Insurance profiling and risk analysis
Fleet insurance often works by covering all the vehicles your business operates under one policy that is registered in the name of the company. This can result in unnecessary spend as not all drivers have the same risk level.
Insurance risk optimization helps to build flexible insurance products that fit your fleet.
CloudMade’s solution analyzes individual driver behavior and their habits and builds a comprehensive profile for all your drivers. When these profiles are turned into an industry-standard risk score, it can be easier to tune individual pricing and negotiate bundled payment with insurance providers.
- Tune individual pricing (increase/decrease) at point-of-sale of contract;
- Create flexible damage deductible levels;
- Negotiate bundled prices with the insurance provider;
- Lower insurance costs based on safety history.