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Use Telematics to Write New Fleet Insurance Policies
Use Telematics to Write New Fleet Insurance Policies
A large air conditioning company recently reached out to John to write a new fleet insurance policy for them. Unfortunately, the company’s loss history was rather high, which made it difficult for John to get the underwriters to approve the policy. While conducting his research, he discovered that this company is a division of a much larger conglomerate. He found that the conglomerate’s revenues were a staggering…..
$22 Billion Dollars!
John believes that he can capture a lot of business from this conglomerate if he is able to win this division’s business and keep them happy. He then discovered that telematics could be used to help convince his underwriter that the client’s fleet insurance risk could be reduced.
Telematics can help
Reduce accident risk
The artificial intelligence-powered crash risk report identifies drivers that are at a greater risk of causing a crash. These high-risk drivers are coached by management to reduce the likelihood that they cause an accident.
Improve driver behavior
The driver safety scorecard identifies drivers that tend to drive aggressively and violate posted speed limits. Fleets use this data to reward safe drivers and coach poor drivers to improve fleet safety.
Recover stolen vehicles
The after-hours use and geofence violation alerts notify fleet managers if vehicles are stolen after work hours.
Improve vehicle safety
The vehicle inspection app is used by drivers to perform pre-trip and post-trip vehicle inspections to identify potential vehicle safety hazards. This gives fleet managers immediate notice of any issues so they can repair them in a timely manner.
Generate reliable fleet usage data
FieldLogix provides true annual mileage and hours of operation data that could be provided to underwriters. This data would give them more accurate details about the fleet’s activities when writing policies.
Eliminate distracted driving
Driver-facing dash cameras are used to identify distracted driving events such as cell phone use, eating, drinking, and smoking. The videos of these events are sent to fleet managers and used to coach the drivers to change their habits.
Reduce injury risk
Dash cameras identify which drivers are not using seatbelts and are fatigued while driving. They provide instant in-cab alerts to the drivers and send the video to the fleet managers for coaching.
Eliminate staged accident fraud
Cameras will store video from collisions to give fleets the ability to identify staged accidents and reduce at-fault insurance claims.
Submit your referral today to help your clients improve fleet safety!
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