The commercial auto insurance industry is shifting. And how it underwrites, prices, and sells fleet insurance is creating new profitability challenges. The industry clearly needs a fundamental change. Incremental optimizations have yielded eight straight years of red ink. To save commercial auto insurance for fleets and insurers, something needs to change.
To change negative driver behaviors, it’s not enough to track your drivers. You have to coach them towards a perfect safety record – but how exactly is this done? Here are Fairmatic's three steps to implementing a successful driver coaching program.
What is the future of autonomous vehicle insurance? It is a question that grows more important every day.
With companies like Toyota, Uber, and Google, currently working to perfect the technology, the question is not will autonomous vehicles fill our roads, but when?