Fleet insurance firm Telefleet has partnered with Masternaut and WNS Assistance to launch a new solution that integrates telematics, insurance products and claims management to help reduce fleet premiums.
Aimed at LCVs as well as cars and said to be a first in the market, the solution combines Telefleet’s A+ rated underwriting specialism with Masternaut’s technology and first notification of loss and claims management from WNS.
Developed to reward safe driving performance and available via brokers throughout the UK, the solution sees Telefleet work with clients to assess and manage road risk and tailor insurance products accordingly. Using the claims management services will also drive down claims expenses and result in lower insurance premiums.
A company spokesperson said the solution is suitable for fleets with more than 40 vehicles “where there a real desire to understand and manage both the costs and risks associated with running company vehicles” – this also includes grey fleet vehicles.
They added: “Telefleet is also interested in working with distressed fleets where poor historic claims performance requires remedial action through the application of telematics, driver analytics and improved claims reporting culture. Telefleet has seen examples of average claims reporting in excess of 20 days which has an immediate knock-on effect in claims costs – claims reporting needs to be less than 24 hours.”
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