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Lytx and ARI Insurance Partner to Improve Driver Safety

April 29, 2014 - Press Release

Lytx, Inc. (formerly DriveCam, Inc.), a global leader in delivering driver safety and compliance solutions, today announced that it has signed an agreement with ARI Insurance to provide ARI's transportation and commercial automobile clients with the DriveCam powered by Lytx driver safety management solution.

ARI will subsidize 50 percent of the monthly program cost to demonstrate its support for the safety benefits that the DriveCam Program delivers and to promote rapid adoption across its client base.

"ARI is dedicated to helping our clients improve safety and reduce their operating costs," said Karen Fulton, ARI's president and CEO. "We've seen the DriveCam Program dramatically reduce the frequency and severity of claims, driving down insurance costs and saving them money. Given the safety value that DriveCam delivers to our clients, we're pleased to have Lytx as our partner and to cover a significant portion of the service cost for our customers."

"We admire ARI's exceptional commitment to helping its clients improve fleet safety," said Eliot Feldstein, senior vice president of strategy and corporate development of Lytx Inc. "This is a terrific opportunity for both companies to join together to have a direct and powerful impact on making our roads and highways as safe as possible."

DriveCam powered by Lytx improves safety by combining data and video analytics with real-time driver feedback and coaching, resulting in decreased collision-related costs and fuel consumption. Using its patented Lytx Engine, the DriveCam Solution can identify, score, prioritize and track the results of driving behaviors to identify improvement opportunities for increased safety. An in-vehicle device captures driving behavior, which is objectively reviewed and scored by trained professionals, then passed on to the fleet for use in coaching drivers.

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