Fuse Fleet launches app for insurance brokers
Fuse Fleet launches app for insurance brokers | Insurance Business Australia
Motor & Fleet
Fuse Fleet launches app for insurance brokers
Move aims to elevate driver safety
Motor & Fleet
By
Roxanne Libatique
Underwriting firm Fuse Fleet has unveiled a new mobile app aimed at insurance brokers.
This app is designed to elevate driver safety standards while ensuring that insurance premiums are set more equitably.
According to Fuse Fleet, a notable 75% of Australian fleets lack insurance policies that integrate safety and claims processing, a gap the firm aims to bridge.
New mobile app
Fuse Fleet’s new app facilitates brokers in proposing this insurance solution to companies, allowing them to experience firsthand the benefits of linking insurance directly with driver safety measures. Additionally, the app serves as an introductory platform for brokers to present these connected solutions to potential clients before any formal engagement is made.
Since its Australian launch by the DKG Group in April 2023, Fuse Fleet has witnessed a continuous growth in its client base.
Fuse Fleet director Luke Kelly emphasised the variability in individual driving patterns, pointing out the company’s findings that differentiate drivers into high and low-risk categories.
“We recognise that every driver on the road has a unique driving style, and this doesn’t change just because you’re behind the wheel of your boss’ vehicle. Our data has found that 15% of drivers rate as high-risk drivers and 85% rate as low-risk. It’s essential that insurance premiums accurately reflect each driver’s safety level to mitigate accidents and promote fairer premium pricing,” he said.
Fuse Fleet deal
Fuse Fleet’s partnership with Greater Than has been instrumental in leveraging AI to transform GPS data from fleet vehicles into a unique Crash Probability Score for each driver, the company said.
This process not only facilitates targeted safety feedback for fleet operators but also enables precise pricing of client premiums based on individual risk assessments.
Related Stories
Keep up with the latest news and events
Join our mailing list, it’s free!
