Aon launches Fleet Risk Intelligence

Aon is aiming to help fleets better understand where risk is within their vehicle operations with the launch of Fleet Risk Intelligence.

The new platform provides actionable insights to fleets and drivers using telematics - such as GPS and acceleration/speed - along with real-time weather patterns and contextual road data to build proprietary models using artificial intelligence (AI) and machine learning.

Fleet Risk Intelligence insights can help bridge the gap between fleet operations and underwriting, says Aon, enabling collaboration between carriers and their insurers by leveraging data.

Curtis Scott, executive vice-president of future mobility and digital economy practice at Aon, said: “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), believes that 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,” he explained.

“For insurers, Aon Fleet Risk Intelligence enhances their understanding of fleet risk profiles, allowing them to offer pricing with greater confidence.”