Insights. Technology. Fleet Safety
Munich Reinsurance America, Inc. (Munich Re) Smart Mobility team has created a new approach to reducing commercial fleet risk and collisions. According to the Bureau of Labor Statistics (BLS), 40 percent of motor vehicle accidents are work-related. The National Highway Traffic Safety Administration (NHTSA) estimates that 6,000 people, including 2,400 children, are injured in fleet accidents in the U.S. every year.
By analyzing a fleet’s collision data and addressing preventable collisions with technology solutions, we enable carriers, brokers, and fleet operators to make informed decisions on how best to improve driver safety and make roads less hazardous.
Using Munich Re’s patent pending LossDetect® software, the Smart Mobility team analyzes specific causes of loss and recommends a technology-driven product that matches the needs of each individual fleet. We have partnered with leading advanced driver assistance systems (ADAS) vendors in collision avoidance, telematics, driver coaching and fleet monitoring to make Smart Mobility solutions more convenient and accessible for fleets, carriers, brokers, and captives.
Collision avoidance systems (CAS) are designed to detect an impending collision and help the driver avert the collision or reduce its severity. A CAS employs multiple sensors that are capable of identifying and warning the driver of hazards around their vehicle, such as pedestrians, cyclists, motor vehicles, and other obstructions. Many collision avoidance systems also include lane departure, blind spot, and speed limit warnings.
Telematics helps fleet managers monitor each vehicle’s performance, location, and other important readings, all in one central platform. Multiple telematics options are available either stand-alone or combined with other options, providing operational insights and savings via reporting dashboards.
While many accidents involve unavoidable factors and split-second reactions, baseline safety starts with your drivers. Our customized training options provide individualized recommendations based, and focused on improving driver performance over the long term.
Advanced Fleet Monitoring
Build a culture of accountability and safety by not only monitoring data, but also using it to make ongoing improvements. Smart Mobility’s approach Munich Re offers several solutions that provide individual driver feedback combined with an overall fleet assessment utilizing advanced analytics.
Why Smart Mobility?
- With our Smart Mobility team’s solutions, insurers are able to help customers mitigate accident frequency and severity, reduce risks, and lower operating costs. Everyone wins—carriers, insureds and drivers.
- Our solutions help captives improve commercial auto performance by decreasing losses and sharpening underwriting and claims management. Make critical decisions based on real data, provide a valuable service to your insureds and be seen as an innovative, technology-driven partner.
- Fleet owners and operators can use Smart Mobility Mobility’s approach to reduce accidents and keep their drivers safe on the job. Install and deploy effective commercial auto safety and risk mitigation technologies at “economy of scale” price points. And, since Munich Re Smart Mobility has established relationships with best-in class partners, there is no need to spend time and money on finding and evaluating the right products.