By Eelco van de Wiel, Managing Director, FleetInsurancePlus
European fleet consulting firm FleetVision has formed a unique partnership with FleetInsurancePlus to define a proper fleet insurance strategy taking into account risk profiles and corporate culture.
Optimal insurance structures, optimal pricing, improved risk profiles, enhanced reporting, and monitored supplier performance are the elements in the mix for an optimized total cost of insurance.
The difference between ‘best in class’ and the market average amounts to 600 Euro per vehicle per year
The total cost of insurance (TCI) consists of premium, insurance premium taxes, deductibles, broker fees, claim handler fees, and stop loss funds.
Unlike many other vehicle related cost categories, there is a large spread between best in class and worst in class regarding the total cost of insurance. There is a 300% difference between the lowest and the highest TCI.