Munich Reinsurance America, Inc. has unveiled its Smart Mobility Program offering a toolbox of solutions to address the complex issues surrounding commercial auto losses and to help reduce or avoid the risk of collision for commercial fleets.
Smart Mobility includes LossDetect™ (patent pending), an automated text-mining tool that analyzes automotive claims data and recommends potential solutions.
Munich Reinsurance America’s LossDetect portal analyzes unstructured auto claims data to determine causes of loss and matches that with one or several of the Smart Mobility Program tailored solution(s) to assist in helping to reduce auto collisions:
- Collision Avoidance – Utilizes aftermarket collision avoidance products that are designed to warn of driving behaviors that could lead to an accident such as speeding, tailgating, lane departures, etc.
- Telematics – Captures vehicle performance and driver characteristics via an in-vehicle OBD device or a mobile app to offer operational insights (e.g., driver distraction) and savings via a reporting dashboard
- Driver Coaching – Customized training focused on improving individual driver safety
- Advanced Fleet Monitoring – Solutions that provide individual driver feedback and fleet assessment using advanced analytics to help monitor training and driver performance and benchmark against internal/external performance analytics
The Smart Mobility Program is available to insurance company and broker clients, public entities, and small to mid-size companies with commercial fleets. The LossDetect portal can be accessed by all commercial fleet owners as well as Munich Re America customers.
Source: Press Release Munich Re