While the use of telematics toolsby insurers to date has primarily been seen in monitoringpersonal-vehicle use, carriers on the commercial side are noweagerly adopting programs to tap into the wealth of knowledge atelematics system can deliver—and the initial data looks verypromising for loss ratios.
"We've seen a reduction in frequency and severity" of claims,says Scott Stevens, vice president of captive and specialtyprograms at The Hartford, which launched its FleetAhead programmore than two years ago.
Through a partnership with a telematics service provider, TheHartford's loss-control staff can work with clients to reducelosses and risk exposure, Stevens adds.
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