2011-06-07
By staff reporter
Motor fleet risk premiums do not need to go up each year, according to senior client risk manager for QBE, Doug Jenkins.
Outlinging the pifalls of not taking into account proactive risk management practices, Jenkins said fleet insurance costs can be otherwise contained.
"There is another way," he said. "By looking across the complete spectrum of vehicle use and researching new technology, costs can be mitigated. Today however, driving behaviour is understood to have a far wider impact not just on insurance premiums but also important areas such as fuel consumption and tyre usage."
Paul Wilkin, claims manager for QBE added that early claims reporting can have a significant impact on the loss ratio. With some considered thought and early intervention, fleet managers can influence areas that were previously thought outside of their control.
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