The Institutes CPCU Society’s Post

In the lastest issue of Irishbroker Magazine (pg 32-33), we reveal why and how insurance brokers can help their motor fleet clients use KPIs, telematics and AI to save money and lives...

What are we seeing in the commercial transportation risk marketplace? There are still impacts on pricing in 2024, with lower freight rates also resulting in searches for insurance "deals" to help with margin. Congress has again started discussing forcing massive increases to interstate motor carriers' minimum liability limits. The primary ways to improve your risks and rates? Having safety plans, telematics, enhanced safety equipment, and possibly even integrating AI. Learn more about how we can help at https://zurl.co/swK6 #TransportationInsurance

Distracted driving fell for the first time in years in 2023. Why? CMT’s VP of Marketing, Matthew Fiorentino, takes the stage at insurtech boston today to talk about the three reasons why distracted driving dropped by 4.5% last year. He’ll explore the dynamics behind the increased adoption of UBI programs, the impact of hands-free laws, and the importance of media coverage and awareness. Can’t make the talk? Check out CMT’s latest report for the biggest trends in road safety: https://lnkd.in/eGvfrMhN #RoadSafety #InsurtechBoston #UBI #DistractedDriving

The Verizon Connect 2024 Fleet Technology Trends Report reveals compelling #insights! Did you know? 70% of #businesses, spanning all industries, rate video telematics as extremely beneficial. Top achievements include shielding from false claims (77%) and boosting driver #safety (73%). Plus, #videotech aids in reducing accidents (48%) and slashing #insurance costs (44%). Ready to harness these advantages for your #fleet? Let's connect! +254 714 500 130 info@vecopticsolutions.com #FleetTelematics #VideoTelematics #RiskManagement

🚀 Supercharge Your Telematics Data with Gridline Analytics Say goodbye to telematics data overload and hello to actionable insights. Our intuitive analytics platform empowers businesses of all sizes to make smarter decisions, faster. Turn your fleet data into profitable actions with Gridline Analytics! 🚚 https://lnkd.in/g8dMzmPc #fleet #telematics #fleetanalytics #fleetmetrics #fleetdata #vehicletracking #gpstracking #dashcams #geotab #fleettracking #driverscorecard #telematicsdata

The use of #telematics has been a game-changer in fleet management providing valuable data that drives significant efficiencies in many areas. Whether it's managing fuel consumption and driving behaviour for more sustainable journeys through to controlling fleet fuel spending, telematics can offer insights into driver behaviour giving greater control over road risk management, which can help in reducing insurance premiums. Telematics support a range of practical applications, including scheduling maintenance and improving route planning to keep your fleet running smoothly and efficiently. Find out more: https://bit.ly/3Xx3TAv #fleetmanagement

Check out Rob Carpenter's post highlighting the value of predictive maintenance for #FleetManagers. Using data from electronic inspections and real-time diagnostics like Motive's telematics systems, you can proactively address maintenance needs, fine-tune schedules, and allocate resources effectively. 🚛🔧 https://ow.ly/KOt830sB0Li

We take a unique approach to telematics data, working with multiple service providers to unlock its full potential. Check out how our approach can benefit your fleet. #TransportationTechnology #Telematics #FleetManagement

The rapid adoption of electric vehicles (EVs) is reshaping the motor landscape. For insurers, they provide a wealth of new risk data and increased customer engagement through telematics, but introduce complexities like higher repair costs and new risks related to batteries. Ellis Ng's latest feature explores the challenges and opportunities for the insurance industry, with experts saying that nuanced underwriting and human expertise are more important than ever: https://lnkd.in/gAMNht4G With expert insight from Allianz Insurance Singapore's Hicham Raissi and Munich Re's Thibault Imbert. #insurance #electricvehicles