Why This Trucking Insurance CEO Chooses Dashcams Over Telematics
Friday, January 3rd, 2025 Auto Liability Risk Management TechnologyThe trucking insurance industry faces rising reinsurance costs, regulatory challenges, and increasing litigation risks. Harish Kapur, CEO of Across America Insurance Services, has navigated these complexities by emphasizing selectivity, innovation, and partnerships. Post-pandemic, truckers are struggling financially, with reinsurers pushing for higher premiums. Across America Insurance counters this with a streamlined agent network, rigorous vetting, and robust in-house claims handling.
Kapur sees telematics as unreliable due to high driver turnover, opting instead for dashcams to protect against fraudulent claims. Strategic alliances, like their partnership with Incline Americas, provide additional flexibility and growth opportunities. Automation enhances efficiency, freeing staff to focus on underwriting and claims. The company’s balanced approach—prioritizing claims management over pure underwriting and fostering meaningful collaborations—positions them to adapt to an increasingly challenging market.
Kapur believes strong partnerships and practical tools like cameras, rather than reliance on telematics or aggressive litigation, are key to thriving in today’s trucking insurance landscape.
