Commercial vehicles with usage-based insurance market is projected to grow by more than 18% by 2024, according to new research from Global Market Insights, Inc.
Pete Frey joined Nationwide in March as its commercial telematics director. He has been tasked with developing a usage-based insurance program for commercial fleets.
The Floow Limited, a telematics provider with officers in Detroit and the United Kingdom, has launched a telematics platform for commercial fleets that uses a driver's cellphone to allow insurance companies, fleet operators, and manufacturers to collect data about driver behavior.
Holman Insurance’s new program combines its in-house risk expertise with technology and fleet management experience to enhance the company’s role of advising and consulting fleets in the area of insurance.
Nationwide has hired Pete Frey as its commercial telematics director to develop and oversee a usage-based insurance program and connected business fleet platform, the insurer announced.