Fleet Insurance Programme

Fleet Insurance Programme (10 Vehicles & Above)

Fleet insurance should be managed as a portfolio — not as individual motor policies.

For businesses operating 10 or more vehicles, renewal outcomes are driven by loss ratio performance, portfolio concentration, and underwriting appetite. We advise companies on structured fleet placement and long-term premium stabilisation strategy.

Suitable For:

Growing SMEs consolidating multiple vehicle policies
Established businesses operating 10–100+ vehicles
Logistics and transport operators
Construction and engineering firms
Service fleets with high driver movement

Portfolio-Level Underwriting Considerations

Unlike individual commercial policies, fleet insurers assess the portfolio as a whole, including:

Aggregate loss ratio over multiple years
Accident frequency and severity trends
Driver age distribution and turnover
Operational exposure (routes, industry, environment)
Concentration risk within fleet composition

Single-year performance can materially influence renewal positioning if not managed early.

Our Structured Fleet Approach

We support fleet clients through:

Portfolio loss ratio review and trend analysis
Pre-renewal strategy discussions 8–10 weeks prior to expiry
Excess restructuring evaluation (per vehicle vs aggregate impact)
Insurer appetite assessment and early engagement
Renewal negotiation support

Our objective is to reduce volatility and protect capacity over time.

Scenarios…

Managing Portfolio Deterioration After a High-Quantum Year

A fleet experiences one severe claim and several minor incidents within a single policy year, pushing the annual loss ratio above underwriting thresholds. Rather than allowing renewal repricing to be based solely on that year’s performance, we review multi-year trend data and engage insurers with contextual portfolio analysis before formal renewal terms are issued.

The objective is to prevent short-term deterioration from driving long-term pricing distortion.

Excess Layering Strategy to Stabilise Premium

A fleet with frequent minor accidents experiences disproportionate premium escalation. We assess whether adjusting excess levels across the portfolio may rebalance premium spend relative to retained risk, while evaluating behavioural implications and claims frequency discipline.

The goal is structured cost control rather than reactive repricing.

Managing Portfolio Deterioration After a High-Quantum Year

The objective is to prevent short-term deterioration from driving long-term pricing distortion.

Excess Layering Strategy to Stabilise Premium

The goal is structured cost control rather than reactive repricing.

Renewal Discipline

Fleet renewals should not be left to automatic issuance.

We typically recommend:

Early performance review
Structured insurer dialogue before renewal issuance
Clear driver declaration controls
Ongoing monitoring rather than annual intervention

Proactive engagement improves predictability.

Speak to a Fleet Specialist

Don’t leave your business vulnerable to claims. If your business operates 10 or more vehicles and you would like a structured portfolio review, contact us today to learn more about our Fleet Insurance and how it can benefit your business. Secure your operations, build consumer trust, and focus on delivering quality services with the confidence that you are protected.

Taking Care Of All Your Risk Management Needs.

Started in the 1960s as an insurance agency, Tan Insurance Brokers is led by a team of extremely experienced and qualified risk managers and advisors and has partnered numerous local and global enterprises for over 5 decades.

At TIB, you always come first. We’ve built our reputation on decades of putting customers first and our experts are always on hand to deliver personalised service and support.