Telerisk
No Result
View All Result
  • UK
  • World
    • Africa
    • Asia & Pacific
    • Europe
    • Middle East
    • Latin America
    • US & Canada
  • Technology
  • UK
  • World
    • Africa
    • Asia & Pacific
    • Europe
    • Middle East
    • Latin America
    • US & Canada
  • Technology
No Result
View All Result
Telerisk
No Result
View All Result
Home Technology

PIB Insurance Brokers launches new telematics product

by Danielle
June 30, 2016
highway-fleet-traffic

The insurance brokers PIB have launched a new telematics policy and fleet insurance product, almost immediately following their acquisition of Channel Insurance Brokers.

The new product will use telemetry data to develop a focused risk management solution that ultimately reduces costs for fleet operators.

This marks a significant achievement for PIB Insurance Brokers that will help them and their clients. The telemetry data gathered on a regular, monthly basis will be compiled into reports, which will then be given to fleet operators.

Along with the monthly reports will come personalised risk improvement advice, tailored to the performance of each business.

This new policy will primarily place evidence on vehicle telemetry and driver behaviour monitoring in order to create a three-year risk management programme by brokers and insurers.

The risk management data this new telematics product gathers will score drivers on their performance. It is designed to help fleet managers identify specific areas of improvement, based on evidence gathered.

By reaching performance targets companies will then be able to reduce risks, including the frequency, fluctuation and severity of motor-related insurance claims. Ultimately, by preventing accidents wherever possible it will reduce insurance premiums.

The product has already been made available to numerous UK companies in a wide variety of industries. Sports brands, coach operators, couriers and waste and haulage heavy goods vehicle operators have already adopted it.

It’s no wonder that the new product has taken off. This new telematics product has definitely handed more control back to clients. Through its use, they can benefit greatly. It allows PIB to work in-depth with fleet companies, ensuring their claims are managed proactively and costs are kept to a minimum.

It also creates a more sustainable insurance environment for businesses and brokers in the long term.

Tags: Fleet InsurancePIB Insurance Brokers
TweetShareShareShareSendSendShare

Related Posts

Technology

Cisco buys cybersecurity Splunk for $28 billion in cash

September 23, 2023
Birmingham, UK’s second-largest city declares bankruptcy
Business

Birmingham, UK’s second-largest city declares bankruptcy

September 14, 2023
De La Rue - Banknotes Printing Currency
Finance

Money printer De La Rue warns on profit amid falling cash demand

April 12, 2023

Top Stories

  • Cisco buys cybersecurity Splunk for $28 billion in cash
  • French supermarket chain Carrefour sticks price warnings on food to shame suppliers
  • Birmingham, UK’s second-largest city declares bankruptcy
  • Defective airbags: US transport agency urges recall of 67 million airbag parts
  • Money printer De La Rue warns on profit amid falling cash demand
telerisk-logo

About us

Telerisk delivers business, financial and technology risks news, providing analysis, trends, opinions and more.

Follow us

© Telerisk Media Limited – All rights reserved.

No Result
View All Result
  • About
  • Europe
  • Home
  • Latin America
  • Middle East
  • Technology
  • UK
  • US & Canada
  • Video
  • World
    • Africa
    • Asia & Pacific

© Telerisk Media Limited - All rights reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?