This month we released a new Portfolio Risk Management feature, which gives one unified view into the entire operation, with better risk insights into fleet performance across markets.
Platform operators, across the shared mobility landscape, have struggled to get a clear overview of fleet performance across different markets and verticals.
Placing that picture together manually takes away a lot of valuable time and often isn’t still enough, since claims data on its own doesn’t tell how a single country or several markets combined, are performing.
Why This Matters
Shared mobility platform operators who want to expand across borders, need to be aware fast if a new vertical or country is dragging performance down.
On the other hand, insurers care about loss ratio trends when renewing policies.
One Simple Overview of All Your Markets
The main view offers the option to switch between one or multiple countries. On top of that, you can choose between micromobility, delivery, ride-hailing, or car-sharing options. Meaning all your assets and verticals are visible in a single unified location.
On the top section of the feature, you can look into premiums, claim frequency, average claim cost, active policies, and usage in minutes, all compared to previous data periods. This means all the key components of a well-run insurance programme are easily accessible and the inactions more actionable.
Active policies are tied to fleet size, so you immediately know when you’re overpaying on policies on assets that aren’t in use. Comparing it with usage in minutes gives an even clearer picture of where you’re overpaying. Reducing the risk of a creeping loss ratio undercutting your premium stability in the long run.
Control Over Your Loss Ratio in Real-Time
Every insurance company defines loss ratio differently, creating headaches for those operators who run multiple markets with different insurers. So making sure the right ratio is reflected for the right market or asset type is important.
This latest release saw a lot of time and effort go into refining the loss ratio overview to solve exactly this kind of dilemma that multi-market operators face. Here’s how we approached it to make it as useful as possible for platform operators.
The loss ratio overview lets you see into the uncapped loss ratio that’s the real and unfiltered picture, with every claim counted at its full cost, showing you the true risk exposure of the fleet. Capped loss ratio is what shows you the numbers besides big losses and gives you insight of uncovered risk that you may come across.
Our latest feature update also helps operators isolate the signal from the noise by giving you the ability to isolate outliers. Getting a sense of your true risk trend with or without infrequent high value claims in the picture. A separate view will showcase how bigger claim costs impact loss ratio.
For mobility platforms risk management to work in practice, operators need clear insights, not just raw streams of data. If you want to have a full and clear overview of your fleet and understand it all in an actionable way, contact us.
Do you want to have a clear overview of your fleet performance? Contact usFAQs
What is the loss ratio?
Loss ratio tells how much of the premium income is going out as claims, versus staying as margin. A low loss ratio can mean profitability or it can mean premiums are priced too high reactive to the actual risk. A high loss ratio can signal underpricing, a risk in insured assets, or a spike in claims activity. Meaning claims exceeding premiums collected, which is unsustainable long-term.
How does adaptive insurance differ from traditional insurance?
Traditional insurance is from the past, looking at historical data, putting everyone in the same bracket and charges based on that. It doesn’t matter if your assets are active or idle, the premium stays the same.
Adaptive insurance is reflecting what’s happening now. Coverage and pricing adjust on real usage and risk. This way you pay for what you use and you’re covered for what you’re doing.
How does adaptive insurance affect cost?
Adaptive insurance typically means lower costs for operators who are running well-managed operations. Pricing reflects real behaviour and usage. Increase in risk and price comes from risky behaviour, creating a direct link between how you operate and what you pay.
What is Cachet?
Cachet is the adaptive insurance infrastructure supporting the platform economy. Re-designing coverage into a system that adapts around you, supporting tools that prevent loss long-term. So the insurance is working for the platforms and people it protects. It sits between digital platforms and the insurance market, providing the technology layer that makes real-time, adaptive insurance possible at scale.
What is the value of working with Cachet as a broker?
Cachet is between platforms and the insurance market. We don’t just place a policy and step back like standard brokers. We unit data across platforms to build an accurate picture of real-world risk, using that data to secure better terms from our insurer network, and give you a single point of contact across all coverage. Smarter insurance, less admin.
