Hunter Nelson shows how a trucking company cut insurance costs by $60,000 a year by presenting current safety data instead of relying on old loss runs. Traditional underwriting tools missed that the company's bad claim history was bad luck, not bad management.
because his loss runs were really bad, having data that made him actually look very good got him a way cheaper quote. See, the guy likes 60 grand a year. Huge help on that. And it's not because of some like 10% discount, it's because they looked at the data. Here's the actual stuff of it. Looks like this guy just had some really bad luck with the claims. He's actually got data that shows he's a pretty dang well-run trucking company. So we want to insure him and we're going to offer a better price because everybody else is using old school stuff with just pure loss runs and what your SAFER and CAB say, right? So having the technology, having the safety resources in place, everything on those lines is going to be a huge help.
