Insurance carrier Nationwide has partnered with Idelic to help fleet drivers become safe, lower losses and take control of their insurance premiums.
According to Nationwide, insurance carriers and commercial fleets have had difficulty managing rising insurance costs.
The company said the partnership with Idelic will give its commercial fleet customers discounted access to the Idelic Program, a driver performance management and risk prevention programme, to help fleets identify risky driver behaviours and coach their drivers to improve safety, resulting in a reduction in preventable crashes and losses.
Idelic’s Safety Suite aggregates fleet data to identify risky driver behaviours. According to Idelic, this data combined with an industry best-practice Driver Safety Playbook, has helped reduce accident rates by more than 52%. Idelic customers are seeing an average reduction of more than 20% within the first year of using the programme.
Gary Flaherty, senior vice president of E&S Commercial Auto at Nationwide, said, “The power of Idelic’s Safety Suite is clear: motor carriers can harness and leverage large amounts of data already being collected and create actionable insights that reduce risk for their fleet.
“Our partnership extends our already deep reach into the data-driven world that will translate into even safer fleets. Our dedication to protecting businesses with extraordinary care is boldly stated with this new partnership.”
Hayden Cardiff, founder at Idelic, added, “Idelic’s proprietary AI powered view of driver risk in Safety Suite, coupled with a prescriptive approach to driver coaching through the Idelic Driver Safety Playbook is changing the game for fleets wanting to improve their insurance outcomes. This partnership with Nationwide demonstrates the value of the Idelic Program as a promising solution for their fleet customers to help lower losses and improve their risk profile at the time of renewal.”
Nationwide recently partnered with Kinetic Insurance, a wearable device company, to deploy wearables for workers compensation insurance.
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