CellControl, a provider of driving-while-distracted solutions, announced that it has entered into a partnership with IronBridge Partners, an insurance and risk management specialty firm, to represent CellControl within the insurance industry in both North America and Europe. Together, CellControl and IronBridge will work to develop actuarially supported premium discount programs to parties using the CellControl solutions.
IronBridge works with insurers, agents/brokers and other insurance-related service providers to become more capital-efficient, and to accurately measure and manage risk.
“By preventing loss of life and reducing accidents resulting from driving while distracted, widespread use of our solution or similar technologies could save the insurance industry and its customers billions of dollars each year,” says Chuck Cox, CEO of CellControl. “Any optional technology that saves both lives and money should drive a premium discount. Just like airbags, anti-lock brakes and traction control, our technology simply works. We have partnered with IronBridge to make such programs available to commercial fleet managers, safety officers and other parties.”
“We are confident that CellControl will incent auto and truck insurers to encourage their policyholders to utilize this technology through premium savings and other financial incentives,” says Bill Klepp, IronBridge principal. “We evaluated competing solutions in the market and determined that CellControl offers a unique combination of accuracy, reliability, and enforceability while also delivering the traceability and accountability necessary to support a discount program.”
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