Our Blog

On our Products, Users, Markets and the Technology Behind AutoWiz

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  • Nov 17, 2021

In our conversations with Auto Insurers, certain questions on Telematics Insurance come up quite often. Here we list the top 5 questions, our view on these and how AutoWiz Telematics Insurance solutions address these.

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  • Oct 8, 2021

Veelo Mobility, an Indian e-bike provider for Hyperlocal and Last Mile Delivery Services, uses AutoWiz EV Fleet Management solution for improving operational efficiency.

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  • Oct 4, 2021

Economical driving behaviour can significantly reduce fleet's fuel expenses. Based on our fuel economy prediction model, we outline the top driving behaviour tips for improving fuel economy.

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  • Sep 7, 2021

Fast paced growth in Last Mile Delivery business comes with several operational challenges. We suggest some specific technology interventions to address these challenges.

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  • Aug 25, 2021

Smartphone-based Telematics as the technology option for Usage-Based Insurance is a growing trend. We explain why?

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  • Aug 18, 2021

With increased competition and rising cost pressures, fleet owners and managers need data insights to drive efficiencies in their fleet operations. We have listed below 6 key ways in which telematics solutions (connected vehicles) can improve the profitability of your fleet’s operation.

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  • Nov 18, 2020

The impact of COVID-19 has been felt in many lines of Insurance globally, with Auto being one of the most evident. With the COVID induced lockdowns and work from home continuing for months altogether, there has been a drastic reduction in usage of cars. In several markets, Insurers have offered refunds or discounts to customers, resulting in reduced premiums. Though with reduced number of accidents and claims, the overall results for the Auto Insurers seem to be mildly positive in the short term. Going forward, some expect a decline in the auto premiums as exposure reduces and car owners become keen to do price shopping or opt for bare minimum plans.

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  • 30 Jan, 2020

For observers of the Indian Insurtech space, 2020 began on an eventful note with the regulator IRDAI announcing the list of ideas that were approved for implementation under the Regulatory Sandbox approach. A majority of approved ideas involve use of data and technology to offer differentiated solutions. Approved ideas include several in the area of Pay-as-you-Drive, Floater Motor policy and Wearable based Health insurance. The good number of proposals submitted (173) and approved (33) across Motor and Health Insurers highlights intent players to innovate, differentiate and push the envelope.

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  • 21 Nov, 2019

Softening economy is impacting the revenue growth and profitability of Indian Transportation Industry, including Freight as well as Passenger transport. On the freight side, small to mid-size freight operators are getting squeezed out, as the high growth (and high margin) business (such as Express/3PL) being cornered by large organized players and high competition in low margin business (such FTL). As a result, Small and medium transporters are unable to pass on increasing fuel cost to customers. With about 90% of players in the industry having less than 20 trucks, problem affects a large segment of commercial vehicle owners.

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  • 25 July, 2019

The last few months have been fairly challenging for the Indian car industry with declining new car sales. Industry experts point to various factors for this declining trend, such as lack of car finance liquidity and increase in mandatory insurance costs. Another factor that is potentially overlooked could be the increase in used car market.
Indian pre-owned car market continues to grow indicating a shifting demand from new cars to used cars. Unlike developed economies with used car sales to new car sales are in the ratio of 3:1, Indian used car sales are just about equal to the new car sales, indicating more headroom for used car sales. See this recent news report on the changing nature of this market.

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  • 13 March, 2019

The Global status report on road safety 2018, by WHO, highlights that the number of annual road traffic deaths has reached 1.35 million and road traffic injuries has reached 50 million. Road traffic injuries are now the leading killer of people in age group of 5 to 29 years. While modern cars are becoming safer with enhanced passive and active safety features to prevent injuries to drivers and passengers, our roads are becoming unsafe for the vulnerable pedestrians, cyclists and motorcyclists.

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  • 3 Jan, 2019

Connected Car technology that enables real time monitoring of vehicles and insights based on historical data is expected to become mainstream and lead to newer business models and revenue generation opportunities in 2019. Commonly referred to as Telematics, we see growing world wide adoption of Telematics by various players in the ecosystem including automotive, mobility, logistics and vehicle insurance. Auto OEMs and Tier-1’s use on-road vehicle data gathered under varied driving conditions to improve designs, manage warranty and offer connected vehicle solutions to customers. Predictive Maintenance models using telematics data help Auto service networks offer optimized maintenance service for its customers. Auto Insurance companies use Telematics to develop underwriting models for Usage Based Insurance policies. Logistics and Mobility companies use Telematics for fleet management, driver behaviour and fuel monitoring and improve overall efficiency of their operations.

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  • 1 Jan, 2019

The mobility ecosystem around the world is going through a big transformation with the mega-trends of autonomous cars, battery powered cars and connected vehicles. These trends are upending the business models of current car makers with major moves being made by various players to position themselves favorably in anticipation of these changes. However, with all these technical advancements in cars around the world happening, one wonders if and when these will be available to masses in India and other developing countries.