet allows us to optimize its operation, this includes the work cycle, fleet routes, fuel efficiency, maintenance frequency, productivity and all sorts of activities relating to  fleet operation. Regularly checking tire pressure is especially important, as it affects just about every aspect of a vehicle fleet’s operations, from driver safety to fuel mileage. Fleet managers should keep a tab on how temperature changes can cause fluctuations in tire pressure, and regularly check the tread depth on tires for signs of excessive wear and tear. 

 

Final Words

Effective fleet maintenance is a productive practice for keeping enterprises on a roll. Though it is a mundane task demanding day-to-day attention it cannot be neglected. Keeping fleets ready for trips, helps enterprises optimize time as well as productivity. The time you spend now to develop your fleet’s preventive maintenance plan could save your company a considerable amount of lost time in the future. In addition, the money you spend on implementing a preventive maintenance plan will be small in comparison to maintenance costs associated with unscheduled, preventable repairs.

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Video Telematics : Data-Driven Safety For Fleets https://tangerine.ai/telematics/video-telematics-data-driven-safety-for-fleets/ Tue, 02 Nov 2021 06:41:58 +0000 https://dsf.uhm.mybluehost.me/demo.tangerine/?p=1123 Any fleet organization is only as good as its driving crew and the vehicles that form the fleet.

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Any fleet organization is only as good as its driving crew and the vehicles that form the fleet. Though the nature of fleet operation entails danger, a successful anticipation and mitigation of potential risks reduces danger and ensures a safe and happy work environment. Traffic accidents and goods damage comprise a major chunk of the risk hazard. Technology plays an essential role in reducing the risks associated with fleet operation. 

  • Fleet Safety 

Data-driven analytics like video telematics combined with GPS can help in tracking and analyzing driving patterns and establish effective fleet safety protocols. It can enable fleet managers to set clear and consistent expectations of drivers.

  • Driver Monitoring

Continuous driver monitoring through GPS and in-vehicle cameras help in tracking driving patterns. It makes drivers more accountable. Based on the data obtained, safety training programmes can be introduced to improve driving safety and educate and persuade ‘risky’ drivers to adopt safe driving practices. This curtails risky driving behaviors and lessens vehicle accidents, thereby reducing vehicle downtime.

  • Fatigue Driving

Distracted driving due to fatigue is a great risk. To reduce fatigue induced distractions, technological aids can be employed to monitor driver fatigue levels. Also, through GPS based driving data, routes and stops can be planned better to make the life-on-the-road tad easier for the drivers.

  • Data Analytics

The way a driver operates a vehicle determines how safe they are on the road. Telematics monitors adherence to fleet safety regulations and flags high-risk drivers. Altering driving behavior helps to improve driving safety.

Regular maintenance and checkup of the vehicles is an important factor to ensure reliability of the fleet and reduce downtime. Vehicle monitoring systems alerts the operators about potential breakdown points and preventive maintenance intervention can be promptly made so that catastrophic downtimes and injuries can be avoided.

  • Fuel Management

With the rising fuel costs, fuel management is essential to reduce operational costs. Through data-driven management of routing, better monitoring of driving styles, identifying contributors & reducing inefficiencies, a significant reduction in fuel costs can be achieved through Telematics system implementation.

What Tangerine can do for you

Tangerine’s Video Telematics provides specific coverage and risk management options to businesses operating fleets of all sizes. By integrating Tangerine’s video based telematics solutions into your fleets, we not only protect your trucks and drivers but also reduce costs, increase efficiency, improve your overall operations, and provide the coverage you need at the best rate.

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The Potential of Shared Mobility Through Connected Cars https://tangerine.ai/fleet-management/the-potential-of-shared-mobility-through-connected-cars/ Thu, 02 Sep 2021 07:54:48 +0000 https://tangerine.ai/?p=2026 Telematics is fast becoming an essential component of fleet organizations. It is the single most revolutionary change that is impacting fleet companies in a profound way.

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The Shared mobility refers to the usage of a fleet vehicle collectively by fleet owners for transportation without owning it. Some of the vehicles used for shared mobility include cars, vans, e-bikes, motorcycles, and scooters. Shared mobility offers economic efficiency over car ownership. Connected car fleets will allow OEMs to provide drivers and fleet owners seamless mobility service, that will contribute to a an overall sustainable society. 

Increase in the Rise of New Business Models

Shared mobility is expected to generate three business models. Some organizations have already started working on these business models, while others are still under investigation. The three key models, which are expected to emerge globally are:

  • Purpose-built vehicles for fleet mobility on demand are expected to gain popularity.

