Managing Your Total Cost of Risk in a Downturn Economy

Mike Gramm, SVP of Insurance, Idelic
Dr. Alex Leslie, Research Associate, ATRI
David Bauer, Vice President, State & Tax Policy, ATA

With experts predicting a global recession in early 2023 and skyrocketing insurance rates rising by 7.4% in 2022, fleets are increasingly needing to understand their Total Cost of Risk (TCOR) to manage rising expenses and maintain profitability.

More than insurance premiums paid, retained losses and administrative costs, TCOR includes the total cost of the items that fleets are responsible for, such as insurance premiums, retained losses in the form of deductibles and uninsured losses, indirect costs of claims and administrative costs.

Watch now to hear economic and insurance experts discuss the following:

  • Why understanding and managing TCOR in 2023 is more important than ever
  • Economic predictions that impact the commercial auto fleet industry
  • What fleets can do to lower their TCOR and find cost savings
  • What fleets can do ahead of their next insurance renewal to stabilize insurance rates