At a glance
- We’ve teamed up with Insurance Age to sponsor the SME: Now and Future series.
- The series examines how the SME market, across all sectors is changing and developing.
- In this article we talk about the effect new vehicle technology will have on small fleet insurance.
Technology is radically changing the way brokers should be approaching finding cover for commercial cars and vehicles.
The commercial cars and vehicles rolling off the production line today are a different breed to those of even recent years. They incorporate greater levels of technology than ever before and many come with a host of advanced driving assisted systems (ADAS) fitted as standard. Rain sensors on windscreens and assisted parking technology are commonplace and there is a growing prevalence of more sophisticated radar and emergency breaking systems. These are welcome developments, but they have significant implications for insurers in terms of average claim costs.
Mark Bramhall, head of technical motor underwriting commercial lines at Zurich talks in depth about the ways technology will impact small fleet premiums and claims.