Designed as a programme accessed through insurers at the point of underwriting or renewal, our unique approach aims to better understand claim causation, assess the culture of driving safety within an organisation, support long-term client retention, reduce claim frequency and cost and ultimately improve combined operating ratios.
Claim causation is a critical element as it is estimated that 71% of road traffic collisions occur due to driver distraction such as using a mobile phone, rushing to meet a deadline or fatigue. Amongst other high-risk markers, our fleet risk programme aims to uncover and address the causes using tailored remedies.
Our unique approach begins by scoring the insuring organisation’s culture of driving safety through our very own Rose Index. This short process highlights likely reasons for poor driving risks at the corporate level and makes recommendations designed to improve the culture of driving safety throughout the organisation.
Client retention underpins our unique approach by creating a direct link between successful fleet risk reduction and longer-term relationships between the insurer, broker and their client. This is because the prospect of lower underwriting risk that extends into the future offers insurers the confidence to engage with committed policyholders over the longer term.
Combined operating ratios and margins on fleet books can be improved with DriverSure and can be sustained for an extended period of cover.
Reduced premiums of up to 25% below the market average can be achieved with DriverSure’s unique approach by linking the success of the risk management programme with policy underwriting terms.
Reduced claim frequency is experienced over time by enabling progressive underwriters to offer access for their fleet clients to a tailored solution that integrates corporate level with driver level remedies designed to bring sustained downward pressure on accident rates.
Typically, we see reductions in frequency up to 40% and reductions in claim costs, and associated expenses, by up to 50%. We partner with RVM Assist to deliver specialist fleet risk management practice who carry out the process of gathering and analysing risk data, spot and diagnose the causes of high-risk driving and implement organisation and driver-level remedies which underpin the performance of our DriverSure programme. We have used three of their high profile fleets as the case studies within this document.
Before discovering RVM, we were working with some good suppliers, but we recognised we were not able to consolidate all our fleet risk data in one place, therefore it was hard for us to make meaningful decisions. The good thing about RVM is not just the scope of the service but how they consider all aspects of the gathered data. They even took on a couple of our suppliers to ensure we had a seamless transition. Since 2016 CLEAN have developed a strong working relationship with RVM Assist and they now form a key part of our risk management strategy.
Every business is assessed at organisation level for its culture of driving safety and awarded a Rose Index risk score.
Through our Rose Index assessment, key risks to driving safety are identified and prioritised with suitable recommendations.
Recommendations are implemented through Valentis Risk with independent certification issued to all stakeholders on completion.
Routine risk monitoring is implemented through Valentis Risk with material risks reported and a progress report issued every 6 months.
Any significant risks to driving safety are reported in real-time with recommendations offered immediately.
Benefits and savings are tracked throughout the insurance period and reported to all stakeholders.
We will get in touch with you as soon as we can to organise our first contact with the intention of gaining an understanding of your company and establishing how we can reduce your costs.
