TruckerCloud to use data analytics in underwriting, loss control

Telematics data firm TruckerCloud said Thursday that QEO Insurance Group will use TruckerCloud’s driving, safety and fleet performance data analytics in its underwriting, loss control and claims management for its commercial auto and transportation lines.

Utilizing TruckerCloud’s platform will allow QEO to incorporate real-time telematics and video data; verify VINs against live telematics data, ensuring accurate vehicle identification; use behavioral, usage, and safety metrics to inform underwriting; use continuous feedback loops like alerts and safety score analytics to bolster loss control and safety by helping fleets reduce risky behavior before it leads to losses; and speed up claims management.

MGA QEO Group LLC struck a deal in October 2017 with Clear Blue Financial Holdings for QEO to write its commercial automobile insurance program on Clear Blue’s insurers, Clear Blue Insurance and Clear Blue Specialty Insurance.