Zurich report highlights how telematics helps reduce fleet crashes

Zurich - Companies could use new technological developments to reduce the costs of crashes in their motor fleets by up to 30%, Zurich Financial Services Group (Zurich) has found. In a new report, Insights: Telematics and Fleet Risk Management, Zurich analyses how telematics technology, in conjunction with driver development programs, can help fleet operators take positive steps to improve safety while also reducing their impact on the environment and reducing operation costs.

Telematics commonly refers to vehicle-based systems that integrate GPS sensors with wireless communication and computer capabilities. These systems can provide fleet owners and operators with extensive information and intelligence on driver behavior, vehicle location and performance and a wide range of other metrics.

Using meaningful data, fleet managers can reduce collision risks for drivers and other road users, improve the productivity of mobile workers, improve fleet performance and ensure compliance with relevant regulations. Typically, companies could save up to 11% on fuel consumption and 10% on operational costs.

The Insights report explains how Zurich works with fleet customers to develop a ‘driver indexing’ program, which helps to identify those drivers deemed to be most ‘at risk’. Companies are then able to target their risk management spend at the root cause to combat ‘at risk’ driver behaviors – in ways such as reviewing employees schedules and route planning, along with raising awareness about the dangers of driving too close or driving while distracted – to reduce the risk of crashes across the fleet.

Robert Gremli, Chief Risk Engineering Officer at Zurich, says: “The combination of technology and a sustained program of working with drivers to reduce crash risks should be at the heart of any fleet management program. Used effectively, telematics can help save lives on the roads, reduce costs and improve the working environment for drivers.

For more information on the Risk Insights report, and to download a copy, please visit: http://www.zurich.com/main/insight/insightmagazine/fleet/fleet.htm

For high resolution pictures supporting this Note, please visit www.zurich.com/multimedia. If you are a first-time user, please take a moment to register. In case you have any questions, please email journalisthelp@thenewsmarket.com.

Zurich Financial Services Group (Zurich) is 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. It employs approximately 60,000 people serving customers in more than 170 countries.