Marsh Works with GreenRoad to Offer Risk Services for Captive Owners with Fleet ExposuresNew York, NY – November 12th, 2008 –
Marsh, the world’s leading insurance broker and risk advisor, today announced it is teaming with GreenRoad Technologies, a leader in driver safety technologies, to offer clients of its captive management operations the opportunity to obtain services from GreenRoad at favorable rates.
GreenRoad works with companies to reduce their fleet risk and to improve fuel consumption. GreenRoad client data suggests that on average, GreenRoad’s clients have reduced accidents by 54 percent, accident costs by 49 percent, and fuel consumption by 10 percent.
“Many of our clients choose to retain their auto liability and auto damage risks by insuring or reinsuring them through their captive insurers,” said Scott Gemmell, vice president, Captive Solutions at Marsh. “Through our agreement with GreenRoad, clients have the opportunity to work with a provider at favorable rates that can help them reduce the risk and the cost of losses in their captive arrangements, which in turn can enhance the value the captive brings to the parent company.”
GreenRoad provides its clients with access to the GreenRoad Safety Center, a service package consisting of individual professional coaching for drivers and an automated safety solution for company managers. The GreenRoad Safety Center combines safety, risk visibility, functionality, and coaching in a cost-effective, scalable and easy-to-implement package. Drivers receive continuous real-time training and feedback with access to their individual driving risk profile online. Managers receive complete and accurate visibility into risk and safety levels using Safety Center web-based reporting. Feedback is also provided via e-mail, SMS, and Safety Center’s password protected website. Drivers and managers are able to review detailed reports by fleet, driver, department, maneuver type, trip, and other variables to their high-risk areas and develop focused and effective risk management strategies.
“Marsh is widely recognized for its commitment to provide the highest level of risk management services to businesses with significant fleet operations,” said Eric Shishko, SVP, Insurance at GreenRoad. “We’re delighted to join with Marsh to make our fleet safety expertise available to Marsh’s clients.”
Marsh has 24,000 employees and provides advice and transactional capabilities to clients in over 100 countries. Marsh is a unit of Marsh & McLennan Companies (MMC), a global professional services firm with more than 55,000 employees and annual revenue exceeding $11 billion. MMC also is the parent company of Guy Carpenter, the risk and reinsurance specialist; Mercer, the provider of HR and related financial advice and services; Oliver Wyman, the management consultancy; and Kroll, the risk consulting firm. MMC’s stock is listed on the New York, Chicago and London stock exchanges. MMC’s Web Site is www.mmc.com.
GreenRoad provides a single, comprehensive telematics solution to both change driver behavior and manage fleet performance and efficiency. Its solution engages drivers directly for meaningful, lasting behavior change. At the same time, fleet tracking, mapping and reporting help fleets optimize their daily and strategic operations. To GreenRoad customers this means increased safety and customer satisfaction and reduced operating costs for a clear competitive advantage.
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Dr. Ursula Ron
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