Element partners with Hub
Element Fleet Management, “the largest publicly traded, pure-play automotive fleet manager in the world,” announced the launch of Element Risk Solutions – a fully integrated risk management offering.
Launched in partnership with HUB International, the new service is designed to “transform how clients insure and manage commercial fleets.” The offering bundles insurance coverage solutions, including accident management, subrogation, driver safety programs, and telematics, to deliver a seamless, vehicle life-cycle experience for clients.
Headquartered in Canada with offices in North America, Australia, New Zealand, and Ireland, Element provides end-to-end fleet management services and solutions. The company has 1.5 million vehicles under management and over 4k clients.
Element Risk Solutions, which will be offered in the US and Canada, will be available in Q1 of 2025.
“Commercial auto insurance market placement has been a persistent challenge for our clients in North America for over 15 years. In 2024 alone, commercial auto rates in North America have surged to an on average increase of 20 per cent. This has left our clients with a lack of certainty on securing coverage or increased premiums, impacting their projected cash flow and balance sheet. Element Risk Solutions simplifies the process by providing an automated end-to-end solution that saves time, reduces complexity, and leverages Element’s data capabilities.” – Angelique Magi, Head of Insurance at Element.
“HUB is excited to partner with Element to provide their clients with an all-in-one digital resource that streamlines the process of securing insurance and better managing the costs for doing business.” – Lisa Paul of HUB Transportation Specialty.
“As a purpose-driven organization committed to Move the World Through Intelligent Mobility, we’re always looking for ways to create lasting value for our clients. Element Risk Solutions’ partnership with HUB is a client-focused solution that takes the friction out of insurance placement and reduces fleet risks to help our clients manage their Total Cost of Risk and ensure they can focus on growing their businesses.” – David Madrigal, Element’s Executive Vice President and Chief Commercial Officer.
