Risk Management for Shared Fleets In The Winter Season

What Season Poses Highest Risk for Shared Fleets? 

When it comes to shared mobility, not all seasons are built equal. For car fleet operators, including car-sharing platforms, the winter season is usually complications and claims pile up. 

Winter can slow down operations, increase maintenance requirements and affect vehicle performances. It stands out as the most challenging period to operate in if you manage a car fleet or run car-sharing services.

Seasonal specific factors affect your bottom line. Costs will soar if your fleet management and risk management are not dialled in. 

To keep on top of costs, adapting your operations season to season is a must. 

The Main Risk of Winter Your Fleet

The biggest risk management error in winter is acting as if it’s like any other season. 

Reduces visibility, slippery or icy road surfaces, all contribute to a rise in accidents and repair rates. In the winter months, snowfall will lower overall trip volume and increase risks and driver stress on the road. 

Not to mention  how low temperatures increase the risk of freezing fluid inside the engine, accelerating wear and potential breakdown.

These are just a few of the winter specific conditions that raise the stakes in fleet management for operators. 

It’s clear that your operations and risk manager needs to flex with the seasons to stay ahead. But where do you start in getting the insight and control needed?

How Cachet Helps You Controls Risk In Winter

Cachet’s range of insurance solutions are designed specifically to give you the perspective and power needed to turn risk management into an operational edge.   

Since 2018, we have developed a data model based on real-world trips back tested with actual claims data. Today, we are turning these insights to tools for action, through the like of our Driver Behaviour Analytics module within Cachet Mobility. Integrate your fleet telematics in our software and let us give you accurate information about your fleet. Get the best solution to analyse driving habits, claims rate and fleet operational hours. 

Driver Behaviour Analytics from Cachet offers the best tool to make decisions on your fleet, based on Data. Our model gives you essential insights for improving fleet safety and reducing fleet car insurance costs.

We ensure the connection between your fleet and insurer to offer your fleet a smarter, fairer coverage tailored to your fleet conditions. Reducing your winter risk and operational cost thanks to real time data.

General adaptation for your fleet 

Winter risk management is not only a digital topic, you can make adjustments in your fleet operations. From our expertise in risk management, here are some general and simple fleet adaptation:

• Increasing preventive maintenance schedule to reduce risk
• Providing training for drivers to ensure good driving habits
• Adapting vehicle equipment before weather conditions deteriorate
• Adapting your operations to reduce the amount of vehicle out during bad weather conditions

Zero risk doesn’t exist when it comes to fleet operations during winter. But combining general adaptation and Cachet risk management software is a way to minimise it and get competitive advantage during winter.

Adapt for the Winter, get benefits all the Year

Operating your fleet across the year comes with various challenges. Winter is not an exception. By implementing the right solution, you are turning a harsh season into a competitive advantage.

Your fleet data stream, connected to our risk management software gives you visibility to make smarter decisions. De-risking your fleet reduces financial pressure on your operations.

This winter adaptation can support your fleet’s scaling beyond a single season. By reducing risks now, you’re lowering your baseline operational costs permanently. Fewer accidents mean sustained lower premiums. Better maintenance practices reduce long-term vehicle degradation. 

The investment you make in winter readiness pays dividends every year, taking your fleet operations to the next level.