ERD
28/08/2015 09:05
GENERAL
NOT PRICE SENSITIVE
REL: 0905 HRS EROAD Limited
GENERAL: ERD: NZI and EROAD Join Forces to Reward Safe Driving
NZI has today announced a new heavy motor vehicle insurance programme which
rewards commercial carriers that demonstrate safe driving behaviour.
The NZI and Lumley Safe Driving Rewards Programme offers an excess waiver for
commercial vehicle operators that meet certain driver safety benchmarks.
The programme is a collaboration between the insurer and transport technology
company EROAD. NZI and Lumley customers that have EROAD hardware installed in
their heavy commercial vehicles, and where the vehicles are on an EROAD
service plan that includes vehicle tracking, may qualify to have their
excesses waived if their company's driving record is rated in the top 25 per
cent of all companies using the EROAD system.
Data collected by EROAD hardware is used to produce a safety rating for
individual drivers, based on factors such as the frequency and severity of
speeding events, harsh braking, and acceleration. Drivers are ranked against
others in their organisation, with a star rating that compares them with
other EROAD customers. Companies that are placed in the overall top 25 per
cent of EROAD customers for driving performance may qualify for an excess
waiver.
Ian Taylor, National Manager Commercial Motor for NZI and Lumley, said, "We
understand the challenges faced by operators in creating safe workplaces. We
want to be able to support our heavy motor customers to reduce risk and
improve their driver safety rating. By benchmarking driver behaviour and
rewarding high performers, we hope to do that."
Under the Safe Driving Rewards Programme, joint customers of NZI and EROAD
who opt into the programme also agree to share their data with NZI to allow
NZI to research the development of heavy motor vehicle usage-based insurance
products.
Mr Taylor said that "the collaboration between NZI, EROAD and our customers
presents an exciting opportunity to develop a world-leading heavy motor
usage-based insurance product that will benefit both the transport and
insurance industries."
EROAD CEO Steven Newman said, "Helping transport operators improve safety
outcomes is a key focus for EROAD. We're very pleased to have the opportunity
to work with NZI to support our customers in promoting safer driving."
EROAD hardware units are now installed in 25,000 commercial vehicles
throughout New Zealand.
Customers can register for the programme on the microsite.
For further information contact:
NZI
Craig Dowling
Head of Corporate Affairs
Tel: 09 9 69 3983
E: [email protected]
EROAD
Sara Goessi
Communications Manager
Tel: 021 634 909
E: [email protected]
ENDS
About NZI
NZI is one of New Zealand's largest and longest-serving general insurance
brands, providing a broad range of personal, rural and business insurance
products through both its broker network and financial institutions channels.
NZI, including Lumley General Insurance in New Zealand, is a business
division of IAG New Zealand which in turn is part of Insurance Australia
Group (IAG), Australasia's largest general insurer.
In 2014, for the fourth year in succession, NZI was voted Intermediated
Insurance Company of the Year. It has a proud reputation for delivering
innovative insurance solutions, supported by a solid record of focused,
responsive performance. This is reflected in a Standard & Poor's financial
strength rating of AA- ("Very Strong").
For further information including information about NZI's financial strength
rating go to:
www.nzi.co.nz
About EROAD
EROAD is a leading transport technology and services company, headquartered
in Auckland, New Zealand, with offices in Portland, Oregon, and Melbourne,
Australia. EROAD's in-vehicle technology and global electronic platform
provides heavy transport operators with automated solutions to manage and pay
road user charges, to meet regulatory and compliance obligations, and to
provide a range of commercial services.
www.eroad.co.nz
End CA:00269243 For:ERD Type:GENERAL Time:2015-08-28 09:05:34
