Amerisure, an elite, US-based property and casualty (P&C) insurance company, and IMS (Insurance & Mobility Solutions), a global telematics solutions provider to insurers, mobility operators, enterprises, and governments, have teamed up for a commercial fleet usage-based insurance (UBI) telematics program in Michigan.
Many commercial insurers are negatively impacted by inadequate rates, increased claims frequency, spiking severity trends, and increasing premium leakage. However, Amerisure has taken a proactive approach. Under this agreement, IMS will provide Amerisure with commercial fleet technology that collects data. Then IMS will deliver a driver behavior-based score for analysis and provide recommendations for participant improvement. Additionally, IMS will enable credits toward insurance premiums based on its scoring model.
“Our premium savings approach is unique because it focuses on how fleet drivers behave, rather than the distance they drive,” Kevin Clary, vice president of risk management at Amerisure, says. “We believe this will lead to more impactful reductions in losses and will keep business owners motivated to participate in the program and improve their fleets. We are proud to be one of the first commercial insurers to utilize this approach.”
This program is just one of Amerisure’s FleetAlliance® offerings, which includes numerous tools and resources to improve fleet safety. Policyholders can select services such as dash cams, phone-blocking technology, discounted motor vehicle reports, driver behavioral assessments, and more.
“The IMS Commercial UBI Telematics solution provides Amerisure with data-driven insights that improve underwriting and overall profitability,” Lorie Goodmann, chief revenue officer at IMS, says. “In turn, fleet managers get the necessary tools that positively influence driving behavior. It’s a win-win proposition for all involved.”
The UBI telematics program officially launched the first week in March. Amerisure and IMS look forward to sharing updates and data regarding performance as it progresses.
Find out more, visit www.ims.tech and www.amerisure.com.
