Solutions

Risk Managed Insurance

Telematics-enhanced risk management designed for insurance

It’s no secret that losses in commercial auto insurance lines have persisted for the past 7 years, despite consistent increases in premiums. Why? Because pricing and technology levers don’t change the underlying risk, meaning losses remain the same or worsen.

The Next Generation of Telematics Insurance

Risk Managed Insurance (RMI) by eDriving goes beyond rating and pricing to solve the profitability issue. We attack the real issue – losses. RMI uses sophisticated techniques to identify the scope of the risk, and deploys state-of-the-art risk mitigation tools to reduce collisions/incidents/injuries and near-misses, an approach that can dramatically improve the performance at both the customer and portfolio levels.

RMI’s multi-faceted Loss Control program is composed of the following:

  • Customer loss analysis using Munich Re’s LossDetect® tool
  • Customer risk assessment using eDriving’s online scored assessment
  • Recommendation deployment and monitoring based on LossDetect® and risk assessment results
  • Complete reporting to Underwriters of LossDetect® and risk assessment results
  • Mentor by eDrivingSM – A comprehensive driver risk management program that helps organizations to reduce collisions, injuries, and license violations, resulting in bottom line improvements for customers and insurers, alike. The program includes eDriving’s patented five-stage, closed-loop approach to driver risk management and adds Mentor’s smartphone technology that captures individual driver risk behavior, a FICO® Safe Driving Score validated to predict likelihood of crashes/incidents, gamification, and in-app micro-training to reduce driver risk levels. Learn more about Mentor here.
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We empower insurance partners to create powerful customer opportunities and harness the broad reach and depth of our driver education platforms to build a behavior based insurance offering which is focused not only on scoring the driver behavior, but improving driver safety and reducing total cost of ownership for their clients.
Ed Dubens

CEO/Founder, eDriving
Insurance CIO Outlook, Sept. 2019

Deeper Insights, Higher Confidence

Looking for an even more thorough evaluation of your commercial auto business, with deeper insights re losses and opportunities? Additional options include:

Benchmarking

Best practice calls for evaluating performance at the portfolio, business segment, driver, team, and organization level and comparing against best practice results and strategies. To facilitate this process, eDriving provides:

  • DriverINDEX® platform integrates disparate driver data including telematics, collisions, incidents, MVR/license violations, and driver assessment data into ONE SYSTEM, providing an unprecedented view of total organizational risk.
  • Monthly / Quarterly, and Annual analytics
  • Portfolio / Country / Organization / Division Scorecards
  • Industry Benchmarks
  • Global Crash, Incident and Near-Miss Reporting Systems
  • NEW: eDriving LEADING INDICATORS Annual Benchmarking Report
Commercial Auto Risk Solutions (CARS) Assessment by Munich Re

The CARS initial evaluation consists of a portfolio-level LossDetect® loss analysis and a series of interviews with Company Management, Underwriting, Distribution, Pricing, Claims & Fraud Control, and IT/MIS aimed at understanding the loss drivers and savings potential within the auto portfolio, along with insights re underwriting, claims processing and data systems. Recommendations focus on portfolio concerns and opportunities across all affected groups and systems.