An insurance company and a provider of video-based fleet management services have teamed up.

ProSight Specialty Insurance and SmartDrive Systems have debuted a fully integrated video event recorder and risk reduction service that’s offered complimentary with ProSight coverage, minus installation and annual vehicle connection cost.

SmartDrive’s SecureFleet combines a vehicle data and video event recording system with a comprehensive driver coaching program to help fleet owners and fleet safety managers reduce risks, reduce costs and better manage fleets, according to the companies.

“Unlike other discounted telematics or event recorders offered by insurance providers, SecureFleet stands alone as the only partnership between an insurance company and its customers, according to a release. “When compared to retail pricing for event recording equipment and accompanying service, SecureFleet offers an average savings of over $950 per vehicle in the first year.”

SecureFleet allows transportation companies to minimize their risk on the road by focusing and improving each driver's specific driving skills, said ProSight. It provides exception-based event recording and individualized coaching which helps eliminate unsafe driving based on the driver's actual and visible driving, and over time can improve the risk profile of the company by reducing claims, according to the companies.

Both say driver coaching can also be effective in increasing a fleet's fuel efficiency and reducing maintenance costs as driving skills improve. In addition, SecureFleet can also dramatically reduce the significant soft costs of accidents and claims such as diverted management attention, risk to brand, decreased driver and employee morale, higher legal costs, reduced customer satisfaction and loyalty, and more.

"We developed SecureFleet to help our customers make their fleets safer, more efficient and profitable. No one else in the industry has combined insurance with telematics, event recording technology and driver coaching as we have with SecureFleet," said Darryl Siry, chief marketing and communications officer, ProSight Specialty Insurance. "ProSight selected SmartDrive Systems to co-develop the insurance industry's most comprehensive and customer-focused risk management solution for transportation fleets helping owners and fleets ultimately improve the bottom line."