Tuesday, October 11, 2011 4:21:00 PM

Having served over 600,000 light and heavy trucks, busses, and specialty vehicles of every kind for over 20 years, we know that the Driver’s Alert SMART RISK™ Program saves lives, prevents and reduces accidents, and lowers costs dramatically – within the very first year.

Three separate insurance companies conducted studies of their clients using Driver’s Alert, and compared actual statistics of crashes, DOT-reportable accidents, losses and costs for 1 or 2 years prior to using Driver’s Alert, and for 1 or 2 years after enrolling with Driver’s Alert.

The results speak for themselves. And we can do this for your company too - Guaranteed.

For privacy purposes we have removed the actual names of the insurance companies and the clients that were studied.

Report from Insurance Company 1

Insurance Company 1 ran a loss analysis for 28 accounts both before and after they were on the Driver’s Alert Program to ascertain whether Driver’s Alert has actually reduced their losses.

Insurance Company 1 wanted to compare each account’s one-year loss experience without Driver’s Alert to another year’s loss experience with Driver’s Alert. There were 28 accounts analyzed.

Results

Year Prior To Driver's Alert One Year with Driver's Alert
No. of Claims Total Losses Incurred No. of Claims Total Losses Incurred
418 $4,299,108 354 $1,236,173

The total number of claims filed dropped from 418 to 354,
An improvement of 15.3%

The total incurred losses dropped from $4,299,180 to $1,236,173
An improvement of 71.2%

Report from Insurance Company 2

Insurance Company 2 analyzed 63 companies who were clients of Driver’s Alert, who had been insured by this company for one year prior to joining Driver’s Alert and one year after joining Driver’s Alert.

The following analyses were prepared:

  • Loss Ratio for one year prior to Driver’s Alert versus one year after joining
  • Total number of incidents for one year prior to Driver’s Alert versus one year after joining
  • Number of insureds with 0 incidents for one year prior to Driver’s Alert versus one year after joining
  • Most significant progress of an insured

Results

Loss Ratio
One Year Prior One Year After
30.63% L/R 16.7% L/R

Driver’s Alert cut their Loss Ratio by 45%

Total Number of Incidents
One Year Prior One Year After
264 incidents 178 incidents

A reduction of 33% in total number of incidents after joining Driver’s Alert

Number of Insureds with Zero Losses
One Year Prior One Year After
9 with 0 losses 26 with 0 losses

Almost triple the number of insureds with zero incidents after joining Driver’s Alert

Most Significant Case
One Year Prior One Year After
44 incidents 1 incident

 

Report from Insurance Company 3

Insurance Company 3 prepared a report on their experience with Driver’s Alert with 78 trucking companies, from 10 to 300 units, using Driver’s Alert. They compared the loss ratio and accident frequency for two years and one year prior to using Driver’s Alert with first-year and second-year results using Driver’s Alert.

Statistics across all 78 companies:

First year with Driver’s Alert (Compared against two years prior to Driver’s Alert)
  • 39% Improvement (reduction) in loss ratio
  • 56% Improvement (reduction) in accident frequency
  • 27% Improvement (reduction) in DOT reportable accidents
Two years using Driver’s Alert
  • 51% Improvement (reduction) in loss ratio
  • 53% Improvement (reduction) in accident frequency
  • 67% Improvement (reduction) in DOT reportable accidents

Insurance Company 3 also picked a 60 unit fleet with a high loss ratio prior to using Driver’s Alert and reported the following comparisons:

Element Analyzed 2 Years Before DA 1 Year Before DA 1 Year After DA 2 Years After DA
Loss Ratio 126% 57.5% 54.9% 49.3%
Accidents PMM 3.55 5.12 2.9 3.37
DOT Reportable Accidents 72 1.42 .9 .4

In comparing a smaller fleet, they chose a 14-unit fleet with a reasonable loss ratio.

Element Analyzed 2 Years Before DA 1 Year Before DA 1 Year After DA 2 Years After DA
Loss Ratio 31.5% 74.6% 1.6% 1.6%
Accidents PMM 4.6 4.6 3.6 2.8
DOT Reportable Accidents .7 .61 0 0

 

Comments are closed on this post.