NEWS & EVENTS

DriveCam and Zurich Seek to Revolutionize Fleet Risk Management

Jan 31/2010 PRESS RELEASE

SAN DIEGO – February 1, 2010 – 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.

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Gretchen Griswold

Corporate Communications