Commercial lines insurers are currently experiencing their poorest underwriting results. Due to adverse loss frequency and severity trends, including those caused by distracted driving, combined ratios for commercial insurers have risen over 100%. In order to stay profitable, rate increases have become inevitable, much to the dissatisfaction of fleet customers. Is there a better way to provide value to fleets while rethinking strategies and restoring profitability?
IMS Commercial Insurance Telematics provides commercial insurers with the industry’s most comprehensive solution – satisfying the needs of the insurer, fleet manager and fleet drivers alike. Commercial insurers finally have the proper tools to engage and retain customers and assess fleet risk to ensure a profitable book of business. Fleet drivers get regular real-time feedback to continuously improve driver safety. Fleet managers have the ability to influence safer driver behavior, appraise and reward fleet driver performance, and realize cost savings at every stop along the way.