Auto Policy Underwriting

Milliman AccuRate Fleet

Driving a better commercial auto book

Milliman AccuRate Fleet

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OVERVIEW

The perfect fit for your fleet

Milliman AccuRate Fleet® is a usage-based insurance score designed to enable more accurate pricing of fleet exposure and driving behavior risk. Developed by Milliman actuaries and data scientists, AccuRate Fleet is based on over a billion miles of commercial auto driving data and thousands of crashes.

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At a glance

Why AccuRate Fleet?

Risk score calculation
Accurate pricing ready to go
Real time underwriting
Customer segmentation & retention
More than just insurance coverage

Risk score calculation

After 20 days of driving activity, AccuRate Fleet calculates a risk score between zero and 1000, similar to a credit score, based on inputs reflecting fleet driver behavior and vehicle exposure.

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Benefits

AccuRate Fleet benefits

Improve profitability

Better match price to risk and avoid adverse selection. Improve retention of customers with safer driving habits.

Reduce costs & delays

Get to market faster with lower development costs and a ready-to-use score.

Lower regulatory risk

Reduce risk of regulatory delays by using a pre-filed score.

Better fleet management

Add to policyholder value with Azuga fleet management capabilities. Fleets can gain efficiency and cost reductions through GPS tracking, vehicle diagnostics and optimized operations.

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Differentiators

What makes AccuRate Fleet different?

Commercial auto focus

Unlike existing filed telematics scores, ours are developed on commercial auto data.

Trusted data

Milliman experts develop scores using over a billion miles of commercial auto driving data.

Approved by regulators

Our commercial auto telematics scores have been reviewed and approved by state insurance regulators for use in ratemaking.

Tailored to your business

We won’t just give you a one-size-fits-all answer. Our experts will work with you to make sure the solution fits your company and risk culture.

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CONSULTING

Related services

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Products related to AccuRate Fleet

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Appleseed

Milliman Appleseed is an advisory organization licensed to submit loss costs, rating factors, and risk scores with state insurance regulators across the U.S.

Learn more

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RESOURCES