Marsh Expands Relationship with GreenRoad
NEW YORK - Marsh and GreenRoad announced they are teaming together so that all Marsh U.S. brokerage clients will have the opportunity to obtain services from GreenRoad at favorable rates. Marsh first started offering GreenRoad's services to its captive clients in November 2008.
GreenRoad provides a comprehensive technology-based service that provides real-time, in-vehicle driver feedback designed to reduce fleet risk by changing driving behavior. It combines safety, risk visibility, functionality, and coaching in a cost-effective, scalable and easy-to-implement package. GreenRoad client experience data suggests that on average, GreenRoad clients have reduced accidents by up to 50 percent and fuel consumption by up to 10 percent. Using GreenRoad's risk analysis tools, Marsh will work with its clients to make informed decisions about risk retention and insurance.
GreenRoad's service continuously rates driving skills and enables drivers and fleet managers to identify and address risky driving behavior and promotes improvements over time through constant reinforcement. Drivers are empowered to change their own behavior behind the wheel based on a combination of automated feedback and constructive coaching as well as access to their individual driving risk profile online.
Risk management professionals gain better visibility into risk and safety levels using GreenRoad's online reporting tools. They can review detailed reports by fleet, driver, department, maneuver type, trip, and other variables to identify high-risk areas and develop focused and effective risk management strategies - at the driver, fleet or organizational levels.
"GreenRoad already is working with several Marsh clients, who have benefited from its services," said Mark Langer, a managing director of Marsh and leader of the firm's Transportation Practice. "With the fleet industry looking for proven ways to reduce accidents and manage costs, GreenRoad's services represent a valuable element of a strong overall risk management program for businesses in this sector."
"With this announcement Marsh is building on its solid reputation for providing its clients with the industry's leading risk management services," said Eric Shishko, senior vice president, Global Insurance at GreenRoad. "We already have a number of joint clients in the U.S. and with this new agreement a broader community of Marsh clients will now be able to take advantage of our fleet safety service at favorable rates."
Marsh has over 23,000 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 approximately 53,000 employees and annual revenue exceeding $11 billion. MMC also is the parent company of Guy Carpenter, the risk and reinsurance specialist; Kroll, the risk consulting firm; Mercer, the provider of HR and related financial advice and services; and Oliver Wyman, the management consultancy. MMC's stock (ticker symbol: MMC) is listed on the New York, Chicago and London stock exchanges. MMC's Web Site is www.mmc.com. Marsh's Web site is www.marsh.com.
GreenRoad is the pioneer and world's provider of a comprehensive service to improve driving behavior. GreenRoad helps commercial fleets, insurers and consumers measure, improve and sustain safe and fuel-efficient driving behavior. The service integrates real-time, in-vehicle feedback, coaching, reporting and risk analysis tools to empower drivers to improve immediately. GreenRoad's system is cost-effective, automated, and fully scalable. The company is headquartered in Redwood Shores, California, with sales offices throughout the U.S. and UK and an R&D Centre in Israel. Investors include Benchmark Capital, Virgin Green Fund, Amadeus, Balderton Capital and DAG Ventures. For more information, visit www.greenroad.com.