View this article online: https://www.insurancejournal.com/news/midwest/2023/01/25/704583.htm
Sentry Insurance, a leading provider of commercial trucking insurance, has announced a telematics program with Motive that will give customers up to 5% on their Sentry premiums for sharing their electronic logging device (ELD) and dash cam data from the Motive platform with the insurer.
Motive is a software development company that combines IoT hardware with AI-powered applications to connect and automate physical operations.
“Up front, our customers save money on their premiums,” said Nick Saeger, Associate Vice President of Products & Pricing for Sentry. “Long-term, the data we gather through Motive will help us bolster our safety programs and in-house claims service even further. Telematics data could also serve as the next pricing frontier.”
Stevens Point, Wisconsin-based Sentry, which insures more than 7,000 trucking customers and 48,000 units, will provide customers who share their ELD data up to a 3% premium discount. Customers who share ELD and dashcam data will receive up to a 5% discount.