Content & Events

Matrix iQ redefines access to telematics data for fleet insurers

Growing demand for flexible and transparent pricing, only accelerated by the pandemic, has led to an increasing number of fleet insurers investigating the possibility of offering usage and behaviour-based schemes.

This has come with a number of challenges as, in order to do so, insurers need access to a consistent set of data to which they can apply their pricing algorithm.

Fleet Insurance: 2023 Predictions

2023 promises to be another pivotal year for fleet insurers as they respond to increasing expectations from policyholders, while also adapting their processes in response to accelerating EV adoption and growing pressure to illustrate impact beyond simply offering cover for losses.

Watch as, alongside Antton Peña, Founder and Chief Strategy Officer at Flock, and Dean Avis, Fleet Director at hubb, we discuss the 7 topics we think will be most relevant to insurers looking to stay ahead in 2023 and beyond.

5 benefits of tech agnostic driver risk scoring

Find out how you can use tech agnostic driver risk scoring to:

  1. Identify high risk fleets currently on your cover
  2. Measure the impact of your risk management strategies
  3. Make strategic underwriting decisions
  4. Automate pricing decisions
  5. Increase your total available market

How fleet risk insights can help you achieve your ESG goals

Running proactive fleet risk insights with your policyholders can boost your ESG credentials by improving the safety and efficiency of your fleets on cover. In fact, in trials we’ve seen a:

  • 94% reduction in high-risk driving
  • 50% drop in the number of speeding incidents
  • 15% drop in fuel consumption
  • 50% decrease in tyre wear and tear

Driver risk scoring workshop

Join us as we discuss how you can use a tech agnostic driver risk scoring solution to:

  • Increase your total available market
  • Automate your pricing decisions
  • Identify high risk fleets on your cover
  • Measure the impact of your risk management strategies
  • Make strategic underwriting decisions
  • Streamline your First Notification of Loss (FNOL) process

SmartLink

Flock Case Study

In order to offer dynamic pricing which takes into account not just the number of miles driven but also the behaviour of a fleet’s drivers, Flock needed an easy way to access their policyholder’s telematics data.

The solution needed to be:

  • Quick to set up to avoid lost business due to delays in quoting
  • Simple to implement so as to not create barriers to potential customers signing up
  • Robust enough to allow them to carry out regular driver risk reviews with their policyholders

Product Overview

Pull telematics data from your current and potential policyholder’s existing kit to get a standardised view of driver risk, inform your pricing decisions and measure the impact of your risk management strategies.

A single platform for all of your data:

  • Pull telematics data via API from 30+ TSPs & OEMs
  • Score driver risk in the same way across all fleets
  • Get an immediate view of historic driver risk
  • Identify high risk fleets currently on cover

See how it works

Book a demo