A new emerging market segment, which business organizations across the automotive ecosystem are looking into, is purpose-built vehicles. This is gaining popularity, as the cost of a conventional vehicle is costlier than vehicles used solely for ride-sharing and shared driving purposes. According to industry experts, the cost of purpose-built vehicles can be even 25% lesser than the conventional ones.

  • Vehicle-as-a-fleet service is likely to be more prominent.

This is another business model that is expected to be increasingly provided by OEMs once purpose-built vehicles are a reality. In this model, there is an increasing demand of vehicle-as-a-service to shared mobility service providers to provide shared driving services. Some of the services include insurance, leasing, repair and maintenance, financing, and operation of the mobility service provider’s fleet vehicle. This model has given rise to new pricing models like ‘fixed-weekly’ or ‘fixed-monthly’ subscriptions based on the number of days/months the vehicles are used. In addition, there is also an option for ‘pay-per-km’, where the commuters can pay based on the number of kilometers traveled by the vehicle.

  • Contract manufacturing may pick up and speed up the pace.

The mobility service providers are expected to collaborate with contract vehicle manufacturers and build their own custom-made vehicles for ride-hailing or shared driving services. In this case, the mobility service providers may have their own branded vehicle fleet services. These new fleet business models are expected to shape-up based on the defined customer preferences, regulations, and technological advancements across key economies worldwide.

Tangerine’s Car Sharing 

It is not only important to manage the fleet but you must also increase your vehicle’s security by disabling it in the event of theft or misuse with just a click of the button. Tangerine offers you a complete integrated solution to safely restrict your vehicle from starting again before it gets out of the reach. Increase your vehicle’s security by disabling it in the event of theft or misuse with just a click of the button. Safely restrict your vehicle from starting again before it gets out of reach incase of an authorized access. Immobilization takes place when the vehicle is still and the ignition is off. Live tracking of the vehicle along with immobilization aids in quickly recovering your car in case of theft.

Final Words

The reality is that as cars become more connected for shared driving, they become a new attack surface that can be targeted by cyber-criminals. You might see how attackers are creative and opportunistic in accessing data. If there is a vulnerability to be exploited or weakness to be found in connected mobility platforms, the hackers will target it, especially if there is any profit to be gained. Connected vehicles will be constantly receiving and sending data. And while it might be difficult for us to imagine how this data could be interpreted, adversaries have proven that they can monetize and leverage fleet data in a variety of ways. Hence, more and more fleet owners across the globe are convinced with the concept of shared mobility. The automotive industry is undergoing massive digital transformation. By 2030, there will be cars that will be more connected, autonomous, shared, and electric.

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What is Commercial Fleet Insurance & How It Adds Value https://tangerine.ai/telematics/what-is-commercial-fleet-insurance-how-it-adds-value/ Sat, 28 Aug 2021 06:43:00 +0000 https://dsf.uhm.mybluehost.me/demo.tangerine/?p=1132 Motor vehicle insurance is a legal and mandatory requirement for any vehicle that plies on public roads.

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What is Commercial Fleet Insurance?

Motor vehicle insurance is a legal and mandatory requirement for any vehicle that plies on public roads. As the name suggests, Commercial Fleet Insurance is a type of vehicle insurance policy that covers multiple commercial vehicles. It is specifically designed for commercial fleet operators. 

Why Do I Need Fleet Insurance?

If you are a fleet operator, then consolidating insurance policies for your fleet has many advantages, the prime advantage being it makes it easy to manage your vehicles. Fleet insurance also saves a lot of money for the company. 

Organizations with a fleet will find fleet insurance a blessing. Fleet insurance eliminates the need and the resources required to manage the insurance policies of individual vehicles. Be it tens, hundreds, or more, keeping track of the individual vehicle’s insurance status and the coverage of the policy is substantial work that needs dedicated resources. If not managed properly, it can leave the vehicle, the driver, and the other road users exposed to risk. 

A Fleet Insurance that covers all the vehicles in the fleet is the best way to ensure the safety of the fleet, the drivers, the organization, and other users.

How Much Does Fleet Insurance Cost?

Insurance policies generally depend on factors like the area of usage, the scale of usage, risk factors, insurance provider, etc. A major factor for determining the insurance premium value is the level of cover opted for and the type of vehicle you want to insure. Recent advancements in the field of fleet insurance like telematics-driven data assessment also help in determining the premium value. 

