Global brokerage Aon has introduced Fleet Risk Intelligence, a platform designed to assist motor fleet operators in identifying and managing risk within their fleets.
The Fleet Risk Intelligence’s overall goal is to reduce accidents, enhance operations, and cut costs.
This new solution delivers actionable insights to fleet operators and drivers through advanced analysis of comprehensive datasets. It uses vehicle telematics, such as GPS and acceleration/speed data, alongside real-time weather and road conditions, to develop proprietary models with artificial intelligence and machine learning.
This approach, Aon explains, provides users with a more detailed understanding of their risk profiles.
The platform also aims to bridge the gap between fleet operations and underwriting, fostering collaboration between carriers and their insured clients. This data-driven collaboration can help fleet operators and insurers concentrate on reducing losses, improving safety, and enhancing profitability.
Reduced accidents lead to benefits such as lower loss ratios for insurers and decreased costs for fleet operators.
Curtis Scott (pictured above), executive vice president of future mobility and digital economy practice at Aon explained the benefits of Fleet Risk Intelligence for motor fleet operators.
“The way goods and people are being moved is rapidly shifting, which poses new challenges for insurers in the commercial motor sector,” Scott said. “One of the things success now hinges on is mastering the art of data-driven strategies and bespoke risk management. Aon Fleet Risk Intelligence blends client, carrier and geospatial data to equip businesses with the actionable insights they can leverage to help rein in costs, while focusing on growth and operational performance. It's a new era of smart decision-making.”
“The challenges faced by fleet operators and insurers are closely intertwined. By equipping both parties with the necessary tools to utilise mobility data most effectively, we can significantly improve risk profiles and, most importantly, reduce accidents,” Aon Growth Ventures (future mobility) chief commercial officer James Cowen said.
“For insurers, Aon Fleet Risk Intelligence enhances their understanding of fleet risk profiles, allowing them to offer pricing with greater confidence. Initially developed and launched in the UK, this represents a significant milestone for the British motor-tech sector, positioning Aon and the UK at the forefront of industry innovation and critical transformation,” Cowen said.
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