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 firstname.lastname@example.org
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