FMG’s Integrated Risk Solution Rated ‘Impressive’ by Broker and Insurer after Unlocking Value for Lo
Publish date: 11/05/2022
As the UK vehicle parc continues to evolve in terms of size and composition, vehicle technology continues to advance and with it the generation of more and more data… all of which pose new and additional challenges for fleet managers to continue to control costs, mitigate risk, improve safety standards and transition to new technologies across their entire supply chain.
At FMG the enhancement of their Risk proposition, to feature FMG Indicate, a new risk portal designed to aggregate multiple data sources to generate insight that drives relevant intervention actions to mitigate vehicle and driver risk, providing greater transparency on the return on investment, has been welcome news to their client base.
One of these clients, Safestyle, has been a customer of the business since 2011, utilising a number of services from the FMG portfolio, including telematics, driver behaviour solutions and accident management. They have recently migrated over to the new risk solution where they are looking to aggregate additional fleet data sources to enrich their existing insight and have already been praised by their broker and insurer for the way in which they manage their fleet and drivers.
Safestyle Head of Transport, Steve Lambert commented, ‘Our drivers use the FMG portal to review and assess their own driving behaviour and make positive changes to their driving habits based on the general awareness and understanding of the implications of the associated risks. The system provides the foundation for my team and I to manage our driver community more efficiently, as well as encouraging and embedding driver best practice. We’ve seen some great results with lower incident frequency and severity through empowering our driver community with the right tools and knowledge, with recent in-house data showing a 5% reduction in incident rates. A reduction in insurance premiums, by some 13%, along with lower excess value has been realised as a direct result, after our risk management was rated ‘impressive’ by both our broker and the insurer.’
Dave Parry, Commercial Director at FMG, commented, ‘We have the expertise, experience and infrastructure required to provide clients and businesses with a comprehensive suite of solutions. We are proud of our seven-year relationship with Safestyle, with our fully integrated risk and incident management solution minimising incidents and mitigating claims costs. The addition of FMG Indicate into their portfolio will take the plethora of data available, consolidate that data and turn the insight into further risk reduction actions and results.
All of our risk products have features which greatly improve the fleet management experience and improve safety both on and off the road. There’s no greater testimonial to this than the words of our own clients.’