LONDON 18 June 2024 – Aon plc a leading global professional services firm, has launched Fleet Risk Intelligence to help motor fleet operators understand where risk is within their fleet. The platform aims to reduce accidents, improve operations and reduce costs.
Fleet Risk Intelligence provides actionable insights to fleet operators and drivers through sophisticated analysis based on robust datasets. Utilising vehicle telematics - such as GPS and acceleration/speed - along with real-time weather patterns and contextual road data to build proprietary models using artificial intelligence and machine learning. This arms its users with a deeper understanding of their risk profile.
Aon Fleet Risk Intelligence insights can help bridge the gap between fleet operations and underwriting, enabling a new era of collaboration between carriers and their insureds by leveraging data to drive mutual outcomes. This collaboration can help fleet operators and their insurers focus on reducing losses, while improving safety and driving profitability. When accidents decrease, customers can see benefits, such as lower loss ratios for insurers and reduced bottom-line costs for fleet operators.
Curtis Scott, executive vice-president of future mobility and digital economy practice at Aon, said:
“The way goods and people are being moved is rapidly shifting, which poses new challenges for insurers in the commercial motor sector. One of the things success now hinges on is mastering the art of data-driven strategies and bespoke risk management. Aon Fleet Risk Intelligence blends client, carrier and geospatial data to equip businesses with the actionable insights they can leverage to help rein in costs, while focusing on growth and operational performance. It's a new era of smart decision-making.”
James Cowen, chief commercial officer at Aon Growth Ventures (future mobility), said:
"The challenges faced by fleet operators and insurers are closely intertwined. By equipping both parties with the necessary tools to utilise mobility data most effectively, we can significantly improve risk profiles and, most importantly, reduce accidents. For insurers, Aon Fleet Risk Intelligence enhances their understanding of fleet risk profiles, allowing them to offer pricing with greater confidence.
“Initially developed and launched in the UK, this represents a significant milestone for the British motor-tech sector, positioning Aon and the UK at the forefront of industry innovation and critical transformation."
About Aon
Aon plc (NYSE: AON) exists to shape decisions for the better — to protect and enrich the lives of people around the world. Through actionable analytic insight, globally integrated Risk Capital and Human Capital expertise, and locally relevant solutions, our colleagues provide clients in over 120 countries and sovereignties with the clarity and confidence to make better risk and people decisions that help protect and grow their businesses.
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Media Contacts:
Colin Mayes
Aon
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+44 (0)7801 748138
FTI Consulting
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