Amerisure and IMS Team Up on Fleet PAYG Cover

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 on a commercial fleet usage-based insurance (UBI) telematics program in Michigan.

While many commercial lines insurers have been negatively impacted in recent years by inadequate rates, increased claims frequency, spiking severity trends, and increasing premium leakage, Amerisure has taken a proactive approach. Under this agreement, IMS will provide Amerisure with commercial fleet telemetry technology that collects data and delivers a driver behavior-based score for analysis, provides recommendations for participant improvement, and enables credits toward insurance premiums based on IMS’s scoring model.

“Our premium savings approach is unique because it focuses on how fleet drivers behave, rather than the distance they drive,” said Kevin Clary, vice president of risk management at Amerisure. “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, cellphone-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,” said Lorie Goodmann, chief revenue officer at IMS. “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.

About alastair walker 8755 Articles
20 years experience as a journalist and magazine editor. I'm your contact for press releases, events, news and commercial opportunities at Insurance-Edge.Net

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