 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
IVOX Introduces First Predictive Driver Risk Management System For Fleets
Atlanta GA (SPX) Jan 31, 2008 IVOX announced the release of its patent-pending DriverScore 2.0, the first driver risk management system designed to predict individual driving behavior for the fleet industry. DriverScore provides an objective measurement of individual driving behavior which, when analyzed and compared to IVOX's repository of GPS/GIS and accelerometer data, provides an accurate picture of the relative driving performance risk. "Insurers are increasingly using tools like predictive modeling to be able to limit risks and improve underwriting profitability," said Kimberly Harris-Ferrante, Research Vice President with Gartner. "Using tools to perform real-time data analysis to predict driving risks and accident likelihood will ultimately help insurers meet these business requirements. Used for fleet insurance, this gives insurers the opportunity to distinguish safe drivers from drivers who are simply accident-free, promoting safer driving and accident prevention." "As driver shortages and fuel prices continue to increase, fleets are looking for ways to reduce costs," said Gregg Warren, CEO of IVOX. "By allowing fleets to more accurately reward good performance and prevent dangerous driving behavior, we hope to help keep drivers safe while reducing insurance costs, typically the third highest line-item expense for large fleets." IVOX's DriverScore helps companies to reduce insurance costs through the use of a "black box" device embedded within an individual's vehicle, which gathers ongoing data measuring a driver's behavior - including acceleration, braking, lane changes and other actions. This data is then analyzed through algorithms to create a risk-adjusted, objective assessment of driver conduct. Fleets can use this score to insure the safety of their drivers and other motorists on the road, for unlike other driver risk management services, IVOX's technology provides the data necessary to identify high-risk motorists before an accident occurs, informing individuals of risk to promote safer behavior and providing insurance companies with objective proof of safe driving behavior. "Trucking fleets need tools to assist them in assessing and improving driver behavior," said Dave Osiecki, Vice President of Safety for the American Trucking Associations. "Systems that help fleets identify and proactively address unsafe driver behaviors are in demand." The software, now in its second release, provides scalability and added functionality, making it even easier for fleets to implement and benefit from the technology. DriverScore can be used as: - A management and training tool for fleets - A determinant for driver hiring and compensation - A component for price setting of commercial, personal and reinsurance policies for self-insured private fleets - A way to more accurately asses the underwriting risk associated with a particular driver DriverScore 2.0 will be available February 1, 2008. Related Links IVOX GPS Applications, Technology and Suppliers
Wavetrend Introduces GlobalEyes, A Revolutionary Fully Integrated Global Tracking Solution
Surrey, UK (SPX) Jan 31, 2008Wavetrend Technologies announced that it is expanding its portfolio of innovative products with the release of GlobalEyes, a revolutionary global tracking solution, incorporating multiple communications and tracking technologies with a software management suite. |
|
|
| The content herein, unless otherwise known to be public domain, are Copyright Space.TV Corporation. AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space.TV Corp on any Web page published or hosted by Space.TV Corp. Privacy Statement |
