PHH Arval, FleetRisk Advisors Test Fleet Risk Factors
PHH Arval, a subsidiary of PHH Corp., has announced a partnership with FleetRisk Advisors, a provider of risk management and loss control services for the fleet transportation industry.
PHH Arval, a subsidiary of PHH Corp., has announced a partnership with FleetRisk Advisors, a provider of risk management and loss control services for the fleet transportation industry.
Under the agreement, PHH Arval and FleetRisk Advisors will combine their technologies to test a new service that could give corporate risk and safety managers the ability to predict accidents so that corrective action can be taken before an incident occurs.
The goal of this test is to combine data from these firms and sources to help fleets predict which combination of risk factors are most likely to produce an accident - and ultimately improve the company's risk profile.
According to David Coleman, PHH Arval vice president of telematics strategy, "This alliance with FleetRisk Advisors is an important part of our overall strategy to integrate advanced technologies with core fleet management services. The specific relationship with FleetRisk Advisors allows us to combine real-time vehicle data, historical loss data, and current operational data to proactively identify driving activities that will contribute to a vehicle-related loss, and eliminate them through execution of targeted prevention services.
“This means our clients will be able to reduce overall risk exposure, save costs by preventing loss, and enhance driver safety."
FleetRisk Advisors provides extensive relational database technology and sophisticated analytics to help identify specific causes of loss, implement effective countermeasures, and monitor the performance of both safety and operational efficiency programs. Its services build upon the infrastructure of established fleet telematics providers. PHH Onboard is the only fleet telematics service on the market today that provides integrated fleet and telematics information, consulting, and reporting to clients to help them lower costs.
The new product, scheduled to be introduced to the general market this fall, will deliver services in three key fleet-related areas: risk management, workforce productivity, and vehicle performance.
FleetRisk Advisors can be reached on the Web at www.fleetriskadvisors.com.
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