Auto Policy Underwriting
Milliman AccuRate Fleet
Driving a better commercial auto book
The perfect fit for your fleet
Milliman AccuRate Fleet® is a usage-based insurance score designed to enable more accurate pricing of fleet exposure and driving behavior risk. Developed by Milliman actuaries and data scientists, AccuRate Fleet is based on over a billion miles of commercial auto driving data and thousands of crashes.
Why AccuRate Fleet?
Risk score calculation
After 20 days of driving activity, AccuRate Fleet calculates a risk score between zero and 1000, similar to a credit score, based on inputs reflecting fleet driver behavior and vehicle exposure.
Accurate pricing ready to go
Use our extensive commercial telematics data to get accurate pricing that is approved by regulators. AccuRate Fleet can enable more refined fleet pricing and risk selection, as well as encourage safer driving behaviors that are most directly relevant to commercial fleets.
Real time underwriting
On-board diagnostic device measures driving behavior and calculates a score predicting relative crash risk for a driver, vehicle, or fleet.
Customer segmentation & retention
Insurers can improve their value to small- and mid-sized fleets by delivering operational benefits and policy discounts, while at the same time reducing claims costs and improving retention.
More than just insurance coverage
Options to leverage your data with Azuga app to improve your client’s fleet safety, reliability, and maintenance costs.
(Our Azuga partner provides a comprehensive fleet management app to 4000 customers and data from hundreds of thousands of vehicles.)
AccuRate Fleet benefts
Improve profitability
Better match price to risk and avoid adverse selection. Improve retention of customers with safer driving habits.
Reduce costs & delays
Get to market faster with lower development costs and a ready-to-use score.
Lower regulatory risk
Reduce risk of regulatory delays by using a pre-filed score.
Better fleet management
Add to client value with Azuga fleet management capabilities. Clients can gain efficiency and cost reductions through GPS tracking, vehicle diagnostics and optimized operations.
What makes AccuRate Fleet different?
Commercial auto focus
Unlike existing filed telematics scores, ours are developed on commercial auto data.
Trusted data
Milliman experts develop scores using over a billion miles of commercial auto driving data.
Approved by regulators
Our commercial auto telematics scores have been reviewed and approved by state insurance regulators for use in ratemaking.
Tailored to your business
We won’t just give you a one-size-fits all answer. Our experts will work with you to make sure the solution fits your company and risk culture.
Related services
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Claims consulting
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損害保険のスタートアップ企業
数十年にもわたって築き上げられた保険の専門性と最先端のテクノロジーイノベーションによりサポートします。
Underwriting and operations
Improve risk selection, pricing, and profitability with comprehensive underwriting services and data.
Products related to AccuRate Fleet
Appleseed
Milliman Appleseed is an advisory organization licensed to submit loss costs, rating factors, and risk scores with state insurance regulators across the U.S.