New Partnership Brings Unprecendented Risk Management Capabilities to Transportation and Insurance Industries
LEXINGTON, Mass., June 15 /PRNewswire/ -- In a first-of-its-kind strategic
partnership, CIRCADIAN, the leading experts in extended hours operations, has
joined forces with FleetRisk Advisors, LLC, a major provider of risk-
management services to transportation companies, insurance underwriters, and
insurance information providers.
Under the 10-year partnership, FleetRisk will enhance its risk-assessment
and advisory and reporting services through licensed use of CIRCADIAN's
proprietary Circadian Alertness Simulator (CAS) software to predict patterns
of driver fatigue and alertness. "Fatigue is one of the primary loss causes
in many sectors of the transportation industry," said FleetRisk Chairman, Sam
Wilkes. "To address this major loss cause, we partnered with Circadian, the
leader in fatigue management with the most extensive record of proven value in
the trucking and transportation sector."
This is the first venture ever to combine the technology of telematics
with the technology of managing fatigue. "This is very exciting, because we
are moving toward getting real-time assessments of alertness for drivers,"
said Todd Dawson, head of CIRCADIAN's research and development team, which
developed the CAS software.
CIRCADIAN data show that a risk-informed, performance-based approach like
this one can reduce dangerous driver high fatigue risk by nearly 25 percentage
point, and decrease accident rates by 60%.
About CIRCADIAN: CIRCADIAN is the leading international research and
consulting firm assisting companies with extended hours operations to improve
profits by increasing productivity and reducing the increased costs, risks,
and liabilities of human factors. CIRCADIAN's mission is to empower its
clients to effectively use extended operations to compete in the global 24/7
economy. Extended hours operations encompass all work environments with
irregular schedules, night and evening shifts, or extended hours, typically
outside the hours of 7 a.m. and 7 p.m. Since its incorporation by Dr. Martin
Moore-Ede in 1983, more than half the Fortune 1000 has benefited by working
with CIRCADIAN. For more information, visit http://www.circadian.com.
About FleetRisk Advisors, LLC: FleetRisk is a pioneer in the emerging
field of Information Technology Based Risk Management Services. These
services utilize extensive relational databases, advanced in-vehicle
monitoring systems, and sophisticated analytics to help fleet owners identify
specific causes of loss, implement effective countermeasures, and monitor the
performance of both safety and operational efficiency programs. When
accidents or loss events do occur, FleetRisk provides optional "event
management" services for claim reporting and litigation support.
Contact:
Brian O'Neill (781) 676-6950
boneill@circadian.com
SOURCE CIRCADIAN
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