Palo Alto, CA, July 12, 2017 — Nauto, whose auto safety and data platform is making driving safer and fleets smarter, will work with leading passenger fleet insurance company Atlas Financial Holdings, Inc. (NASDAQ: AFH ) to deploy Nauto’s dual-facing cameras, telematics and data platform across multiple fleets of its taxi, livery and paratransit customers.
Under the agreement, Atlas will work with key fleet customers to install Nauto’s proprietary devices — windshield mounted internal and external facing cameras packed with AI sensors and telematics — in customers’ taxi, limousine and paratransit fleets located throughout the United States. The partnership gives Atlas’s public fleet customers and their drivers the benefit of Nauto features, which, in addition to traditional telematics, includes Nauto’s proprietary driver distraction feature — the automotive industry’s first aftermarket platform that uses video and artificial intelligence to detect and score distracted driving behavior and improve risk assessment. With Nauto, Atlas will gain a greater ability to price and insure commercial fleet risk. In addition, Atlas and its customers will have access to Nauto’s data network and insights, which could dramatically improve determination of who was at fault in a collision, and streamline claims handling.
“We know professional drivers are often accused of wrongful liability -- they are innocent in 90% of commercial crashes. Because Nauto can detect collisions and direct markers of risk, we provide powerful proof of innocence,” said Stefan Heck, CEO and Founder of Nauto. “We’re looking forward to working with Atlas’s many fleet customers to arm their existing vehicles with valuable safety, loss prevention and feedback features that can help improve driver performance. We’re also delighted to be working with Atlas to manage risk more effectively through quality based insurance products, and helping make fleet and insurance operations more efficient, and make roads safer for everyone.”
“We are excited to offer Nauto as a tremendous benefit to our fleet customers,” said Scott Wollney, President and CEO of Atlas Financial Holdings. “Nauto’s safety features and the insights its data platform delivers will enhance the safety and efficiency of our customers’ businesses and at the same time, will help reduce loss costs and improve our insurance operations through smarter risk prediction.”
Because Nauto learns from other drivers, the road and conditions around vehicles in the Nauto network, fleets that are equipped with Nauto have access to automatically uploaded video of significant events and insights delivered in real time to help fleet managers improve overall driver performance and enhance the safety of an entire fleet, and help insurers assess and settle claims accurately and efficiently.
Nauto is a Palo Alto, California-based transportation technology company whose AI-powered data platform is making driving safer and fleets smarter. Nauto’s intelligent vehicle hardware saves lives by preventing collisions, improving driver behavior, and learning from the diverse data shared across its network. Nauto’s strategic partners include Allianz Insurance, Toyota and BMW and its backers include Playground Global, Draper Nexus and Index Ventures. Nauto’s team of data science and machine learning Ph.D’s, world class engineers, insurance and fleet industry veterans are developing Nauto’s products and deploying them to professional fleet and insurance industry customers. More information about Nauto is available at www.nauto.com, or on LinkedIn, Facebook and @NautoDriver on Twitter.
About Atlas Financial Holdings
The primary business of Atlas is commercial automobile insurance in the United States, with a niche market orientation and focus on insurance for the "light" commercial automobile sector including taxi cabs, nonemergency paratransit, limousine/livery (including certain transportation network company drivers) and business auto. The business of Atlas is carried on through its subsidiaries American Country Insurance Company, American Service Insurance Company, Inc., Gateway Insurance Company, Global Liberty Insurance Company of New York, Anchor Holdings Group, Inc., Anchor Group Management, Inc., and Plainview Premium Finance Company, Inc. Atlas' insurance subsidiaries have decades of experience with a commitment to always being an industry leader in these specialized areas of insurance. For more information about Atlas, please visit www.atlas-fin.com.
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