INSURANCE CARRIERS AND MGAs
Transformational, Human-Centered Telematics for Insurance Carriers and MGAs
Orion’s hands-on solution delivers better drivers and better combined ratios.
Confronting the Complexities of Modern Fleet Insurance
The commercial auto insurance sector faces pressing challenges: escalating accident frequency and claims severity. Every incident can have substantial implications for insurers’ and MGAs’ financial health and relations with their policyholders and distribution.
Accurate Risk Assessment is Rarely Simple and Always Critical
Traditional risk management relies heavily on historical data and anecdotal evidence, missing the full scope of current driving behaviors. This outdated approach creates a gap in real-time understanding, hindering insurers’ ability to proactively address new risks.
Lack of Visibility, Bad Data, and Ineffective Implementation are Costing Insurers Big
Regardless of the underlying technology within a fleet or auto book deployment, the MyOrion platform standardizes the core data and reporting through one easy to use interface. While fleets can access telematics, cameras, ELD, routing, and more through one integrated solution, insurers can leverage one platform for servicing insureds ranging from hired non-owned to extra heavy auto and everything in between.
Proven Success: Orion’s Track Record in Telematics and Coaching
- Orion delivers 50%+ reductions in unsafe driving behaviors and a 30% average reduction in loss frequency for insurers
- Orion has a history of stepping in where other telematics programs have faltered. With the majority of our clients already having some form of telematics in place prior to choosing Orion, we turn potential failures into success stories, making Orion the most trusted name among insurers.
- Since 2008, Orion has maintained an exclusive focus on working with Insurers and MGAs. Not only do we know the difference between a loss ratio and a combined ratio, we also understand your rating methodologies and underwriting workflows. We also know and are comfortable working with your distribution. We tap this knowledge and experience to build programs customized to your unique needs and objectives.
Personalized Solutions for Smarter Risk Management
Orion Fleet Intelligence leverages advanced telematics to transform the management of commercial auto risks with real-time data on vehicle location, driver behavior, and vehicle health.
This wealth of information is gathered through a seamless integration of GPS tracking and onboard diagnostics, offering a comprehensive view of fleet activities:
- Analysis of Driver Behavior — including speed, acceleration patterns, and adherence to driving regulations — aids in identifying risk factors.
- Active Driver Coaching improves loss ratios by modifying risky behaviors, updating road safety education, and increasing drivers’ awareness of their own habits.
- Vigilant Program Monitoring maximizes connectivity and compliance across all fleet vehicles.
Orion’s advanced telematics data analysis equips insurers with a more nuanced understanding of the risks they take on — along with the tools to address them.
Increase Commercial Auto Profitability
Orion assists Insurers, MGAs, Captives, and their Distribution Partners to differentiate their risk transfer offerings, win and retain more accounts, optimize rates, and develop new proprietary products – all while managing underwriting profitability. From extra heavy to private passenger, local radius to long-haul, volunteer drivers to CDLs – Orion understands the uniqueness of commercial auto and its challenges.
Let’s talk about how Orion Fleet Insurance can improve your business.
Driver Coaching That Keeps the Human in Mind
- Focuses on reinforcing good habits while modifying driver behaviors that contribute to accidents and claims.
- Harnesses data-driven insights to create coaching programs tailored to risk factors identified in each driver’s behavior.
- Reduces unsafe driving behaviors by 50% within 90 days.
Enhanced Underwriting and Loss Prevention
- Pinpointing high-risk driving
- Promoting sound vehicle maintenance practices
- Program compliance – ensuring timely installation and ongoing connectivity, fleetwide.
- More informed policy selection and pricing strategies.
- Tailored data feeds on a daily basis (or at the reporting interval of an insurer’s choice).
- Competitive insurance products that are reflective of actual operational risks.
A Unique Blend of Technology and Human Insight
At Orion, we know that the synergy between the right tools, the right ideas, and the right people is the key to effective risk management.
Our commitment to personalization, smart implementation of the right technologies, customer attention, and human-focused interventions are what makes Orion your partner in success.
