Background

In the past, NHS Trusts or other entities within the NHS, have insured motor vehicles on a traditional basis, using the principle of "best value" to achieve the desired financial and service levels. However, motor insurance is not a precise science, although, after a great deal of research, we have found that there are many similarities in the profiles of fleets within the NHS. Motor fleet premiums can be affected by, amongst other things, vehicle types, accident frequency, accident costs, geography and vehicle usage. Premiums are also affected by an individual insurer's attitude to that class of business, together with the profitability or otherwise, of a motor fleet account portfolio and, lastly, whether the insurance industry is going through a "soft" or "hard" cycle.

All these factors have the effect of creating transient business where you, the client, have little or no control over the on-going costs and volatility of your motor fleet insurance.