Daily Fintech Conversations

Fleets Go Full Throttle, Buoyed By Telematics & Usage Based Insurance

Originally published at: https://dailyfintech.com/2020/12/17/fleets-go-full-throttle-buoyed-by-telematics-ubi/

Commercial vehicles witnessed a 19.2% drop in medium duty and 31.1% in heavy duty trucks this year, compared to a year earlier. The silver lining was in LCV deployments in logistics, driven by ecommerce and last mile deliveries. As for connected truck telematics, the market is slated to grow 10% y-o-y, from 26.6 million installs…