Motor Fleet Insurance - Introduction - Searchlight Insurance Training

Motor Fleet Insurance – Introduction

One of the main benefits of this workshop is that it gives delegates an insight into the methods underwriters use to calculate fleet premiums.

In addition, the course covers risk management, presentation and policy cover.

The workshop will be particularly valuable for those who are relatively new to the industry or
in a role where they are responsible for supervising or training.

Time:  9.30am until 4.30pm

Level: Introduction

Duration: 1 day(s) CII CPD Hours: 6


Compare and contrast the respective features and benefits of fleet rating and NCD

Explain the role of vehicle years, frequency and average claims cost in the premium calculation process

Explain the use of verified experience forms

Describe the process of using a three year experience to calculate a future premium

Describe the cover provided by a typical motor fleet policy

Describe the methods fleet managers may use to improve claims experience


A study of the eligibility requirements of insurers regarding fleet ratings

Explanation of compulsory motor insurance legislation with particular reference to MID

The advantages and disadvantages of motor fleet insurance to insurers/customers

A comparison of fleet rating vs NCD

A description of a typical motor fleet policy cover, highlighting differences with private car insurance

A comparison of different pricing methods, e.g. fleet discount and flat rates

The claims handling process – special requirements for motor fleets

Testing (optional)