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Webinar Overview:
Gain CPE credits and explore the use of telematics as a risk management resource in this NAFC webinar.
Recently, the amount of telematics data from fleet vehicles has dramatically increased—there’s now 25 times more data available from fleet vehicles compared to all personal Usage Based Insurance programs combined. Consequently, more trucking firms are being requested to provide their driving data. Modern trucking companies are proficient at utilizing telematics data to assess Total Cost of Ownership; however, few have incorporated their exposure data into a financial framework that predicts Total Cost of Risk. Accessing telematics and ELD data enhances the precision of an underwriter’s pricing for risk transfer. As a finance professional, it is essential to understand the significance of your benchmarks prior to them being reviewed by the underwriter. The first portion of this webinar will give an overview on how to benchmark your fleet’s risk profile to develop a data-driven, transparent alternative to traditional underwriting practices. The speakers will delve deeper into this subject at NAFC’s Annual Conference from June 10-12 in Indianapolis.
The second part of the webinar will offer a platform for the NAFC Risk Management Study Group to engage with the presenters and learn from fellow members. This segment will cover important risk management topics and share best practices to tackle various issues. The NAFC Risk Management Study Group confronts a broad array of insurance, risk management, and business challenges including workers’ compensation, vehicular liability, physical damage, self-insurance, workplace safety, best practices, and loss prevention.
About the Speakers:
Chris Carver, Vice President of Insurance Services at SpeedGauge, Inc., has pursued a nearly 30-year career focused on employing technology in transportation risk management. His experience ranges from telematics sensor development to vehicle dynamics analytics. Following four years of leading Liberty Mutual Insurance’s acclaimed Commercial Lines telematics risk management program, he established the Clearinghouse to provide an open platform for telemetry data across the commercial insurance sector. This initiative aims to create a more equitable way to assess risk using connected-vehicle data. Before his tenure at Liberty, Chris co-founded FleetPoint, which provided web-based fleet risk management services centered on road data collection. He holds a Master of Engineering from Cornell University and an MBA from the University of Pittsburgh.
Ryan Erickson, Senior Vice President at McGriff, Seibels & Williams, Inc., specializes in developing and implementing intricate risk management programs for large and mid-sized transportation companies. His expertise encompasses traditional risk placements, as well as insurance captives and self-insurance assessments. Ryan is actively engaged in several American Trucking Association initiatives, delivering presentations at the ATA Mid-Year Management Conference and serving as a board member of the National Accounting and Finance Council, where he is also the Risk Management Study Group Chair.
Members of the National Accounting and Finance Council (NAFC) can earn an hour of CPE credit by attending this webinar. For information regarding CPE and membership, please reach out to Jenny Wieroniey at jwieroniey@trucking.org.
This webinar is classified as a “Group Internet Based” offering with no prerequisites necessary. NAFC is recognized by the National Association of State Boards of Accountancy (NASBA) as a continuing professional education sponsor on the National Registry of CPE Sponsors. State boards of accountancy maintain final authority on the approval of individual courses for CPE credits. Any complaints concerning registered sponsors can be sent to the National Registry of CPE Sponsors, 150 Fourth Ave North #700, Nashville, TN 37219.
NOTICE: ATA webinars are purely educational for our members and are not press events. The information shared during this webinar is not to be used for producing, editing, or creating news or analysis materials. Participants are prohibited from using the content as background for published articles, white papers, or additional communication. Thus, all information from this webinar is strictly embargoed and confidential.
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