Operator’s premiums drop by 55% with 3G vehicle cameras18 August 2017

Commercial vehicle insurance broker First Insurance Solutions is using 3G vehicle cameras to implement risk management and reduce premiums for its fleet clients by up to 55%.

The company uses Intelligent Telematics’ IT1000 devices and one London-based fleet client has reduced its annual claims costs by 85% in the first year, resulting in a premium saving of almost £4,000 per vehicle.

Best Catering operates a fleet of 30 vehicles from its base in north London. The catering supplier was experiencing a high frequency of claims, with over 40 paid in a three-year period.

This has reduced to six, since the operator installed the IT1000 3G vehicle cameras in January 2016, three of which are being challenged using video evidence and supporting data, and less than £15,000 in paid and outstanding claims.

Best Catering has been able to defend claims successfully and engage with its drivers to encourage responsible driving and track the status of their vehicles when on the road. This, says the operator, is not only improving profitability, but also enhancing road safety across the operation.

“High claims frequency is a significant challenge for many fleets, especially those that operate in urban areas. We are finding an increasing number of businesses are looking for guidance on how best to mitigate risk, keep insurance costs down and save money,” explains Liam Chatfield, account executive at First Insurance Solutions.

“We have worked closely with Intelligent Telematics developing a highly effective 3G vehicle camera solution that can deliver proven results and provide a useful way of tackling rising premiums.”

Author
Laura Cork

Related Companies
Intelligent Telematics

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