There’s no doubt that usage based cover is growing, but technology is advancing all the time and home EV chargers, connected kitchen appliances, PAYG driver insurance and more all offer insurers the chance to build new products around busy lifestyles. App-based MTAs, location tracking via phone or home device, upgrades on-demand, or reduced cover when on holiday. It’s all there.
IE has rounded up some industry insights on the subject, let’s dive in;
TARGA TELEMATICS
Some useful insights from Adam Gooch, UK Director of Insurance at Targa Telematics here;
How location and driving behaviour data underpin fleet risk
Motor insurance risk is no longer a static attribute of a vehicle or a driver. It is a dynamic outcome shaped by where, when, and how vehicles are used. Building on this principle, Targa Telematics’ Insurtech solutions combine location and driving behaviour data to deliver precise and proactive risk management.
Location data helps insurers identify exposure, distinguishing low-risk and high-risk usage. Driving behaviour signals, such as harsh braking or speeding, generate normalised driverlevel risk scores for more accurate pricing and early identification of highrisk driving patterns.
By integrating location, behaviour and contextual data, tools like Targa Telematics’ Smart Vehicle Protector can use agentic AI to detect anomalies, prevent and support vehicle recovery, cutting theft attempts by 30% and retrieving up to 90% of stolen vehicles. This approach allows fleets and insurers to move from reactive claims handling to proactive risk mitigation.
How telematics can personalise quotes
Telematics can help personalise quotes in many different forms, such as offering usage based “UBI” policies focused on the miles actually travelled. Connected insurance opens up numerous possibilities to tailor and offer different products.
The technology available nowadays to support these products and pricing models is far more advanced than some realise. Insurers can now connect directly to the telematics devices that car manufacturers install during the vehicle’s production process, and OEM data provides a seamless way to offer connected insurance, removing the need for additional hardware installation and requiring no action from the customer.
Targa Telematics supports insurers by managing the activation process and providing data from over 20 OEM brands for a wide range of UBI use cases. This approach simplifies deployment while allowing insurers to build more personalised, data-driven products as connected mobility continues to grow.
COMMERCIAL BUILDINGS & PROPERTY
Knowing when a building is being used, how many people are in there, latest regulatory inspections and checks, any repairs happening and more, is crucial if you want to offer real time Commercial property coverage. Here are some comments from Eagleview in the USA;
Eagleview, recently announced the launch of 3D property intelligence including high-accuracy walls, windows and doors measurements for residential and commercial properties directly into Eagleview One. The new technology dramatically reduces or even eliminates the need for site visits by providing high-accuracy measurements (98.77% accuracy) derived from ultra-high resolution ortho and oblique imagery giving customers even more ways to evaluate and harness residential and commercial property data as they prepare for jobs.
Now customers across businesses, governments, and communities can understand, evaluate, and act on the built environment in ways that were previously unimaginable.
“Today, we’ve dramatically improved one of the most time-consuming parts of work faced by industry professionals: the site visit,” said Piers Dormeyer, CEO of Eagleview. “Now, Eagleview One’s 3D models offer virtually all measurements and penetrations needed by both residential and commercial professionals in an interactive and intuitive user interfaceincluding the ability to isolate elements of the structure for analysis and part vs. whole report generation.”
The newly enhanced experience enables virtual collaboration by multiple stakeholders across a range of residential and commercial property-related workflows. This technological leap means faster decisions, fewer site visits, greater cost predictability, and a dramatically improved ability to plan, assess, insure, build, and manage properties at scale, because customers can have access to residential and commercial roof, wall and door measurements at a universal standard with the capacity to manipulate thousands of elements directly from their computer, tablet, or smartphone.
The Eagleview One interface allows customers to extract only the property data they need when they need it, which enables them to support these various workflows from a single source of truth, all without an increase in pricing. The solution is delivered through a flexible, subscription-based model, giving customers predictable costs, adaptability as usage grows, and continuous access to new features as the platform evolves.
INSURING AN ELECTRIC DELIVERY FLEET, FIRST WE NEED THE CHARGERS TO TRACK ACTUAL USAGE
So much of the online retail and fast food market is now delivered locally at home, or the workplace. To switch from diesel vans to EVs the sector needs safe charging points. For insurers setting baseline installation standards and monitoring charger use training, potential spikes, weather related issues, flooding on site etc is all crucial data. Here’s the word from Dawson Group;
Commercial vehicle rental specialist, Dawsongroup vans, has launched a new whitepaper looking at why charging infrastructure is holding back electric vehicle adoption across the UK’s light commercial vehicle (LCV) sector.
The ‘Charging Ahead’ whitepaper, based on data from Dawsongroup’s EV Readiness Survey of fleet operators across the UK, uncovers a disconnect between perceived readiness and actual implementation.
While 53% of respondents believe their premises are suitable for EV charging infrastructure, only 27% have actually installed chargers on site. Meanwhile, 47% remain either unsure of their suitability or consider their premises unsuitable altogether.
In the report driving range is identified as the most important factor in EV selection for fleet managers (42%). For micro fleets running between one and ten vehicles, a single van falling short on range can throw an entire day’s operations into disarray.
“For smaller fleets, every vehicle is a workhorse. If one can’t deliver the expected range, it disrupts the entire operation,” said Sarah Gray, Head of ZEV Strategy and Development at Dawsongroup vans.
SPEED MATTERS
Charging speed is also highlighted as a day-to-day challenge. Unlike private EVs, commercial vans run to tight schedules where slow charging translates directly into lost productivity. The whitepaper maintains that faster charging infrastructure is key to keeping vehicles on the road, with drivers able to top up during breaks rather than waiting for a full charge.
The findings show that 59% of drivers take their vehicles home overnight, which can create challenges around charging consistency and cost control.
“When vehicles are dispersed overnight, businesses lose control over charging consistency and cost management. It becomes harder to monitor energy usage and ensure vehicles are ready for the next day,” says Gray.
OVERNIGHT RISKS
Despite 41% of fleets parking vehicles at their business premises overnight, on-site charging adoption remains surprisingly low. The whitepaper suggests that many businesses underestimate what installation involves.
“Many businesses underestimate the complexity of installation,” says Simon Ridley, Managing Director at Dawsongroup vans. “From assessing electrical capacity to managing costs and planning for future scalability. It’s not just about buying chargers; it’s about integrating them into the business model.”
The whitepaper recommends a practical, phased approach, starting with temporary or mobile charging solutions, carrying out site assessments to understand power availability, and building an infrastructure that can grow with the fleet.
The experts at Dawsongroup vans encourage businesses to combine real world vehicle trials and telematics to test EV performance against actual route demands, rather than just relying on manufacturer figures. The ‘Charging Ahead’ whitepaper is available to download now: HERE
Be the first to comment