Hibernian Selects DriveCam Inc. to Bring Innovative Driver Risk Management Solution to Ireland
Deal Marks Significant Step in DriveCam's Commitment to European Road Safety
Mar 5, 2007, 12:00PM
"We are pleased to offer DriveCam's solution to Hibernian's fleet customers," said Eric Shishko, executive vice president of worldwide business development for DriveCam Inc. "The company's creative approach and track record in promoting road safety through initiatives such as the Ignition program made the company an obvious choice for us. Together, we can aid customers in mitigating risk and reducing claims costs."
As part of the agreement, Hibernian has developed a deal with Westward Scania Ireland, one of the world's leading manufacturers of trucks and buses for heavy transport applications, bundling the DriveCam solution with monthly lease costs for all vehicles. At the core of Hibernian's driver safety initiatives, the DriveCam solution will also enhance the existing RiskAsystâ„¢ program, an effort to help SME companies comply with existing health and safety legislation.
"Research has demonstrated that driver behavior is the major contributing factor in nearly all road collisions," said Dick O'Driscoll, managing director of Hibernian General Insurance. "DriveCam offers a unique solution that will enable Hibernian's commercial customers to identify and improve risky driving behavior across their fleets, reduce claims costs and directly impact their bottom lines."
In addition to work in Ireland, DriveCam is planning to expand throughout Belgium, France, Germany, the Netherlands and the UK with a focus on five industry sector verticals: concrete and construction, haulage, transit, utilities and waste and sanitation. The company will also continue to leverage partnerships in insurance.
Shishko said, "Our partnership with Hibernian provides credibility for the DriveCam solution, not only in the Irish vehicle market, but other areas. We seek to repeat the effort we have made with Hibernian with other innovative partners in Europe."
###
About Hibernian General Insurance
Hibernian is Ireland's largest insurance group, ranked first for general insurance and top three for life and pensions. Hibernian General Insurance achieved gross written premium of €775.3 million in 2005. It employs in excess of 1200 staff in Ireland, insures one in four Irish motorists and one in three Irish homes. It offers all aspect of motor, home, farm and commercial insurance. Hibernian is a subsidiary of Aviva plc, the world's fifth-largest insurance group and the UK's largest insurance services provider (based on gross worldwide premiums at 31 December 2005), and is one of the leading providers of life and pension products to Europe, with substantial positions in other markets around the world. Aviva employs 58,000 staff worldwide. Hibernian news releases are also available on www.hibernian.ie.
About DriveCam Inc.
DriveCam is a global Driver Risk Management company that reduces claims costs and saves lives by improving the way people drive. By combining sight and sound, expert analysis and driver coaching, DriveCam has reduced vehicle damages, workers' compensation and personal injury costs by 30 to 90 percent in more than 60,000 commercial and government vehicles. DriveCam has the world's largest repository of events reflecting actual risky driving behaviors. In 2006, Inc. Magazine included DriveCam on its list of the 500 fastest-growing, privately held companies in the U.S. for the second consecutive year. DriveCam is a signatory of the European Road Safety Charter. For more information, visit www.drivecam.com.