Milliman AccuRate Fleet, telematics risk scores for insurers and fleet managers, now approved in 40 states across the US

Business Wire

SEATTLE--(BUSINESS WIRE)--
Milliman, Inc., a leading global consulting and actuarial firm, is pleased to announce that Milliman AccuRate Fleet^® telematics risk scores have been approved in 40 states across the U.S. This milestone marks a significant advancement in the integration of telematics data into fleet insurance underwriting and risk management.

Milliman AccuRate Fleet is a usage-based insurance score designed to enable more accurate pricing of fleet exposure and driving behavior risk. After 20 days of driving activity, AccuRate Fleet calculates a risk score between zero and 1000, similar to a credit score. Based on over one billion miles of commercial auto driving data, insurers can leverage AccuRate Fleet’s telematics risk scores for real-time underwriting, customer segmentation and retention, and risk management. And because AccuRate Fleet’s scores are filed through Milliman Appleseed, insurers can now access pre-filed scores that have been approved by regulators in 80% of the U.S.

"We are thrilled to receive approval in 40 states for our AccuRate Fleet telematics risk scores," said Peggy Brinkmann, Principal and Consulting Actuary at Milliman. "This approval is a testament to the reliability and effectiveness of our telematics solutions in transforming fleet insurance underwriting. Our technology not only helps insurers better understand and manage risk but also rewards fleet operators who prioritize safe driving practices."

The AccuRate Fleet platform empowers fleet managers to make informed decisions to improve safety and efficiency while potentially reducing insurance costs. With detailed analytics and reporting capabilities, fleets can gain valuable insights into driver performance, identify areas for improvement, and implement targeted training programs.

Learn more about Milliman AccuRate Fleet and its telematics risk scores or contact [email protected] with questions.

About Milliman

Milliman leverages deep expertise, actuarial rigor, and advanced technology to develop solutions for a world at risk. We help clients in the public and private sectors navigate urgent, complex challenges—from extreme weather and market volatility to financial insecurity and rising health costs—so they can meet their business, financial, and social objectives. Our solutions encompass insurance, financial services, healthcare, life sciences, and employee benefits. Founded in 1947, Milliman is an independent firm with offices in major cities around the globe. Visit us at milliman.com.