CAMBRIDGE, Mass.--(BUSINESS WIRE)--Cambridge Mobile Telematics (CMT), the global leader in smartphone telematics, has launched The DriveWell Fleet Program, a new behavior-based smartphone telematics solution for commercial fleets. The new offering enables fleet owners and insurers to significantly improve employee safety, reduce the number of accidents and claims and increase operational efficiency and performance.
With its new DriveWell Fleet Program, CMT is directly tackling one of the biggest problems in the fleet industry today. According to the Network of Employers for Traffic Safety (NETS), the cost of crashes to U.S. fleet employers was $47 billion in 2013 – with $8.4 billion directly related to distracted driving crashes. CMT’s existing DriveWell program, currently used by nearly one million consumers, significantly improves driver safety – showing, on average, a 35 percent reduction in phone use and 20 percent reduction in hard braking after 30 days. CMT expects similar performance improvements for fleet drivers.
The new solution, available now, offers insurers, commercial drivers and fleet owners everything they need to optimize the performance, safety and cost of their operations, including:
- A smartphone app and IoT-enabled tag that provides fleet drivers trip-by-trip feedback and insights on driving behavior and performance.
- Gamification functionality that sparks performance and safety improvements by giving drivers the ability to compete with one another, both individually and as teams.
- Advanced analytics and machine learning technology that capture and convert risky driving activities into actionable insights, scores and performance feedback.
- An intuitive web portal for fleet owners and managers to review driver scores and habits, and provide improvement-based coaching. The management portal also provides vehicle, driver and location-based tracking and history to give fleet leaders total control and transparency.
As part of the program launch, Aioi Nissay Dowa Insurance in Japan began offering the app to its commercial customers in July, as a new service called Biz Safety.
“Vehicle management through the use of telematics has drawn much attention recently. CMT’s program is superior in the market from both a cost and universality standpoint. We expect that this program can meet our commercial customers’ needs. Reducing the number of accidents is significantly beneficial for our customers, our company and society. We will keep working to reduce accidents through telematics,” said Katsuhiko Sugeta, general manager of product planning at Aioi Nissay Dowa Insurance.
CMT will roll out the DriveWell Fleet Program to a number of other customers in the coming months.
“As the numbers of traffic accidents and fatal crashes continue to rise, it’s critical to address the risky habits of fleet drivers,” said Katherine Wellman, vice president of product and marketing, Cambridge Mobile Telematics. “We’ve seen significant improvements to driver safety and performance on the consumer side, and are excited to extend our safe driving telematics program to commercial fleets. We fully expect this program to improve driver safety, reduce crash-related costs and improve fleet management.”
About Cambridge Mobile Telematics
Cambridge Mobile Telematics (CMT) makes roads and drivers safer around the world. Founded in 2010 by two MIT professors and experienced entrepreneurs, CMT pioneered telematics for behavior-based insurance (BBI) and deployed the first solution to provide both traditional vehicle-centric UBI and BBI. With over 20 customers in 14 countries, CMT has a proven record of changing driver behavior: an average reduction of 35 percent in phone distraction, 20 percent in hard braking and 20 percent in at-risk speeding, all in under 30 days of using the program. For more information, please visit cmtelematics.com and follow on Twitter @cmtelematics.