AAIS and eTech Services, Inc. are partnering to deliver telematics-enabled solutions to AAIS Member insurance carriers for commercial auto insurance.
AAIS serves the Property & Casualty insurance industry as the only national nonprofit advisory organization governed by its Member insurance carriers. AAIS delivers tailored advisory solutions including best-in-class policy forms, rating information and data management capabilities for commercial lines, inland marine, farm & agriculture and personal lines insurers. Its consultative approach, unrivaled customer service and modern technical capabilities underscore a focused commitment to the success of its Members. AAIS also serves as the administrator of openIDL, the insurance industry’s regulatory blockchain, providing unbiased governance within existing insurance regulatory frameworks.
eTech Solutions developed the Telematics Exchange, which aggregates data from policyholders’ telematics service providers through a consent process. The platform integrates with over 50 TSPs representing about 85% of the installed telematics systems in commercial vehicles today. The Telematics Exchange includes dashboards for utilization, garaging/radius, territory, speeding, and fleet footprint.
Commercial auto insurance
Through the contextual and telematics data of the Telematics Exchange, insurance companies can capitalize on eTech’s eLive Connect to assign specific interactive training to drivers. The combination of the Telematics Exchange and eLive Connect offer a powerful underwriting, loss prevention, and claims tool to identify and improve driver behavior.
Kevin Seth, President of eTech stated, “We are looking forward to working with AAIS and its many Members. The commitment of AAIS to technology and insurtech-based solutions is critical to addressing commercial auto trends.”
John Kadous, Vice President of AAIS Personal Lines and Auto stated, “AAIS is committed to the development of a comprehensive, technology and data-supported commercial auto program. We are excited about the new value our partnership with eTech will deliver to our Member carriers in this challenging market.”
