Ptolemus expects growth in the UBI space , projecting that there will be over 20 million fleet UBI vehicles by 2030 . Commercial insurance telematics premiums are expected to reach € 20bn by the same year . Writing in the report , Ptolemus managing director Frederic Bruneteau claims that it ’ s high-time fleet insurers seized upon the telematics opportunity .

“ Higher interest in fleet telematics , a desire to reduce losses and more sophisticated , affordable technology solutions entering the market are just three key drivers ,” Bruneteau says .

The state of telematics in fleet insurance “ Telematics technology has traditionally been used for real-time tracking of the fleet and accessing reports on their usage , including fuel consumption , utilisation , idle time and crashes ,” explains Biswajit Kundu Roy , CEO and founder of vehicle rental platform Coastr .

“ More recently , telematics data is providing access to real-time vehicle data that is being used for monitoring driving behaviour such as harsh braking and speeding by fleet operators and insurance companies . More advanced fleet software is also able to use data such as diagnostic engine alerts to schedule early maintenance of vehicles .

“ Most fleet management software has technical debt challenges and is often difficult to change or integrate with other platforms that are being used by the fleet operator . Due to those limitations , most fleet management software does not utilise

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