Leading Mid-Market Truck Insurance Provider Integrates SpeedGauge Analytics
SAN FRANCISCO, July 11, 2011 /PRNewswire/ — SpeedGauge, a major supplier of business intelligence (BI) and location-based analytics, has partnered with Brazos Specialty Risk to deliver patented analytics to the insurance industry. The partnership will provide Brazos with value-added analytics to enhance risk assessments resulting in more accurate rates. In turn, Brazos will be offering SpeedGauge-equipped fleets with highly competitive fleet insurance premiums.
“With SpeedGauge deployed across a fleet, Brazos can offer the best possible rates while providing added incentive for a fleet to educate its drivers on safe driving techniques,” said Chris Polk, CEO of Brazos, a leading mid-market truck insurance provider. “Because of the analytics provided, we’ll be able to pass down savings to those companies using SpeedGauge and offer a discount on our rates.”
This is the first time that SpeedGauge has partnered with an insurance provider. The company views this as an important partnership to ensure SpeedGauge supplies the best services and return on investment.
“SpeedGauge has always sought to provide fleets with the best information to create a smarter and safer fleet,” said SpeedGauge CEO Jonathan Hubbard. “Working with insurance companies was the next logical step in our dedication to helping fleets operate safely while reducing costs.”
According to Brazos, companies equipped with SpeedGauge have saved as much as 15 percent on insurance premiums across an entire fleet.
Hubbard continued, “In the competitive transportation business, insurance is a sizeable expense. Reducing insurance costs goes straight to the bottom line. This partnership demonstrates the tangible value our driver behavior reporting and coaching service offers to fleets.”
SpeedGauge offers its services through GPS tracking providers around the globe; fleets are able to implement the service with no additional equipment and no downtime.
SpeedGauge, a privately held company founded in 2002 and located in San Francisco, provides patented BI and analytics to the commercial transportation industry. SpeedGauge’s software solution is available through its network of GPS fleet tracking partners and 3rd party providers around the globe. The company’s platform marries safety, risk and GPS data analysis to enable smarter and safer driving.
Deployed across thousands of fleets, SpeedGauge is currently available in North America and Europe, with plans to expand to other regions. For further information on the company, its technology and solutions, visit www.speedgauge.net.
Brazos Specialty Risk, Inc. is a full service Program Manager dedicated to the placement of transportation and contractors insurance risks, nationwide.
With a staff of underwriting, claims and accounting professionals contributing over 120 years of combined experience, Brazos Specialty Risk, Inc. has the expertise to link your agency to recognized leaders in the insurance industry, as well as provide top-notch service.