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The fact is, not all insurers and brokers have the capability or desire to offer usage-based insurance. However, that doesn’t mean that telematics-based schemes can’t be used to attract new audiences and reduce exposure to risk.
Keep reading for three types of schemes you can set up relatively quickly. Then, check out our SmartLink page to find out how aggregated telematics data can make the process even easier.
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.
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.
Find out how you can use tech agnostic driver risk scoring to:
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:
Join us as we discuss how you can use a tech agnostic driver risk scoring solution to:
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:
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: