Technological innovation improving risk in the transportation sector

Mike Shaw

Commercial Insurance Manager

04/19

Learning objectives

• Knowledge of transportation technology both

in-vehicle and associated.

• Understanding of how technology improves

insurance risks.

• Awareness of future industry developments.

• How to use your knowledge to get a competitive

edge.

Transportation technology

04/19

Safety Security

Efficiency Economy

Environmental

Technological developments

Mechanical technology:

• Lifts

• Powered trucks

• Cement mixers/volumetric mixers

04/19

Large capacity tail lifts

04/19

Powered pallet trucks

04/19

Piggy-back fork-lift trucks

04/19

Piggy-back fork-lift trucks

04/19

Cement mixers

04/19

Volumetric mixers

04/19

Digital technology:

• Apps

• Driver aids

• Fleet management

• Telematics

04/19

Defect notification App (walk around

checks)

04/19

Checking with a stick!

04/19

Commercial vehicle SAT NAV

04/19

GPS data technology

04/19

Improved digital tachographs

04/19

Lane change assist

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Lane change assist

04/19

Reversing aids:

- Cameras

- Beepers

- Messages

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Surround view technology

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Surround view technology

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Mute in reverse

04/19

Electronic PODs (point of delivery)

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Tracking systems - telematics

04/19

Claims App (FNOL)

04/19

Driver styles data using telematics

04/19

Future industry developments

Autonomous emergency braking

04/19

Face recognition

04/19

Electric vehicles

04/19

Autonomous vehicles

04/19

Autonomous vehicles - roadtrains

04/19

Getting a competitive edge

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Win and keep more transportation clients by:

• Demonstrating your knowledge of technology

• Including questions in your Fact Find

• Giving examples of how technology reduces risk

• Providing a thorough presentation for a competitive

quotation

The best risk presentation gets the best quote

Summary

04/19

In summary, today we have considered:

• The scope of mechanical and digital technology in

transportation today

• How technology improves insurance risks

• Future industry developments

• How to use your knowledge to get a competitive edge

04/19

About M R Ratcliffe Underwriting

• Transportation specialists for over 43 years

• Advice from our team of experts

• Rated insurers only

• Quick turnaround of quotes

• Non-standard risks

• Single vehicles to fleets

Contact us

Sam McQuoid 01242 544536

sam@ratcliffes.co.uk

James Stephens 01242 544501

james@ratcliffes.co.uk