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Risk in Context Podcast: Using data to improve fleet safety and insurance outcomes

Marsh leaders discuss the daily challenges faced by fleet owners and explore how technology-derived data can be leveraged to better manage risks.

Owners of large fleets are confronted with a multitude of risks that can have far-reaching consequences for their drivers, other motorists, pedestrians, and their business. Aside from the threat to safety, collisions and other incidents could lead to increased repair, replacement, and insurance costs that could impact an organisation’s finances.

But advanced technology, particularly telematics, can provide fleet owners with a wealth of data that allows them to identify specific challenges and proactively address risks, potentially reducing the number of incidents and lowering associated costs. Making the necessary data-based safety improvements can also help fleet operators lower insurance costs.

In this episode of Risk in Context, Paul Woodward, Head of Casualty at Bowring Marsh in the UK, speaks with Rich Bleser, Fleet Specialty Practice Leader within Marsh’s Advisory Practice, and Alasdair MacKechnie, Casualty Underwriter at Inigo Insurance Syndicate in London. They discuss the daily challenges faced by fleet owners and explore how technology-derived data can be leveraged to better manage risks.

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Key takeaways

Data-based insights allow for more targeted risk mitigation actions

Driver- and vehicle-specific information derived from cameras and other telematic technologies can help fleet owners identify at-risk behaviours and take targeted actions to mitigate risks.

Modifying at-risk driver behaviours can help improve fleet safety

Data-capturing technologies, such as cameras, can flag problematic behaviours and allow fleet owners to provide driver-specific coaching that reduces risks and leads to lasting changes.

Sophisticated monitoring systems can support loss reduction goals

The ability to monitor driver behaviours and identify and address at-risk conduct can help organisations lower both the frequency and severity of collisions and other incidents.

About our speakers

Paul Woodward

Paul Woodward

Head of Casualty, Bowring Marsh

Paul Woodward is the Global Casualty Leader for Marsh's international placement division, Bowring Marsh, based in London. With a focus on complex risk managed clients, he spearheads the implementation of global placement standards and strategies, and innovative insurance solutions for clients. He's responsible for delivering Bowring Marsh's comprehensive casualty resources, leading the placement team, shaping marketplace strategies, and crafting innovative solutions.

Rich Bleser

Rich Bleser

Fleet Specialty Practice Leader, Marsh Advisory

Rich Bleser is the Fleet Safety Practice Leader within Marsh Advisory’s Workforce Strategies Practice. Based in Milwaukee, he has served as a resource to a variety of fleets, and assists fleet operations, big and small, with assessing their current safety management controls, implementing best practices, and monitoring success. He concentrates on developing customised solutions engaging managers and drivers in safety. He also helps organisations select, implement, and optimise the use of advanced safety technologies and address challenges in recruiting and retaining quality drivers and managers.

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Alasdair  MacKechnie

Casualty Underwriter, Inigo Insurance

Alasdair MacKechnie is a technical underwriter at Inigo Insurance Syndicate. Based in London, he has over a decade of experience in the transportation liability sector. With an interest in the interplay between insurance and technology, he is an advocate for the increased utilisation of telematics to mitigate risk and accelerate the claims investigation process. While at Inigo he has spearheaded the development of a partnership with Samsara that has integrated the analysis of telemetric data into the underwriting process. 

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