How a U.S. P&C Insurer Achieved a 50% Reduction in Violations with SambaSafety
Industry
Insurance
Challenge
A top regional P&C insurance carrier in the Western United States needed deeper visibility into driver risk data across its entire book of business, scattered across multiple sources with no unified view.
Results
By leveraging SambaSafety's advanced data and analytics solution, the carrier achieved a 50% reduction in violations within its first 6 months.
Key Product
Driver Risk Assessment, Data & Analytics
About Customer
This P&C insurance carrier is one of the top regional commercial insurance companies operating across the Western United States. For many years, it has maintained a strong relationship and partnership with SambaSafety, a leading provider of driver risk management solutions.The Challenge
This P&C insurance carrier is one of the top regional commercial insurance companies operating across the Western United States. For many years, it has maintained a strong relationship and partnership with SambaSafety, a leading provider of driver risk management solutions.
The Solution
The implementation of these capabilities proved to be instrumental in enhancing the carrier's overall risk management efforts. With the power to combine its clients' driver risk data from multiple sources into a single solution, the carrier can tap into critical information for each client, as well as across its entire book of business. This visibility has allowed them to narrow down their focus to addressing the riskiest clients, enabling the carrier to confidently guide these clients into making informed decisions that effectively mitigate risk. And by harnessing SambaSafety's fully anonymized data, they can gain extensive visibility while still upholding the confidentiality of drivers' personal information.
The Results
By implementing SambaSafety's monitoring and analytics capabilities across their client base and leveraging SambaSafety's Data & Analytics solution, the carrier achieved a 50% reduction in violations within the first 6 months. This enhanced visibility and ability to collaborate with clients to identify risk and reduce violations works to help increase retention rates and offer more competitive rates at renewal.
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