We're always looking for smart ways to help trucking companies control insurance costs and make it easier for our agency partners to deliver tailored quotes and policy servicing for our shared customers. Over the past year, using Federato’s RiskOps platform, we significantly improved underwriting efficiency. We reduced quote turnaround from one week to half a day while offering dynamic, transparent pricing based on historical and real-time telematics data.
High Definition Vehicle Insurance (HDVI) analyzes huge amounts of information; they pull real-time data from telematics devices installed in semi trucks to feed six analytical models, to offer dynamic premium pricing and incentives for good driving. To power this strategy, HDVI needed an underwriting platform that could handle a huge volume of data, integrate with a wide variety of tools, and simplify their workflow so underwriters could deliver quotes at competitive speed despite a more complex process than their competition. We spoke with the team at HDVI to hear firsthand how RiskOps has helped enable their fundamental business strategy of being a data-centric MGA. Watch the full video here: https://lnkd.in/gVF2YmsZ