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Date: Jun 13, 2018 Location: Wayne, PA

Xemplar Insights taps SpeedGauge for precision driving speed monitoring and analysis

Innovative speed limit analytics enable insurance carriers and their policyholders to reduce both collision frequency and severity through a better understanding of speeding risk

Xemplar Insights LLC, a provider of innovative insurance risk management and customer engagement solutions, has partnered with SpeedGauge Inc., an international leader in driver safety and performance solutions, to offer auto insurance carriers data-backed risk reduction services that help identify and eliminate speeding among their policyholders.

According to the National Highway Traffic Safety Administration, speeding is a causal factor in nearly 40% of all fatal vehicle collisions. The US Bureau of Labor Statistics adds that vehicle collisions are the leading cause of work-related fatalities. The driving risk management service from Xemplar/SpeedGauge aims to counter the impact of speeding on vehicle collision frequency and severity.

The solution uses driving data from Xemplar’s smartphone-based risk management platform and SpeedGauge’s proprietary speed assessment analytics, comparing actual driving speeds to posted speed limits.  The risk reduction solution identifies when and where excessive speed incidents occur, measures and monitors speeding trends, and provides an opportunity to coach drivers to improve safe-driving performance, thereby reducing speeding incidents and lowering overall driving risk.

SriKrishna (SK) Tirumala, CEO & Co-Founder of Xemplar Insights, commented, “Both companies share a similar mission to help insurers obtain greater transparency on the risks they have insured. We saw a potential to deliver immense value by working together to create unique products and services centered on understanding and changing speeding behavior. Xemplar products already leverage some of SpeedGauge's web services, and we plan to explore more avenues this year to support each other.”

SpeedGauge CEO Jonathan Hubbard noted, “Through our work with thousands of fleet clients, SpeedGauge has proven that measuring, analyzing and coaching vehicle speed against posted limits reinforces safe driving behavior, producing tangible benefits across the organization."

“Knowing where an insured stands in relation to driving speed habits versus posted speed limits, as compared to similar policyholders within a geographic area, can provide an insurer with a much more accurate picture of underwriting risk, and give the vehicle owner useful information to change behavior and reduce that risk,” Hubbard added.

About Xemplar Insights
Xemplar Insights, LLC is a wholly owned subsidiary of Prime Technology Group. Xemplar solutions are designed to provide simple yet powerful features - to curb unsafe driving habits and offer auto insurers with new data to analyze the health of the book and to predict losses with real evidence of risks taken by the insured. Our solutions are highly configurable and customizable to suit every Insurance carrier’s appetite and objectives. It is economically priced to deliver high-value at low cost. With teams located in the United States and India, Xemplar solutions can support any global Insurer to transform how they manage risk in the Auto line of business. For more information, visit us at www.xemplarinsights.com.

About SpeedGauge
SpeedGauge is a driver safety and performance company, providing software solutions that help fleets manage and control vehicle speed - the number one factor affecting safety and fuel economy. Designed and engineered for simplicity, SpeedGauge products and services monitor select driver behaviors that have the most significant impact on safety and the overall cost of operations. The company's flagship service, the SpeedGauge Safety Center, is delivered in partnership with leading vehicle-tracking companies across the globe, with reports provided on hundreds of thousands of vehicles every day.  For more information, visit www.SpeedGauge.net.

CONTACT:

For Xemplar Insights
SriKrishna “SK” Tirumala,
CEO & Co-Founder
stirumala@xemplarinsights.com
860.794.2650

For SpeedGauge
Jim White, Media Relations
jim.white@speedgauge.net
626.840.3796

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Xemplar Solutions Suite

Xemplar Auto
Xemplar Auto is a product for Standard, Non-Standard, and Preferred Personal Auto Insurers as a white-labeled mobile app for insured policyholders to provide digital policy services and risk prevention. Xemplar Auto includes the digital policy services found in Xemplar Engage, but also adds robust, smartphone based telematic features for driver safety self-assessment and targeted risk management. The solution is a Mobile app (iOS, Android) for insured drivers, and a cloud-based portal for carriers that provides a variety of BI reports for risk exposure analysis, etc.

Xemplar Engage
The Xemplar Engage product was created for Insurers and MGAs to provide policyholders a white-labeled mobile app for digital policy services, claims services and communications. Xemplar Engage can be configured, enhanced, and extended to offer policyholders mobile services across multiple insurance lines. The solution is comprised of a Mobile app (iOS, Android) for insureds, and a Cloud-based portal for carriers with app utilization reports.

Xemplar Fleet
Xemplar Fleet is offered to Commercial Auto Insurers (small businesses to large fleet owners) as a white-labeled fleet risk reduction solution which can be offered to insured accounts, as their insurer’s solution to control claims and losses. The solution is made of three parts, (a) Mobile app (iOS, Android) for covered drivers, (b) Cloud-based administrative portal for Fleet Managers for each Commercial Account, and (c) Cloud-based administrative portal for the Carrier that oversees the complete set of fleets using the app.

Xemplar Drive - Businesses
Xemplar Drive – Business was designed as a non-white-labeled option for Commercial Auto Insurers that believe that the policyholders will be apprehensive about using a data gathering solution provided by their insurance carrier. Xemplar Drive – Business would be referred by the insurer to the Commercial Auto policyholders (small businesses to large fleet owners) as a solution for risk prevention and loss control.
Xemplar Drive – Business is also available as a white-labeled off-the-shelf B2C subscription-based solution (SaaS or private) sold directly to Large Corporates, Commercial Businesses, and other Institutions that operate a fleet of vehicles, as a self-administered risk management solution.

Xemplar Drive – FAMILY
Xemplar Drive – Business is a branded off-the-shelf, B2C subscription-based solution sold through distribution channels such as driving schools or not-for-profit organizations to individuals and/or parents of teens as means to analyze driving habits of themselves, or young drivers as they gain driving experience and develop good driving habits.

About Xemplar Insights

Xemplar products are innovative mobile and cloud technology-based solutions that enable insurers and MGAs to Sell better, Interact better, and Service better, by deploying mobile solutions that delight their policyholders with compelling customer engagement services and smartphone telematics based risk management features.

Xemplar has extended their world class mobile app and telematics capabilities to create products to meet the risk management needs of commercial fleets and families of teen drivers. Today fleet managers and parents of teen drivers have an easy-to-use solution that provides actionable insights into the high risk habits of their drivers.

Xemplar is committed to delivering high quality, feature rich solutions that are valued additions to the lives of users.

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