Published: February 01, 2011
DriveCam and Zurich Seek to Revolutionize Fleet Risk Management with Zurich Fleet Intelligence
SAN DIEGO - (BUSINESS WIRE) - DriveCam,
Inc., a global Driver Risk Management Company, today announced it is
working with Zurich, one of the largest fleet insurers in North America
and globally, on its new, integrated fleet risk management system called
Zurich Fleet Intelligence (ZFI). DriveCam will offer its telematics
services to Zurich's insurance customers seeking ways to minimize their
fleet's operating costs and reduce crashes, all while keeping their
vehicles up-and-running and drivers safe.
"We are excited to work with Zurich in revolutionizing fleet risk
management," commented DriveCam CEO Brandon Nixon. "Having been selected
by Zurich to participate in this initiative validates the importance of
video technology to identify risky driving and change driver behavior.
We look forward to bringing our proven and insightful program to many of
Zurich's insurance customers."
ZFI works by combining the data from DriveCam telematics services or
data from other leading vehicle telematic providers with Zurich's
extensive analytical tools to turn the data into meaningful insights
that can help fleet managers reduce their fleet operating costs, as well
as:
-
Optimize vehicle journey planning and deployment;
-
Reduce vehicle running costs;
-
Achieve increased fuel economy;
-
Reduce the occurrence of vehicle crashes through defensive driving
training;
-
Influence future insurance premiums;
-
Improve employees' driving skills and knowledge;
-
Reduce stress and fatigue amongst drivers through coaching and
development;
-
Improve their fleet's impact on the environment.
"By working with leading vehicle telematics providers like DriveCam,
Zurich is able to offer independent advice on the most appropriate
package of services to meet our customers' individual needs," said Paul
Horgan, chief underwriting officer for Zurich Global Corporate in North
America.
Zurich does not receive any fees or commission from these vendors when a
customer selects their telematics services. "We are here to help our
customers identify their business needs and then help them choose the
most appropriate vendor to help them reach their business goals," said
Horgan.
To watch a 90-second video showing how ZFI works, go here.
For more information about ZFI, go to http://www.zurichfleetintelligence.com.
About DriveCam Inc.
As proven experts in the science of safe and efficient driving, DriveCam
prevents collisions and reduces fuel costs by improving the way people
drive. Our solution addresses the causes of poor driving by combining
data and video analytics with real-time driver feedback and coaching,
resulting in reductions in collision-related costs and fuel consumption
in over 150,000 commercial vehicles. In addition, DriveCam has monitored
and analyzed data from over 3 billion driving miles and holds the
world's largest database of risky driving, which is continually used to
improve proprietary analytics and deliver insights into transportation
industry trends. DriveCam was recently recognized as #30 in The Wall
Street Journal's listing of Top 50 Venture-Backed Companies. For more
information, visit www.drivecam.com.
About Zurich
Zurich in North America is a part of Zurich Financial Services Group
(Zurich), an insurance-based financial services provider with a global
network of subsidiaries and offices in North America and Europe as well
as in Asia Pacific, Latin America and other markets. Founded in 1872,
the Group is headquartered in Zurich, Switzerland and employs
approximately 60,000 people serving customers in more than 170
countries, including more than 9,500 employees in North America.
Zurich's risk engineering services in the United States are provided by
Zurich Services Corporation.

DriveCam Inc.
Eric Cohen, 858-380-3161
ecohen@drivecam.com
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