According to PropertyCasualty360.com, the cost of vehicle crashes has increased 20 percent in the past three years. Driving these costs are medical care expenses, which now outpace the Consumer Price Index, along with higher bodily injury and property damage payments.
Fleet managers are using their telematics data to improve overall fleet safety and individual driver behaviors. Managers can score and rank drivers using parameters such as the number of events recorded in total, per driver, per set number of miles, and type of event.
However, it is important to understand how reporting methods and scoring should be set up to properly interpreting drivers’ scores. Setting the right parameters and interpreting telematics scores helps managers identify the root causes of unsafe driving behaviors. For example, Liberty Mutual recommends evaluating each driver’s performance against the median, rather than the average. The problem is that a few bad performers can drive up the average event rate, leaving mediocre drivers looking like excellent performers.
Peter Vandyne's post, Using Telematics To Improve Driver Performance In The Construction Industry, discusses suggestions and recommendations from Liberty Mutual's recent presentation at the 2016 IRMI Construction Risk Conference. It will help you see the bigger picture.