NEWS & EVENTS

Crum & Forster Signs Strategic Partnership Agreement with DriveCam

Apr 21/2016 PRESS RELEASE

April 22, 2013 – (RIMS ’13 ANNUAL CONFERENCE & EXHIBITION — Los Angeles, CA) – DriveCam, Inc.,
a global driver risk management company, today announced that Crum & Forster (“C&F”), a national insurance group, will offer DriveCam’s managed services to its policyholders as part of C&F’s loss control / safety management services.  The announcement was made today at the Risk Management Society’s (RIMS) 2013 Annual Conference and Exhibition.

“Crum & Forster’s decision to add DriveCam services is indicative of a rapidly growing trend we are seeing in the insurance industry,” said Eliot Feldstein, DriveCam Senior Vice President, Strategy and Corporate Development. “It makes perfect sense to add such a comprehensive safety program for policyholders with commercial fleets.  Everyone wins.”

“Our primary goal in the insurance business is to reduce our customers’ risks,” said Mark Srygley, Senior Vice President of Middle Market. “By partnering with DriveCam, we are able to offer our policyholders a comprehensive suite of fleet safety solutions and risk management  services, at a reduced cost. We have associated with DriveCam because of their proven track record to help fleet owners mitigate their risk exposures and create safer environments for all parties concerned. ”

DriveCam addresses safety by combining data and video analytics with real-time driver feedback and coaching, resulting in reductions in cost and fuel consumption. DriveCam accomplishes this using its Driver Science Engine®. Through a patented, iterative process of scoring, prioritizing and tracking the results of driving behaviors, this model identifies behavioral improvement opportunities for increased safety. In-cab video captures driving behavior, which is objectively reviewed and scored, then passed on to the fleet for use in coaching drivers.

Fleets manage the DriveCam Program through DriveCam Online®, a web-based online portal. Seamlessly integrated into DriveCam’s DC3 video event recorder and the DriveCam Online reporting solution, DriveCam’s Fuel Management Solution combines real-time, in-cab feedback with online reporting and coaching to improve fuel efficiency – by up to 12 percent – and lower emissions. Unlike other vehicle-centric fuel solutions, DriveCam’s solution focuses on the driver – specifically on the three driving behaviors that have the greatest impact on fuel efficiency: efficient or “smooth” driving, idling and speeding.

 

About Crum & Forster
Founded in 1896, Crum & Forster is a national insurance group consisting of insurance companies and agencies that provide a wide range of specialty and standard lines insurance products and services. Focused on property and casualty insurance, its offices are strategically located throughout the United States, and business is conducted through a select distribution channel of independent agents and brokers. Crum & Forster is a registered trademark of United States Fire Insurance Company. Visit the website at www.cfins.com.

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