Telematics technologies collect, collate and transmit data on vehicle use, driving pattern, and routes. Through effective monitoring of the entire system, it is now possible to gain an insight into the risk models and safety initiatives and calculate insurance rates better. The telematics system tracks driver’s trips and assigns scores. Through a telematics device, information like kilometers driven, routes are taken, time of the trip, driver behavior such as sudden acceleration, hard braking, cornering, speeding, etc can be monitored. All these are categorized as ‘Driver Safety Scores’. This score enables the insurance provider to assess the risk a particular truck poses and arrive at the insurance rate for it accordingly. Vehicles with drivers having a good driving score can avail insurance at a lower premium. In some cases, fleet owners can save up to 40 percent of their fleet, and driver safety scores are at a good mark, ensuring reduced cost. 

This benefits both the fleet operator as well as the insurance provider.  

What Tangerine Can Do For You

Tangerine brings to you an innovative complete solution combining commercial fleet insurance with fleet management tools and compliance offering to protect your drivers, trucks while you focus on your core operations. Rest assured, your fleet is well protected.

Tangerine’s Next-Gen Commercial Fleet Insurance with Video Telematics provides specific coverage and risk management options to businesses operating fleets of all sizes at a reduced insurance premium. By integrating Tangerine’s video-based insurance telematics solutions into your fleets, we not only protect your trucks and drivers but also reduce costs, increase efficiency, improve your overall operations, and provide the coverage you need at the best rate.

This makes your fleet easier to manage and can save your company a significant amount of money. 

Tangerine’s niche expertize provides the products you need and the service you deserve to get back on the road faster. We understand your needs and share your concerns. We have programs that fit your fleet requirements perfectly so that you can drive with confidence.

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Technology Helping Trucking Companies Stay Insurable https://tangerine.ai/telematics/technology-helping-trucking-companies-stay-insurable/ Fri, 20 Aug 2021 06:47:00 +0000 https://dsf.uhm.mybluehost.me/demo.tangerine/?p=1145 For transportation and trucking businesses, managing insurance isn’t for the faint of heart.

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For transportation and trucking businesses, managing insurance isn’t for the faint of heart. Legal settlements are increasing, premiums are skyrocketing, and equipment is getting more expensive. What’s more, new rules and legislation are changing how safety is managed and understood. As the industry shifts, technologies that place driver’s safety at the forefront are playing a key role in reshaping the landscape, also allowing technology adapters to diminish risks and position themselves more in the driver’s seat.

To stay insurable and reduce future cost increases, fleet managers seemingly have no other option than to shoulder the burden of evidence that their sustained efforts to reduce risk are actually working.

ELD Compliant

Not all commercial insurance agencies have boggled from providing insurance discounts for using certain technology.

Some agencies offer discounts to fleets that share electronic log data through the Smart Haul program. This allows insurers to review a carrier’s ELD data records on a yearly basis to make a determination.

As such, they’re able to compare an individual’s driving habit to those of a similar commercial truck driver and determine the discounts based on their most recent driving history. So far, telematics systems that incorporate in-cab cameras have proven to be most effective for minimizing risks. Telematics help change risky behaviors and protect insurers and fleets from fraudulent claims.

Collision Avoidance Systems 

Smart anti-collision systems sense when a vehicle is getting too close and apply the brakes on behalf of the driver to reduce the risk. While these technologies have been around for a while, more commercial fleets promise to come equipped with these technologies already on the market, and other retrofit options have recently entered into use for older trucks.

These systems don’t just help employees avoid accidents, they also encourage safer driving practices by accessing data that can be used to reinstruct drivers or to create genuine safety programs for a business to make the entire fleet safer.

Driver Behavior Detection

A wave of new technology is beginning to hit the trucking industry to help reduce driver fatigue. While an in-cab camera system can retroactively tell whether a driver was asleep at the wheel in the event of an accident, anti-fatigue technology can reduce the probability of dangerous scenarios.

For instance, fatigue-meters systems use hours-of-service logs to predict a driver’s fatigue levels, updating fleet managers with in-depth assessments for every driver in the fleet.

Smart wearables can also analyze drivers’ fatigue levels by measuring body movements, calculating sleep amount, and notifying when alertness will start to decline.

Data collected through these new safety technologies can not only help identify and trigger potentially fatigued or dangerous drivers but also help- lead to hours-of-safety regulations and more personalized training for each driver to improve safety and encourage a safety-centered culture that can lower premiums.

The (FMCSA) demonstrated that telematics can be used to monitor driver performance and improve safe driving behavior. With Tangerine’s fleet management solutions, commercial fleet businesses can  increase safety and productivity of their fleets through actionable intelligence and become more proactive and efficient.

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