ABOUT
Risk:
The effect of uncertainty on an organisation’s ability to meet its objectives
JV Risk Consulting Ltd (JVRC) was founded in 2024 by its owner Jason Vallint. In recognition of a growing need for strategic fleet risk consulting services, JVRC was established to provide professional services to fleet operators, insurance companies, brokers and those providing services upon which fleet operators rely. Our services help organisations assess their fleet risk, environmental and social governance, improve their understanding of current risk exposures and evaluate how exposures can be mitigated by carefully selected, sequenced risk interventions.
JVRC provides support throughout this entire process, by identifying the optimum fleet risk mitigation strategy. We help organisations to develop, implement and continuously improve a fleet risk framework whose purpose is to integrate the process for managing risk into the organisation’s overall governance, strategy and planning, management, reporting processes, policies, values and culture. While most organisations manage, for example, financial and reputational risk, few extend such rigour to managing their fleet risk. Through the adoption of consistent processes within a comprehensive framework fleet risk can be better managed effectively, efficiently and coherently across an organisation.
Our services aim to help fleet operators achieve business objectives by reducing uncertainty. In turn, this helps insurance partners such as brokers to better present business risks to insurers, enhancing overall marketability and competitive primary insurer interest. It is important to highlight that fleet risk management is not just about traditional ‘motor’ risk. JVRC assists with a broad spectrum of risks associated with operating vehicles that include liabilities such as employer, general, public, environmental, business interruption, cyber and inland marine (cargo) exposures to name but a few. The safety and security of company vehicles, assets, employees, the loads being moved and interaction with the general public present risk managers with numerous challenges in how they best protect their businesses. Given rising insurance costs, reducing market capacity and more discerning risk appetite in the insurance market, simply purchasing more insurance cover is not a sustainable, or in some cases, a financially viable option.
JVRC is on hand to improve the broader risk profile of the fleet, reduce operating costs and attract competitive insurance interest in your company. This is further complicated by an ever-changing vehicle market where, for example, alternatively fuelled vehicles present new operational challenges and, in turn, insurance risks. Understanding investment choices and the impact on exposure and affordability of insurance during the transition from petrol and diesel vehicles to alternatives is showing to be more complicated than first thought. Rising repair costs of own and third-party vehicles lead to only one conclusion — insurance costs will rise in the short to medium term.
Mitigate Your Risk
So what can be done to mitigate such risks? JVRC works with the fleet community to help stakeholders navigate through complex challenges to reduce exposure, frequency, severity and minimise overall cost of fleet operations. We provide support to a wide range of stakeholders that benefit from cost effective management of fleet risk:
Vehicle Operators
A service to review and improve internal systems and processes that aim to manage risk while providing guidance on steps and interventions that managers can use to positively influence loss control. The overall aim is to better place the organisation in the eyes of the insurer by presenting a more appealing risk to an Insurer. By taking into account risk improvements that have been implemented, are in progress or by demonstrating that company risk managers have given due consideration to reducing exposure, insurance underwriters can be reassured that the insured fleet is culturally mature and aligned to the expectations of insurers.
Insurance Brokers
To help better position their clients when providing advice when addressing risk perturbations, remarketing or renewing their insured fleet clients. To broaden interest and to increase positive competition to secure the best possible underwriting insurance terms while also enhancing any existing value-added service offering and customer retention performance.
Insurers and Re-insurers
To better select, retain and improve their fleet risk portfolio. To not only assist underwriters and chief underwriting officers better understand exposures through risk assessment, appraise risk appetite but to complement actuarial data insights and existing claims handling and risk management services. For the re-insurance market it is essential for primary insurers to demonstrate that the probability of high value claims across their portfolios can be factored as low as possible. JVRC is on hand to assist both insurers and re-insurers to evaluate the general risk exposure of the types of fleet being insured.
Supply Chains
For shippers and consignees that are dependent on road transport, safe and timely delivery of materials, components, finished products and personnel is critical to avoid unnecessary delays and cost. Having comfort and a comprehensive understanding that transport firms are proactively managing risk alongside regulated and contractual compliance can provide reassurance to primary contract owners that supply chain disruption, financial penalties, reputational and other contingent risks are minimised.
Financing, Investing, Merging and Acquiring Organisations
Due diligence forms an intricate part of managing risk. JVRC provides essential strategic market intelligence and organisational risk maturity insights that help investors of all types better understand any exposures their investments may have. Moreover, the linkage between safety and well run, successful organisations is strongly correlated and acts as additional collateral value when making investment decisions.
Insuretech, Technology and Value-Added Service Providers
For various reasons, the insurance and transport markets require and attract a wide range of value-added service providers. JVRC has a long track record of providing guidance to executives and their strategic stakeholders on how to better position their solutions and services to fleet operators and insurers. Companies that offer for example insuretech, telemetry, training interventions, data analytics etc., require guidance on what issues their products solve and thereby what value their products offer those that insure and operate vehicles. JVRC applies its market insights to determine the optimum use of technology and its application to better position current or new services offered to insurance companies and their insured.
Jason Vallint
Founder of JV Risk Consulting
Prior to establishing JV Risk Consulting Limited in 2024, Jason was the European Fleet Risk Director for global insurance giant AIG. There he was responsible for the company’s fleet risk management proposition outside of North America, primarily supporting the London, Paris and Brussels markets. Jason influenced the direction of motor risk appetite by providing underwriting insights for client risk selection, risk improvement and emerging risks underpinned by class leading data analytics, best practice risk management guidance and client facing consultancy solutions.
He was the former Development Director for the AA plc’s road safety and fleet risk management division where he led business growth strategies, consultancy, research and development functions. He incubated and developed acquired businesses that provided risk solutions to fleet, health and safety, technology and insurance specialists within the fleet operating and vehicle manufacturing sectors both in the UK and in over 30 countries around the world.
Having established the logistics safety research, development and consultancy capabilities at the world renown Transport Research Laboratory, he went on to lead the transport environmental consulting function at the commercial arm of the UK’s Atomic Energy Authority. In both organisations his work involved advising and delivering industry transformation programmes on behalf of public sector bodies including the EU, UN, World Bank, UK Government departments, agencies, security bodies and regional transport authorities. Working closely with industry practitioners, trade associations, academia, technology companies, investors, and a host of supply chain stakeholders, Jason has built a reputation for high quality, pragmatic advisory services delivering transport policy, road safety and environmental behaviour change programmes relating to car, van, bus and truck fleets.
During a career spanning 35 years in the transport sector, Jason’s innovative work has led to invitations to lecture at universities home and abroad, to present at domestic and international conferences and even hosting visits from national and overseas dignitaries. Further credits include various best practice publications, national press and trade media articles as well as television interviews. He holds a Master’s degree in transport planning and management and a Bachelors in Economics and German. Jason is a long-standing Fellow of the Chartered Institute of Logistics and Transport, a member of the Chartered Insurance Institute, the International Underwriters Association and is a Liveryman of the Worshipful Company of Carmen.
