Nexar, a leading video telematics company, announced a partnership with Cover Whale Insurance Solutions, Inc., a leading provider of commercial trucking insurance and fast-growing insurtech. Providing Nexar’s AI dual-facing dash cams to its independent and fleet truck drivers, Cover Whale is enhancing its innovative Driver Safety Program to further improve safety and lower insurance premiums.
Nexar’s dash cams can detect and monitor driver behavioral risks such as hard braking, sharp cornering, hard turns, quick accelerations and sudden stops, providing the relative context in which the event occurred. The integration of Nexar’s dash cams into Cover Whale’s Driver Safety Program will also enhance the on-the-road coaching of truck drivers to lower both the frequency and severity of claims. As the average long-haul truck driver covers 125,000 miles each year, safety protocols are imperative. From 2019 to 2020, the number of fatal crashes involving large trucks decreased by only 3 percent. In 2020, 12.8% of the 35,766 fatal crashes on US roadways involved at least one large truck or bus.
“We’re honored to be selected as a top video telematics dash cam by the country’s leading insurtech for truckers,” said Eran Shir, CEO and co-founder of Nexar. “This partnership further proves our advanced dash cam technology and capabilities. In collaboration with Cover Whale‘s Driver Safety Program, the information retrieved by our cameras will identify unsafe driving practices, helping to avoid accidents and costly claims in the first place. We’re proud to partner with Cover Whale for this important mission, and we look forward to future opportunities together.”
Most concerning to fleet managers, the trucking industry faces more nuclear verdicts than many other industries. Defined as massive jury verdicts worth $10 million or more, one nuclear verdict can destroy an entire fleet. Cover Whale’s AI safety coaching, supplied by Nexar’s real time dash cam footage, along with GPS location and speed, provides the most reliable evidence in exonerating drivers against any nuclear verdict.
“There have always been driver concerns surrounding dual-facing dash cams,” said Dan Abrahamson, CEO and co-founder of Cover Whale. “But given the frequency and severity of accidents, dash cams and the advanced telematics they provide are the best tool to provide a more comprehensive range of visibility and data with which to protect both truck drivers and motorists. We’re pleased to integrate Nexar’s capabilities into our Driver Safety Program to provide truckers and fleets with the protection and safety they deserve.”
SOURCE: PR Newswire