Aon has launched a new Fleet Risk Intelligence tool to help motor fleet operators understand where risk is within their fleet.

Fleet Risk Intelligence uses vehicle telematics, real-time weather patterns and contextual road data to build proprietary models incorporating artificial intelligence and machine learning, with the goal of reducing accidents, improving operations and reducing costs.

Aon hopes that its new tool will help bridge the gap between fleet operations and underwriting, enabling a “new era of collaboration” between carriers and insureds.

Curtis Scott, executive vice-president of future mobility and digital economy practice at Aon, commented: “The way goods and people are being moved is rapidly shifting, which poses new challenges for insurers in the commercial motor sector. One of the things success now hinges on is mastering the art of data-driven strategies and bespoke risk management. Aon Fleet Risk Intelligence blends client, carrier and geospatial data to equip businesses with the actionable insights they can leverage to help rein in costs, while focusing on growth and operational performance. It's a new era of smart decision-making.”

James Cowen, chief commercial officer at Aon Growth Ventures (future mobility), added: "The challenges faced by fleet operators and insurers are closely intertwined. By equipping both parties with the necessary tools to utilise mobility data most effectively, we can significantly improve risk profiles and, most importantly, reduce accidents. For insurers, Aon Fleet Risk Intelligence enhances their understanding of fleet risk profiles, allowing them to offer pricing with greater confidence.”

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