MGA : TPA
grown as EV drivers need information around charging stations and availability of chargers in real time . Increased numbers of EVs on the road will increase the demand on charging grids as well , which may lead to other cyclical impacts on fleet management .
“ Finally , EV vehicles last longer and have longer gaps between their maintenance schedules , which will be different to petrol and diesel vehicles due to them requiring more frequent maintenance .”
Clearly , by encouraging operators to share telematics more widely , insurers can foster a closer relationship with customers – not just one that is better at predicting risk , but one that can also benefit the operator . Telematics have the potential to flag bad driving practice , identify areas of fuel inefficiency and save the operator money , both on insurance and on day-to-day operations .
The rise of EVs presents some challenges to the industry . Telematics platforms will have to factor into their app the reality of operating an EV fleet , while insurers will have to constantly ensure that their policies reflect the evolving business challenges that their customers face .
But more EVs on the road won ’ t slow the rapid acceleration of UBI or halt the growth in telematics within the commercial insurance space . insurtechdigital . com 103