(BRK.A), (BRK.B)
Safe Drive Systems (SDS), a leading developer and distributor of aftermarket advanced auto safety technologies, and its partner, Berkshire Hathaway GUARD Insurance Companies, have announced the end of the first stage of their ongoing fleet technology pilot project.
Ten months ago, Safe Drive Systems radar accident prevention systems were installed in the vehicles of selected fleet customers of Berkshire Hathaway GUARD Insurance Companies to evaluate whether the system and the provided service would reduce the frequency and severity of their claims. The vehicles were equipped with an integrated radar accident prevention system and fleet management system, including real-time tracking abilities, report generation software, driver behavior scoring, and the Fleet SDS mobile application.
According to Safe Drive System’s CEO Tuvi Cohen, “The system is currently installed in more than 580 vehicles that collectively have been driven more than 5,000,000 miles and showcases the driver education process to yield positive trends and results in driver performance.”
As noted by SDS’s Cohen, “The radar accident prevention system sends alerts and notifications to the driver which creates a subconscious awareness that was absent prior to installing the system. Ninety-two percent of drivers immediately reduced their speed whenever the radar system warned them of a potentially high-risk situation that could have caused an accident on the road.”
The radar accident prevention system works in all weather conditions and uses both radar and camera sensors to alert drivers of potential hazards. The system paired with the fleet management tool provides the owner or operator insight in “real time” to improve driver behavior and performance with ease.
Cohen notes “Our mission for years has been to make the road a safer place to be through technology. An ambitious idea that drives everything we do — from individual vehicle protection to entire fleet management solutions.”
Sy Foguel, President and CEO of Berkshire Hathaway GUARD Insurance Companies added, “The SDS system helps our insureds manage their fleets and also provides us with telematics data. What we value most, however, is the potential of the system to help avoid auto accidents and save lives.”
© 2019 David Mazor
Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell the stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.