Independent broker Radius Insurance Solutions has launched onboard, a new offering for the fleet insurance market which it says can help customers to increase fleet safety by 30% and reduce insurance premiums by up to 15%.

The product uses an algorithm that leverages telematics data and is designed to help businesses to manage their fleets with simple inputs, reducing claims frequency and keeping their costs low. It was created by analysing data from Radius’ own telematics devices.

Designed for small and medium fleets between two and 20 vehicles, onboard works in line with Radius telematics devices. After processing driving data, the algorithm sends its insights directly to each individual driver via the onboard app, as well as to the policy holder, to coach driver performance and reduce insurance costs.

Each driver receives a score based on their road safety. They can also see where they place among their colleagues, receiving weekly stats showing improvements in performance and be rewarded. The intuitive software also suggests interventions, as well as e-learning, to keep drivers safe on the road and provide them with ongoing education.

Matt Kirby, managing director at Radius Insurance Solutions, said: “This latest product offering will give fleet operators an opportunity to maximise their telematics devices more than ever, as they can ensure drivers are working in the safest way, whilst reducing insurance costs and claims at the same time. Using data from our Radius telematics devices means that with this intuitive product we’re armed to help our fleet customers predict and prevent crashes before they even take place.”

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