Solera has moved to support self-insuring commercial fleets by minimising risk through advanced technology.
A growing number of commercial vehicle operators are choosing to self-insure or are raising their risk appetite through larger deductibles, due to the insurance market’s continued hardening and other contributing factors.
Solera’s SmartDrive platform helps fleets manage risk. It combines AI-enabled video, advanced analytics, telematics and compliance apps to improve fleet safety by monitoring driver behaviour and providing interventions and training when required.
In the event of a collision, video technology can help mitigate the risk by providing an unbiased record along with information on the reason, such as driver distraction or weather conditions.
Jog Lall, business development director at Solera, said: “As more fleets self-insure, SmartDrive technology can help reduce insurance costs and the number of accidents. In just one instance, a logistics firm saved £15m a year by self-insuring and reducing the number of accidents by deploying this technology. It’s important that commercial fleets use the latest technology available to ensure they continue to generate the best possible operational efficiencies.”
The cloud-based platform is designed to provide a complete overview of fleet safety, and the technology offers evidence instantly in the case of a road incident. Every incident video is stored in the cloud and reviewed by a customer centre staffed by 600 analysts who observe, apply a score and share the information with the user.
The platform’s AI understands and monitors driver behaviour and road conditions, and provides guidance to improve driver skills.
SmartDrive is part of Solera’s Fleet Solutions, a digital hub that supports fleets by proactively eliminating risk and optimising operational performance.
