Geotab Inc. and its affiliates, a global leader in connected transportation solutions, and global behavior change experts, Vitality, have formed a joint venture to tackle their shared mission to improve driver safety and well-being, reduce risk and support better road safety, bringing together telematics data with behavioral science, in a first-of-its-kind solution.
Through the joint venture, Geotab and Vitality will redefine commercial fleet management leveraging a behavior change solution that rewards safer driving.
Vitality, whose own Vitality Drive insurance program, has seen their members have 55% fewer claims and significantly lower road fatalities compared to national averages, will come together with Geotab’s expansive telematics network of over 4.7M vehicles and AI-powered predictive collision analytics, to inspire positive driving habits.
The initial joint offering will provide fleets with access to an all-in-one behaviour change platform which uses Vitality’s science-backed toolkit to incentivize and reward driver excellence. The program aims to have lasting improvements in driver performance, reduce accident-related expenses and drive down fleet risks, creating safer, more efficient operations. Recent data from the National Highway Traffic Safety Administration (NHTSA) underscores this challenge, revealing that motor vehicle crashes cost American society alone $340 billion. Human behavior emerges as the leading factor in collision risk and its associated costs, with distracted driving, reduced vehicle safety, and loss of vehicle control accounting for 60% of collisions.
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The joint offering will empower organizations, providing data-driven insights using a positive driver coaching experience and nudge-based behavior change and rewards mechanism, to reduce risk and lower expenses. In addition, the new technology will consider how it can improve driver well-being, which alongside the rewards, is expected to support driver retention and attraction.
“This joint venture unites two purpose-driven leaders in their field to uniquely address the human side of fleet management,” said Sabina Martin, Vice-President, Product Management, Geotab. “In today’s landscape, drivers face mounting pressures, from traffic congestion and encountering poor driving habits to demanding schedules. Ensuring their safety and enhancing their work day experience necessitates a blend of empathy and innovation. It’s a game-changer for drivers who can gain access to personalized insights and rewards, and for fleets who can now cultivate a culture of recognition to retain and reward their most valuable drivers.”
“This joint venture with Geotab embodies shared value: safer roads for clients, lower costs for businesses and fleets, happier, more rewarded drivers and a more socially-responsible society,” said Francois Theron, Deputy CEO of Vitality Drive International. “Together, we are able to offer a unique and innovative solution that uses technology to tackle one of the most urgent challenges – improving driver behaviour to make our roads safer.”
Source: PRNewswire