The New Frontier for truck road risk assessment
Predict Rating analyses the risk of fleet trucks and drivers by providing insights over the whole policy lifecycle:
Prior to the policy submission
Predict Rating issues a quality certificate to simplify the calculation of risks related to heavy vehicles.
During the policy lifecycle
The Solution detects and monitors changes in risk as well as changes of the fleet activities ( e.g. new drivers, lack of training activity, anomalous event)
At the time of the accident
The model can provide a relevant claims dataset. This will be used to improve the risk assessment for the policy renewal and the evolution of the software
A Predictive Approach
New advanced system to select best truck drivers and to customize the insurance policy for trucks
Risk Score for heavy truck advantage
Processing of data from the digital tachograph, the algorithm can deliver risk rating factors with the aim to predict the claims frequency
Better Insurance
The rating adoption can boost the insurance pricing model through an effective fleet selection based on the expected claims frequency
Reliable Data
The risk model analyses data available through the digital tachograph system, fitted in the truck according to the EU legislation
Quality Certificate
After testing the performance of trucks, Predict Rating issues a quality certificate with a risk score for fleet ( From Triple A to C).
How Predict Risk Score Works
Based on the processing of Tachograph Data (Files.ddd), The Predict Risk Score allows companies to know in real time the fleet risk assessment with reliable data. From data upload to the final rating, Predict data processing in four and easy steps.
Fleet owners share the tachograph data (DDD Files) with Predict to get an insurance quote.
Predict system automatically applies a consistency and quality checks on the provided data set. Then, the algorithm generates the risk rating, which consist of more than 20 risk variables belonging to 5 distinct families during the processing of data: Context, Driving Behaviour, Complicance, Suspected Tampering, Traditional Insurance.
Predict generates the risk certifcate for each assessed Fleet Company, by delivering a rating factor from AAA to C aiming to show the vehicle and drivers performance.
Insurers can leverage the rating factor to adjust the price accordingly, by offering fair premiums to select the best Fleets companies.
Predict Rating® FAQ'S
Predict Rating adapts to all insurance pricing teams. The solution is designed to support insurers during the acquisition phase, to identify good truck fleet companies.
Predict Rating offers an innovative algorithm able to identify a rating for truck fleet risk evaluation.