A transportation insurer in the U.S. says carriers that install dash-mounted cameras could see immediate savings on insurance premiums as well as long-term benefits of reduced claims.
Insurer, RLI Transportation, and Samsara recently announced a new partnership to provide transportation customers with a complete video-based safety solution. In addition to free Samsara AI dash cams, RLI customers who participate in the program will receive a discount up to 5% on their insurance premium.
Through the partnership, RLI will use incident and safety data to better serve their customers with tailored safety programs and training, as well as data-driven underwriting and claims decisions.
“Transportation companies are increasingly emphasizing safety and loss control,” said Mike Haswell, vice president of business development and retention, RLI Transportation. “Our partnership with Samsara will help our customers be more proactive and smarter about managing costs and keeping their drivers safe.”
Haswell called the partnership a “smart solution” for transportation companies facing rising costs. Ho noted that insurance premiums have been on the rise for the last decade across the industry. But over the last few years, a rapid increase in legal verdicts exceeding $10 million has increased the pressure on transportation companies and insurers. Some experts predict that premiums could increase 20-25% in 2020, even if a company has a proven track record of safety. This continued rise in costs has sparked a more collaborative approach to loss control, which is when insurers actively partner with their customers to identify areas for safety improvement and help them reduce costs.
“Loss costs and safety continue to be top concerns for our customers, so they are top concerns for us as well,” said Haswell. “There’s a significant need in our industry to support transportation companies with their loss control initiatives. Samsara will help us enhance the value we provide.”