SEATTLE, Nov. 14, 2022 /PRNewswire/ — Milliman, Inc., the premier international consulting and actuarial agency, at present introduced that Pouch Insurance Services has chosen Milliman AccuRate FleetTM as its platform for usage-based insurance scores. AccuRate Fleet is a usage-based insurance score designed to allow extra correct pricing of fleet publicity and driving habits danger. Developed by Milliman actuaries and information scientists, AccuRate Fleet is predicated on over a billion miles of commercial auto driving information and 1000’s of crashes.
“The Milliman AccuRate score allows us to offer extremely fair and accurate pricing to our customers and rewards them with lower rates for driving carefully and managing their fleets,” says Steve McKay, CEO of Pouch. “Milliman’s combination of statistical and regulatory expertise made the process a win for us.”
Milliman AccuRate Fleet is a danger score relating driving habits to the probability of a crash, and permits commercial auto insurers, MGAs, and startups to higher match worth to danger and enhance retention of prospects with secure driving habits. Unlike present filed telematics scores, AccuRate Fleet is developed utilizing over 2.7 billion miles of commercial auto information. These scores have been reviewed and authorized by state insurance regulators to be used in ratemaking.
“We are excited to help Pouch accelerate the launch of their innovative commercial auto program,” says Peggy Brinkmann, a Milliman principal and consulting actuary. “The Milliman AccuRate Fleet score not only helps programs like Pouch’s better match rate to risk, but also get to market quickly since it’s been approved in 27 states and counting.”
To study extra about Milliman AccuRate Fleet, go to https://us.milliman.com/en/products/milliman-accurate-fleet
About Milliman
Milliman is amongst the world’s largest suppliers of actuarial and associated services and products. The agency has consulting practices in healthcare, property & casualty insurance, life insurance and monetary companies, and worker advantages. Founded in 1947, Milliman is an unbiased agency with places of work in main cities round the globe. For additional info, go to milliman.com.
About Pouch
Pouch rewards small companies for secure driving. With immediate quotes, easy join, and discounted charges primarily based in your precise driving, Pouch affords a quicker and smarter means to purchase commercial auto insurance. With Pouch, small business house owners can higher monitor and handle their fleet and decrease their payments. Learn extra at pouchinsurance.com.
SOURCE Milliman, Inc.
