Home > Resources > Whitepapers > Lowering commercial automotive insurance costs

Lowering commercial automotive insurance costs

As safety technologies become more sophisticated, companies have more visibility into the behaviors of employees out on the road. With seemingly endless increases in insurance premiums, thanks in part to escalating legal settlement costs and economic corrections, can companies use this new level of visibility to take control over commercial insurance costs?

Spotlight

One Inc

We understand how paramount the customer experience is to a carrier's success. That's why our mission is to help insurance companies thrive by providing cutting-edge technology which places customers at the center of every transaction. From premium payments to claims disbursement, we ensure a hassle-free experience for everyone involved. With a dedicated team of over 660 experts focused on the insurance industry, One Inc is equipped to solve even the most complex use cases for our carriers. We understand the intricacies of the insurance landscape and have the expertise to navigate them successfully. Our commitment to delivering exceptional solutions has earned us the trust of over 240 successful insurance companies who have harnessed the power of One Inc. One Inc's commitment to innovation is evident through our partnerships with leading core systems like Guidewire, Duck Creek, Origami Risk and more. By leveraging these collaborations and maintaining one of the largest networks

OTHER WHITEPAPERS

Best practices for increasing policyholder retention and satisfaction

whitePaper | February 3, 2020

The U.S. property and casualty (P&C) insurance market continues to rank among the most competitive in the world, and the competition is only getting stiffer. In an effort to differentiate themselves from the competition, many insurance carriers have turned to aggressive pricing in the form of lower premiums for policyholders. Still others have tried to pull ahead of the pack with self-service claims models or other specialized insurance products.

How to Become an Insurance Innovator with Liferay DXP

whitePaper | June 15, 2023

In 2018, a PWC industry report1 indicated that 44% of those surveyed did not believe existing insurers would survive in their current form. The industry is moving into an era called “Digital Insurance 2.0”2 and many insurers are struggling to keep up with its accelerating pace. The shift was born to support new technologies, processes and a market of predominantly Gen Z and Millennial customers. Digital Insurance 2.0 is centered on becoming more customer-centric across operations, people, technologies and processes.

Insurtechs Demand A Platform Designed For Their Unique Needs

whitePaper | June 6, 2023

Claims aren’t the first consideration for most insurtechs. The focus is rightfully on back-end development, product development, and creating all the systems and workflows to bind a policy and service customers.

General insurance code of practice

whitePaper | September 15, 2022

Australia’s insurance industry is undergoing the biggest regulatory and compliance changes in its history. This report details how the changes directly impact insurance companies; outlines the penalties for non-compliance; and shows how you can not only meet the compliance requirements, but improve the business as a result.

Understanding the NAIC Insurance Data Security Model Law

whitePaper | September 10, 2022

State governments, not federal agencies, have preeminence over the insurance industry (as defined by the McCarran-Ferguson Act of 1945). Thus, it is up to each state to pass and enforce laws governing insurance companies. Each state has its own chief insurance commissioner to manage this function.

2020 Global Insurance Outlook

whitePaper | January 10, 2020

The annual EY Insurance Outlooks represent a perspective on key issues shaping the industry in the near term (three years). They complement the NextWave series, which takes a longer-term perspective (five years and beyond) and examines specific market scenarios that will shape the future of the industry.

Lowering commercial automotive insurance costs