The challenge of running a motor fleet – whether it’s half a dozen cars or tens of thousands of vehicles – against a backdrop of rising costs, the impact of technology such as telematics and increasing regulation, means effective fleet risk management is about far more than simply securing the lowest insurance premium.
A three-stage process to lower your cost of risk
At Lockton, we have developed a unique and strategic approach to motor fleet risk management which takes in three distinct stages to reduce total cost of risk; assessment, design and implementation.
Starting from a comprehensive review of your current fleet risk management including an analysis of historical claims and peer benchmarking, we will work with you to create a plan to deliver improvements in accident frequency, claims costs and operational efficiency.
We will then implement a solution which aims to deliver the lowest total cost of risk by driving and controlling all insurance market negotiations from programme design, to risk premium – presenting your risk profile and risk improvement plan to the insurers we have identified as the most appropriate for your fleet – as well as claims management.
The range of fleet services we offer includes:
- Fleet risk management strategy – review and development
- Risk financing and optimisation
- Claims analysis and management
- Peer benchmarking