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Managing data in a risky world
Effective risk management is beneficial to both the insured and the insurer; it makes the workplace safer and reduces downtime which in turn reduces claims and can drive down payouts, premiums and paperwork. It is also a key facet of compliance, and as such is central to insurers’ businesses.
A leading UK insurer discovered some exceptional insights and immediate savings that could be made after trialling Risk Solved for its motor fleet book.
In common with most of the market the commercial motor book in our client was underperforming causing them to make it a focus for underwriting improvements. After a procurement process for a risk management solution for the whole business including personal lines, SME through to corporate, Risk Solved was selected for a proof of concept on the corporate motor fleet book.